Ownership
The Government takes your property to build a road
What is Eminent Domain
What is it called when seller agrees to accept the escrow deposit during a dispute
What is liquidated damages
What is opposite of Erosion
Accretion
What act says a lender cannot judge a buyer because of their age or national orgin
Equal Credit Opportunity Act
The illegal practice of inducing homeowner to list or sell their home due to a protective class moving in.
What is Blockbusting?
You have died intestate, and there are no heirs; the state takes your property.
What is Escheat?
What is offer and Acceptance regarding a contract
Requirement for Valid contract
Property owners rights to flowing water
What is riparian rights
When can a landlord commingle funds
Post a surety bond
What stipulates the time periods a contract is enforceable
What is Statutes of Limitations?
Two married people own a house.
What is Estate by the Entirities
States how long a contract can be enforced
Statutes of Limitation
Property is not marketable what should the broker do
Notify the seller asap
What type of lease has the lessor pays all the taxes
Gross Lease
What rights do a property owner have if their property borders a river?
What are Riparian Rights?
Who has to sign a deed?
Only the Grantor
First thing for a broker must do if conflicting escrow demands
Notify Frec in Writing
Real estate and the bundle of Rights.
What is Real Property?
How is a binder deposit on a closing statement shown
Credit to the buyer
You receive a post-dated check.
What is give it to your broker?
Deed used to clear leins
Quitclaim Deed
This formed to help a client if an agent is enable to pay them after a legal judgment. It is not a remedy for breach of contract.
What is the real estate recovery fee?
What law says borrowers must be informed of all closing charges
RESPA
This specifies the amount of the mortgage loan and all other details of the loan.
What is a promissory note?
What Act requires lenders not to discriminate against a buyer due to their age?
What is Equal Credit Opportunity Act