78. The CLTA policy protects against: a. acts of minors. b. invalid deed delivery. c. forgery. d. all answers are correct.
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82. A mechanic’s lien can be filed against a property by som…
82. A mechanic’s lien can be filed against a property by someone who has furnished which of the following services? a. Landscaping b. Roofing c. Plumbing d. All of the answers are correct
66. To be valid, a lease need NOT include the: a. descripti…
66. To be valid, a lease need NOT include the: a. description of the property. b. length of the lease. c. words “let or demise.” d. names of the parties.
1. Easements appurtenant are for the benefit of: a. homeste…
1. Easements appurtenant are for the benefit of: a. homesteaded landowners. b. adjoining (neighboring) landowners. c. the general public. d. government use only.
17. Which of the following are NOT institutional lenders? a…
17. Which of the following are NOT institutional lenders? a. Banks b. Private individuals c. Insurance companies d. Federal savings banks
33. Which of the following statements is true regarding Tran…
33. Which of the following statements is true regarding Transaction Coordinators? a. They organize forms. b. They organize disclosures c. They are often paid per transaction d. All answers are correct
88. Which of the following is NOT a test to determine whethe…
88. Which of the following is NOT a test to determine whether an item is a fixture? a. Adaptability b. Date of purchase c. Intention d. Agreement
12. The higher your credit score: a. the greater your chanc…
12. The higher your credit score: a. the greater your chance of default. b. the better your interest rate and loan terms. c. the greater the possibility you will file a bankruptcy. d. none of the answers are correct.
3. The process of proportionally dividing rents, property ta…
3. The process of proportionally dividing rents, property taxes, and fire insurance is called: a. subdividing. b. title splitting. c. proration. d. escrow debiting.
29. The Real Estate Commissioner: a. replaces a court of la…
29. The Real Estate Commissioner: a. replaces a court of law. b. gives legal advice. c. enforces the Real Estate Law. d. all answers are correct.