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The statute of limitations concerns time limits for filing a lawsuit.
Permission to use a building for a nonconforming use may be accomplished by
obtaining a zoning ordinance.
A listing agent is bound by his fiduciary relationship to be loyal to the seller. With
regards to working with a buyer, the listing salesperson must disclose hidden defects to
the buyer.
Under a(n) ____________________ contract, the buyer has a right to purchase the
property but with no obligation to do so.
In the market approach, houses with similar physical features and amenities that have
sold recently under market value conditions are called ____________________.
The property tax rate that is expressed in tenths of a cent per dollar of assessed
valuation is called the ____________________ rate.
Applied to land use, zoning laws may dictate construction standards for buildings.
A lease issued by a cooperative corporation to its shareholders is called a
____________________ lease.
The condominium association dues typically pay for all common expenses but do not
include reserves for replacement.
When a garden apartment development is situated between an office park and a
subdivision of single-family residences it is known as a commercial zone.
Building codes may be enacted by local governments or at the state level of
government.
The property owner is permitted to compete against the real estate broker in searching
for a buyer if he signed anexclusive right to sell listing.
There is no limit to the cost of a home under the Farmer Mac program.
A zoning variance allows an owner to deviate from the existing zoning law.
Medical payments pay for the treatment of injuries without the need to determine fault.
