Real Estate Midterm

real-estate-midterm

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Question 1 of 1

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500753

180

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The owner of a property agreed in writing to convey to a neighbor the ownership of a piece of land between the owner’s fence and the neighbor’s property line. Both parties agreed the transfer would take place within four months of the agreement. Later, the owner changed his mind and refused to transfer the property to the neighbor. Would the neighbor have any recourse against the land owner?

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500754

180

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The assessed value of all real property within a taxing jurisdiction is the:

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500755

180

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Under a lease, the leasehold estate is a right belonging to the:

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500756

180

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Which of the following would not be considered an agent?

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500757

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Which of the following is a less than freehold estate and does not require notification to terminate?

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500758

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A quit claim deed is generally used to:

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500759

180

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Which of the following is a physical characteristic of land?

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500760

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Which of the following BEST expresses the difference between building codes and zoning regulations?

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500761

180

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An adult buyer who is illiterate signs a contract to purchase property from a seller. The buyer understands the nature of the contract because the terms were explained orally. Is the contract bidning?

Select the correct answer(s).

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500762

180

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A buyer made an offer to purchase the seller’s property for $96,000 providing the seller would sign a general warranty deed at closing. The seller agreed to the $96,000 purchase price but agreed to sign a special warranty deed. Has a contractual obligation been created between the buyer and the seller?

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500763

180

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A co-owner of a property, held in joint tenancy, conveyed his interest to a buyer by general warranty deed signed only by the co-owner. Which of the following statements is TRUE regarding this transaction?

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500764

180

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The law pertaining to the period of time within which legal proceeding against certain actions in a contract must be brought to court is called the:

Select the correct answer(s).

(0/0)

500765

180

none

A lease is all of the following except:

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(0/0)

500766

180

none

A property was listed for $125,000 and the broker found a buyer who made an offer of $115,000 which was not accepted by the seller. This situation would be best described as a(n):

Select the correct answer(s).

(0/0)

500767

180

none

Real Estate Midterm

Question 1 of 1

Time Left

Select the correct answer(s).

(0/0)

The assessed value of all real property within a taxing jurisdiction is the:

Select the correct answer(s).

(0/0)

Under a lease, the leasehold estate is a right belonging to the:

Select the correct answer(s).

(0/0)

Which of the following would not be considered an agent?

Select the correct answer(s).

(0/0)

Which of the following is a less than freehold estate and does not require notification to terminate?

Select the correct answer(s).

(0/0)

A quit claim deed is generally used to:

Select the correct answer(s).

(0/0)

Which of the following is a physical characteristic of land?

Select the correct answer(s).

(0/0)

Which of the following BEST expresses the difference between building codes and zoning regulations?

Select the correct answer(s).

(0/0)

An adult buyer who is illiterate signs a contract to purchase property from a seller. The buyer understands the nature of the contract because the terms were explained orally. Is the contract bidning?

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

A co-owner of a property, held in joint tenancy, conveyed his interest to a buyer by general warranty deed signed only by the co-owner. Which of the following statements is TRUE regarding this transaction?

Select the correct answer(s).

(0/0)

The law pertaining to the period of time within which legal proceeding against certain actions in a contract must be brought to court is called the:

Select the correct answer(s).

(0/0)

A lease is all of the following except:

Select the correct answer(s).

(0/0)

A property was listed for $125,000 and the broker found a buyer who made an offer of $115,000 which was not accepted by the seller. This situation would be best described as a(n):

Select the correct answer(s).

(0/0)

The legal remedy of terminating a contract and restoring the parties to their original position prior to contract is called:

Select the correct answer(s).

(0/0)

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