What is an easement - Study guides, Class notes & Summaries
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CIC Commercial Casualty Institute actual exam with 100% correct answers(latest update)
- Exam (elaborations) • 24 pages • 2024
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What are 4 major loss exposures covered by CGL Form? 
 
LO1 
1. Premises Liability (slip and fall due to water on the floor) 
 
2. Operations Liability 
(Tree trimmer causes damage to power lines by removing fallen limbs) 
 
3. Product Liability (ladder collapses when being used as intended) 
 
4. Completed Operations 
A contractor installs a hot water heater and leaves the home, 2 days later, water overflows onto the floor causing damage because the hot water heater was improperly installed. 
 ...
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Colorado Real Estate Final Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024
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Madison Davidson negotiated for a $30,000 loan with $200 monthly payments, plus 9 percent interest. 
In this case, what is the monthly interest in the first month? 
A: $225 
B: $450 
C: $425 
D: $205 - A: 225 
First, you take $30,000 and multiply it by 9% for the total annual interest paid, or $2,700. Divide that by 
12 (months) for a total of $225 per month interest payment. If this is a fully amortized loan, the ratio of 
principal and interest will change every month, with the interest declin...
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California Real Estate Exam: Questions & Answers Latest Update 2023/2024 100% Verified
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California Real Estate Exam: Questions & Answers Latest Update 2023/2024 100% Verified. Reed vs. King Case 
(Ans- Must disclose death (and manner of death) on a property if occurs 
within 3 years, except AIDS 
Jones vs. Mayer Supreme Court Decision (1968) 
(Ans- Racial discrimination not allowed (whether selling or buying) in all 
PRIVATE property transactions (based on Civil Rights Act of 1968) 
Easton vs Strassburgar 
(Ans- Seller disclosures to third parties AND agent visual inspection of all...
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024
- Exam (elaborations) • 38 pages • 2023
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is 
called ️ a contract 
Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting 
other brokers in the marketplace. 
2. dividing the market to restrict competition. 
3. agreeing to set sales commissions and management rates. 
When a sewer line is installed down a rural road, the cost will probabl...
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Basic Appraisal Procedures Exam Questions: Basic Appraisal Procedures Exam Study Guide: 100% Verified Questions & Answers: Updated
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In the highest and best use analysis, when an appraiser is evaluating the land as though vacant, what is one of the four criteria the appraiser will evaluate? 
 (Ans- the physical possibility of an intended use 
 
the appraiser's collection of supply and demand data has application to what areas of the data collection process? 
(Ans- both market area data and comparable property data 
 
In the appraiser's data collection process that involves a market value assignment, which of the following ...
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Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions.
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Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions. 
Surface rights consist of only the right to control, occupy, and use the surface area of a 
parcel of real estate. T/F? - False 
Mineral rights are: 
A. Always considered to be personal property 
B. Always pass with the land 
C. Cannot be sold separately from the land 
D. Pass with the land, unless otherwise specified in the deed - D 
Which of the following is NOT an improvement of land? 
A. Building 
B. ...
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Michigan State Title Insurance - Exam Questions And Answers
- Exam (elaborations) • 11 pages • 2024
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$.55 - County Transfer Tax 
$10,000 - Fine for violating a cease and desist order issued by the commissioner 
30 days - An agent must report a change in his or her mailing address to the Department of 
Insurance within 
36 - How many sections are in a township 
40 years - How long is the Michigan Marketable Title Act 
40 years - To obtain marketable record title to real property, an owner needs an unbroken chain of 
title for how many years 
6 miles - The space between range lines 
640 acres - A...
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Michigan Builders License Exam Questions With Correct Answers
- Exam (elaborations) • 71 pages • 2023
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Created to serve as a complete, comprehensive code regulating the construction of single-family, two-family and buildings consisting of three or more townhouse units. - Answer IRC (International Residential Code) 
 
Administrative - Answer First 2 chapters of code book are 
 
True - Answer Plans or supporting documents are almost always required by the controlling authority prior to issuing a permit. T or F 
 
Yes - Answer Does the building official have the authority to render interpretations o...
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Escrow Sample Test – Utah| 100 QUESTIONS| WITH COMPLETE SOLUTIONS.
- Exam (elaborations) • 17 pages • 2023
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Escrow Sample Test – Utah| 100 QUESTIONS| WITH COMPLETE SOLUTIONS. 
An Escow is an arrangement that: 
(Select all that apply) 
(A) holds documents 
(B) holds funds 
(C) creates documents to affect a transfer of interest in a property 
(D) acts as an attorney 
(E) is responsible for guaranteeing funds correct answer: (A) holds documents 
(B) holds funds 
(C) creates documents to affect a transfer of interest in a property 
(E) is responsible for guaranteeing funds 
When is it necessary to have...
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Legal Aspects of Real Estate Final Exam 2023/2024 With Complete Solutions
- Exam (elaborations) • 16 pages • 2023
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Legal Aspects of Real Estate Final Exam 2023/2024 With Complete Solutions 
Because the United States started as an English colony, our legal system is a mix 
of 
common law and civil law 
Which of the following is not one of the four main sources of law? 
Contract law 
Based on the two broad categories of law, which one covers typical cases 
involving contracts and property ownership? 
Civil law 
The California _________ is the highest court level and all courts in California are 
bound by it...
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