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A contract can be discharged by novation.
An easement may be removed from county records by a quit claim deed signed by the
owner of the easement.
The Federal Equal Credit Opportunity Act protects borrowers from discrimination
based on sexual preference.
The broker has an exclusive agency listing with the sellers. The broker shows the home
to a buyer who then calls the sellers directly to make an offer to buy the property. The
broker has earned a commission because the listing is an exclusive agency listing.
A gross rent multiplier is most used by owners in self-evaluating owner-occupied
dwellings.
Strict foreclosure is a nonjudicial foreclosure without a judicial sale and usually without
a statutory redemption period.
A broker who is the primary cause of a transaction is known as the
____________________ cause.
Recognizing the need to protect public health and safety against slipshod construction
practices, governments have enacted ____________________ codes.
In calculating "basis" for income tax purposes, one must take into consideration the
market value of similar properties.
The signature of the grantor is required in most states for any deed to be valid.
The act of directing any group away from or to an integrated or minority neighborhood
is called ____________________.
If a person dies without leaving a last will and testament she is said to have died
____________________.
The process of dividing ongoing expenses and income items at closing is known as
____________________.
Rights, benefits, and obligations under a contract can not be assigned to someone else.
When a municipality regulates a property to such an extent that it cannot be used for
any purpose this is considered a taking.
Those parts of a condominium that are owned by all the unit owners are called
____________________ elements.
