Real Estate law final Exam 100% Accurate COMPLETE FULL SOLUTIONS PACK EXAM BUNDLE

Law - ANSWER basis of the law is human conflict real property - ANSWER tangible assets Because of drought, a stream provides sufficient water for only half of the regular uses. What are the differences in the rights of riparian owners to whom prior appropriation applies as opposed to owners to...

abandonment - ANSWER The relinquishment of property, title or rights without the idea of returning to them Agricultural lands - ANSWER lands that are being actively used for grazing and or crop production Annual cap - ANSWER Limits the amount of increase or decrease a rate could adjust in any ...

Adverse possession - ANSWER Method of acquiring ownership to real property by possession for a statutory period of time, usually 7 to 20 years. Color of Title - ANSWER A form of adverse possession where the original possession of the property by a prescriber is based upon a written instrument suc...

1 The deed says, I grant this land to B for life, and then to C" Before the death of B, which future interest does C have? - ANSWER In this life estate, has a remainder interest. 2. P wants to extend the side of the house beyond the setback boundary. P must obtain - ANSWER d)a variance. 6. Wh...

federalism - ANSWER many rights reserved to people or states ohio supreme court votes needed - ANSWER 4/7 u.s. supreme court votes needed - ANSWER 5/9 appellate courts - ANSWER decide legal issues only, don't take evidence from live witnesses trial courts - ANSWER lowest level, must fol...

Warranty Deed - ANSWER Covenants clear and legal title, quiet enjoyment, and actively defend any claims to title that may arise after transfer to the grantee. Deed - ANSWER A written instruments used to transfer title to property. Deed Requirements - ANSWER In writing. Name of grantor. Name of...

Statutory law to be followed exactly as written and can't be implemented True/false - ANSWER False Defendants can file a counter suit against the plaintiff T/F - ANSWER True 51 constitutions? T/F - ANSWER True Remedies for a court of equity includes specific perf and injunctions?...

Fiduciary Duties - ANSWER "OLD CARD": Obedience, Loyalty, Disclosure, Confidentiality, Accountability, and Reasonable Care, Diligence. Agent owes to client and broker Accountability and Confidentiality - ANSWER Fiduciary duties that survive the termination of the agency relationship Associat...

How much notice must be given to terminate a NON-farm tenancy from year to year? - ANSWER 60 days How much notice must be given to terminate a farm tenancy? - ANSWER 4 months What kind of lease must be in writing? - ANSWER If it is greater than 1 year. What does a landlord have a duty to re...

False (It is on the injured party) - ANSWER True/False The burden of proof in a nuisance case is on the offender False (You can push it away as best you can. You also have the right to try to keep it on your property) - ANSWER True/False If water collects on your land you cannot push it away from...

Current Situation in Real Estate Law - ANSWER Companies are placing more value on legal capabilities - more regulations - more lawsuits - more severe penalties - increased globalization In 2000, 24% of companies had lawyer-directors term-110 In 2014, 44% of companies had lawyer-direct...

Law - ANSWER a body of rules of action or conduct prescribed by controlling authority and having binding legal force Public Law - ANSWER law that concerns relationships involving the government or its relationship with individuals and organizations EX: Real estate license for brokers Primary ...

when is does the servient estate have to repair damages to an easement - ANSWER If they damage the right of way easement they must repair it easement may not hinder servient estate by.... - ANSWER making it impossible to get to both sides of his property Reyna C Ayco. Case with the cities powe...

Who is generally responsible for ensuring that the Closing Disclosure is delivered to the buyer no later than three business days before consummation? - ANSWER creditor What type of lien is one placed against any and all real and personal property owned by a particular debtor? - ANSWER general li...