Freehold means that an interest in land is inheritable.
Offer your best advice for handling change orders during construction.
A seller failed to disclose to a buyer that his house had had evidence of termite
infestation three years prior to the sale. The seller had had the property treated and had
a certificate from the termite company that the property was clean and free of termites.
Was there misrepresentation?
A possibility of reverter is non’‘transferable.
Draw the SE’‘1/4 of the NW’‘1/4 and give its acreage.
A life tenant has the right of undisturbed possession of the life estate.
The Uniform Rights of the Terminally Ill Act provides the requirements for a living
will.
Hannah Hall is a broker who has the listing agreement for the sale of the Taylor home.
The Wettsteins visit the Taylor home during an open house and talk with Hannah. The
Wettsteins are not completely sold on the Taylor home, so Hannah offers to show them
five other homes she has in the area that she believes will suit the Wettsteins’ needs. The
Wettsteins explain to Hannah that they cannot spend more than $400,000. Hannah finds
a house for the Wettsteins. It is listed for $400,000 but the Wettsteins, after looking at
comparables in the area, decide to offer $375,000. The owner of the house (a house also
listed by Hannah and her agency) asks Hannah, “How far do you think we can get them
to go up?’ Hannah responds, ‘I know exactly how far they will go.’ Discuss Hannah’s
relationship with the Wettsteins as well as the homeowner.
For what period of time must the lender hold the terms of the GFE for the borrower?
a. 3 days
b. 7 days
c. 10 days
d. Until the time of the closing
Jones, a landlord, requires in all leases that rent be paid on the first day of each month.
For the past three months, Jones has accepted Tenant One’s rent as late as the 12th day
of the month. During the fourth month, when Jones has not received Tenant One’s rent,
she sends a notice of termination on the second day of the month. Is Jones acting
properly?