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Question 1 1. What elements are required to form a legally binding real estate purchase contract?
Question 2 2. Under the merger doctrine, what are the provisions for purchase terms of agreement merged into the deed?
Question 3 3. Liens created by contract must comply with ____.
Question 4 4. What legal doctrine may allow a trespasser to take legal title of your property?
Question 5 5. Which of the following is an example of a landlord's right?
Question 6 6. A ____ is implied in most residential leases.
Question 7 7. What is the definition of a zone system in heating and air conditioning systems?
Question 8 8. What kind of appraisal are retail purchasers most likely to rely on?
Question 9 9. Which of the following survey methods can be used to write a legal description of a property?
Question 10 10. Which of the following is NOT an example of real property?
Question 11 11. What may a bank require before it agrees to accept a deed in lieu of foreclosure?
Question 12 12. Which of the following covenants warrants that the grantee is getting the property that the deed purports to be giving her?
Question 13 13. Which ratio looks at your total liabilities or total debts?
Question 14 14. Which two pieces of information must lenders disclose to borrowers under the Truth in Lending Act?
Question 15 15. What do you call the document that governs how a condo association functions?
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