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Ownership of the interior space of your home and garage and an undivided interest in
the building structures, common areas, and land area of the entire project describes a
cooperative.
In community property states, property not held as community property is designated as
separate property.
A property owner lived in an area newly zoned for business but his deed contains a
restriction against commercial usage. In this case the zoning laws would prevail.
Pension funds and trust funds offer money for real estate loans.
The 1968 Fair Housing Law provides protection against certain acts if they discriminate
against one or more of the____________________ classes.
A deed of trust differs from a traditional mortgage in that it is a three-party agreement.
Any thing affixed to land with the intent of being permanent is considered real property.
A(n) ____________________ is the total transfer of the lessee's rights to another
person.
"Rich uncle " financing is a variation of equity sharing.
Tax shelter in real estate is not available for rent houses.
The system under which individuals are given the right to own land is the
_________________________.
A lease conveys the right of possession and use to the landlord.
A trust is an arrangement whereby title to real and/or personal property is transferred by
its owner (the trustor) to a ____________________.
Railroads have the right to condemn private property for public use.
Of the two indexing systems, the ____________________ index is the simplest to use.
When an attorney issues a certificate of title, he has based his opinion on an abstract of
title.
Like FHA insurance, the object of private mortgage insurance (PMI) is to insure lenders
against ____________________ losses.
The ultimate responsibility for a mistake in a document prepared by a real estate
salesperson rests equally upon the salesperson and the employing broker.
