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Question 1 1. What is the purpose of earnest money in real estate negotiations?
Question 2 2. What elements are required to form a legally binding real estate purchase contract?
Question 3 3. When may a riparian landowner make artificial use of the water abutting her property in a riparian system?
Question 4 4. Land ownership is unique, because it usually includes many different types of rights. This is known as:
Question 5 5. What type of deed restriction often applies to all lots in a residential development?
Question 6 6. Which of the following is not an enforceable restrictive covenant?
Question 7 7. What does REO stand for?
Question 8 8. A deed represents:
Question 9 9. Which of the following is the agent authorized to take actions for and bind the principal in all matters within the scope of real estate practice?
Question 10 10. Which of the following states allows real estate agents to establish a dual agency relationship?
Question 11 11. Which of the following is a right of rental property tenants?
Question 12 12. Which of the following can happen to a tenant if he causes damage to a rental property?
Question 13 13. What is the correct definition of interest?
Question 14 14. The Consumer Financial Protection Bureau provides which of the following services:
Question 15 15. Which type of easement allows a trespasser to acquire an easement by adverse use?
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