Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Incorrect Quiz
| Question | Answer |
|---|---|
| A low tide property owner tells people walking on the beach to move along, at issue is | littoral rights |
| from nicks rock to smelt pond, to spooner pond, to triangle pond and back to the POB is an example of | metes and bounds |
| Person A grnts an estate to B. When B dies, X takes over the estate, this is an example of | remainderman |
| X sells an estate to Y with no strings, this is an example of | fee |
| Uncle Bob gives Nephew Ray a boat upon Bob's death | bequest |
| Q buys property and receives deed protecting him against events during X's term of ownership but encroachment began before X owned the property - Q should have sought a | general warranty deed |
| A net listing | is a conflict of interest |
| If the board suspended a license, it must be surrendered within how many days | 7 |
| Homeowner lists home with broker, homeowner sells home but does not owe commission, this is an example of | exclusive agency |
| When all parties agree but nothing is yet on paper | meeting of the minds |
| a contract is completed but not closed | executory |
| a promissory note | evidence of debt |
| a buyer acquires property using the existing mortgage and the original owner is responsible for the debt | subject to |
| an influence upon value based upon future events | anticipation |
| a landlord retains | reversionary right of possession |
| a tenant must pay for the rent plus other factors of ownership like taxes, this is an example of | net lease |
| Gender discrimination was added to federal fair housing law in what year | 1974 |
| an agent writes a letter to every home owner of the street warning of a certain undesirable ethinic group moving into the area. This is an example of | blockbusting |
| lead paint must be removed in how many days | 90 |
| a listing broker sees a vintage boiler in the basement wrapped in a white and yellow insulating material, the agent during an open house tells possible buyers that it is not asbestos, even though the agent is aware that the boiler tested positive | misrepresentation |
| The new HUD is called | closing disclosure |
| lender fails to provide a loan estimate of closing costs within 3 days of application, this is a violation of | TRID |
| an ad from a mortgage company touts rates as low as 1.2% but includes no representation of the APR, it is a violation of | RESPA |
| a 500,000 straight loan with a term of only one year and an interest rate of 5% also requires 3 points, what is the APR | 8% |
Created by:
LarissaTrox