Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the property. In terms of affecting title this action
... [Show More] could:
Place the beneficiary in a precarious position should the borrower die before the debt is paid.
Joint tenant estate held by two joint tenants is severed and ended by the following:
A foreclosure by one of the joint tenants. One of the joint tenants transfers his interest to a third party. One of the joint tenants sell his interest.
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A man owns six seperate parcels of real property. He wants to offer all of the parcels as security for a mortgage loan. The mortgage that he will obtain will probably be?
A blanket mortgage
All of the following acts of one joint tenant terminates a joint tenancy except when the joint tenant:
Mortgages his or her share
Avulsion
Is the sudden tearing away of land by the the action of water
When appraising a home build in 1910 the appraiser must use:
Today's cost and today's reproduct ion cost
The appraiser gives an 30 year old home a rating of 6 years is called:
Effective age
a home painted in 1972, even if the seller repainted
the property a lead based paint booklet is required,
if not, the ommission allows the buyer to:
cancel the transaction.
Not funtional obsolescense -
Proximity of nuisances
Intestate means:
Someone that left no will
A principle may request an accounting from the real estate agent of his funds :
At any time
The seller's responsibility is to transfer the property:
Free and clear
When compare to real estate, stocks and bonds are:
More liquid
Which of the following are liens?
Incometax
Judgements
Attachment
subagents:
They work for the seller
If a builder pays $35 an hour to a hostess, to perform an open
house, to answer questions:
a license is required to answer questions
Who must disclose Mello
Seller (OWNER)
if the electrical was intalled by the son-in-law of the seller,
and not to code and the buyer moves in, and after, the
property catches on fire :
the real estate agent is innocent of any wrong doing
Miles sold a home to North with the help of Olsten, if the buyer (North) finds out that something was not properly disclose by Miles and Olsten, this is called:
Fraud
Logan sold a home to Hughes, if Hughes backs out:
Logan can sue for a specific performance
A buyer pays for which of the following?
Escrow, Title, Insurance [Show Less]