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Question 1 1. Which of the following is true concerning mortgages?
Question 2 2. When a bank takes back a home from a borrower for non-payment, it is referred to as _____.
Question 3 3. Which of the following is the appropriate term for a piece of knowledge that would affect a buyer's decision to buy the property?
Question 4 4. Which of the following is a risk of having a property that is home to a protected species?
Question 5 5. Which of the following is not an encroachment?
Question 6 6. What's a real estate lien?
Question 7 7. What policy was enacted to ensure the proper identification of the party/parties responsible for contamination of property?
Question 8 8. Kenneth's neighbor, Paul, has a legal right to cross over Kenneth's property to reach a public street, and Kenneth has no legal right to stop this use. What type of restriction is imposed on Kenneth?
Question 9 9. Which of the following is a right of the life estate holder?
Question 10 10. Which of the following business structures does not require registration with the state?
Question 11 11. Which measurements would include the closet and storage space?
Question 12 12. In metes and bounds terminology, how many measuring rods add up to a chain?
Question 13 13. By law, a mortgage lender is considered _______?
Question 14 14. What is an example of real estate price fixing?
Question 15 15. Leigh hires Jennifer to be her real estate representative. Jennifer will help Leigh find a house to buy and has the authority to place bids for Leigh after Leigh decides to make an offer. Leigh and Jennifer have a written contract. What is this an example of?
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