LWP 184 Quiz 3

subject Type Homework Help
subject Pages 5
subject Words 462
subject Authors Marianne M. Jennings

Unlock document.

This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
page-pf1
The American Recovery and Reinvestment Act does not permit government funds to go
to private assistance for home buyers having trouble paying their mortgages.
The basis of a property = purchase price + improvements less depreciation.
An NPDES permit is required for point sources.
Prepaid rent may or may not be included in the definition of a security deposit.
page-pf2
All states impose liability on real estate agents and brokers for innocent or fraudulent
misrepresentation.
Convicts who inherit property from relatives are required to have it escheat to the state.
The designation 'Realtor' means simply that an agent is licensed.
The Mortgage Disclosure Improvement Act requires greater disclosure under
Regulation Z.
page-pf3
Brokers have no fiduciary duties with regard to earnest money on deposit.
A devise is a gift of personal property.
Land ownership includes air rights and subsurface rights.
Due process requires that landowners have a court hearing before zoning regulations
are adopted.
page-pf4
Why is an unincorporated association liable for torts committed in its common areas?
Joint tenants cannot make inter vivos conveyances.
A financing statement must always have the signature of the debtor.
A has just purchased property and after moving in, discovers that, according to his
neighbor, the description should have included more land. A wants to go to court to
have the deed changed. A did not think, at the time of purchasing the land, that the extra
amount was included. What are A's rights?
page-pf5
You own a home that has a market value of $145,000. There is a first mortgage on the
property in the amount of $80,000. Interest rates are currently 7% and the rate on your
loan is 4.5%. You wish to sell the property, but are curious about how the sale can be
financed. What suggestions?

Trusted by Thousands of
Students

Here are what students say about us.

Copyright ©2022 All rights reserved. | CoursePaper is not sponsored or endorsed by any college or university.