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REE 4433 Final Exam Questions And Answers 100% Verified.
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REE 4433 Final Exam Questions And Answers 100% Verified.
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REE 4433 Final Exam Questions AndAnswers 100% Verified.
Mr. zAnderson zenters zin zto za zland zinstallment zcontract zfor zthe zsale zof zBlackacre zto zMs.
zJohnson. zAt zthe ztime, zAnderson zdid znot zhave ztitle zto zBlackacre, zbut zlater zacquires ztitle.
zOn zcompletion zof zthe zcontract, zAnderson zrefuses zto zconvey zthe zdeed. zJohnson zwill
have zto zenter zinto za znew zcontract zwith zAnderson zfor zthe zsale zof zBlackacre.
zbe zout zof zluck zbecause zat zthe ztime zof zcontract, zAnderson zhad znothing zto zsell zto
zJohnson.
zbe zable zto zrecover zdamages zagainst zAnderson.
zbe zentitled zto zafter-acquired ztitle. z- zcorrect zanswer. z z z zbe zentitled zto zafter-acquired ztitle.
If za zseller zbreaches za zland zcontract, zthe zbuyer zhas zall zbut zwhich zof zthe zfollowing
zremedies?
Damages
Forfeiture
Foreclosure
Rescission z- zcorrect zanswer. z z z zForfeiture
Which zof zthe zfollowing zis za zdisadvantage zof zusing za zland zinstallment zcontract?
A zland zinstallment zcontract zdoes znot zattract zenough zbuyers.
zA zland zinstallment zcontract zhas zno ztax zadvantages zfor zthe zseller.
zThe zseller zincurs za zhigh zrisk zof zdefault.
zThe zseller zloses zall zthe zincidents zof zlegal zownership. z- zcorrect zanswer. z z z zThe zseller
zincurs za zhigh zrisk zof zdefault.
,Mr. zAnderson zenters zinto za zland zcontract zwith zMs. zJohnson z(the zbuyer) zfor zthe zsale zof
zBlackacre zat za zprice zof z$50,000. zAnderson zmakes zpayments zon zthe zcontract ztotaling
z$25,000. zBecause zof zthe zexpansion zof za znearby ztown, zthe zland zis zworth z$100,000.
zWhat zis zthe zmost zthat zJohnson zcan zmortgage zthe zland zfor? z- zcorrect zanswer. z z z
z$25,000
A zland zinstallment zcontract zis zadvantageous zto zthe zbuyer zfor zwhich zof zthe zfollowing
zreasons?
It zis za zgood zway zto zacquire zencumbered zproperty.
zIt zis za zgood zway zto zobtain zfinancing zwithout zhaving zto zpay zinterest.
zIt zis zan zalternative zway zof zobtaining zmortgage zinsurance.
zIt zis zan zalternative zway zfor zthe zbuyer zto zobtain zfinancing. z- zcorrect zanswer. z z z zIt zis zan
zalternative zway zfor zthe zbuyer zto zobtain zfinancing.
The zact zof zcompensating zanother zin zthe zevent zof zloss zis zcalled
indemnification.
conveyance.
assignment.
redemption. z- zcorrect zanswer. z z z zindemnification.
If zthe zseller zin za zland zinstallment zcontract zdies
enforcement zof zthe zcontract zmay zbe zgreatly zcomplicated zand zdelayed.
zthe zcontract zis znot zenforceable zagainst zthe zseller's zheirs.
zthe zbuyer zautomatically zreceives zlegal ztitle zto zthe zland.
zthe zbuyer zencounters zno zpractical zproblems zin zenforcing zthe zcontract. z- zcorrect
zanswer. z z z zenforcement zof zthe zcontract zmay zbe zgreatly zcomplicated zand zdelayed.
Unlike zunder zan zordinary zreal zestate zpurchase zcontract, zthe zparties zof za zland
zinstallment zcontract
must zreside zin zthe zsame zstate.
defer zpossession zuntil zclosing.
form za zlonger zrelationship.
must zpossess zrequisite zcapacity. z- zcorrect zanswer. z z z zform za zlonger zrelationship.
If za zbuyer zof zreal zproperty zbreaches za zland zcontract zthat zhas zin zits zterms zan zenforceable
zforfeiture zclause, zall zof zthe zfollowing zare ztrue zexcept
If zsuccessful, zthe zseller zwill zbe zable zto zretain zall zprior zpayments zmade zby zthe zbuyer.
zThe zland zwill zbe zsold zto zsatisfy zthe zdebt.
zThe zbuyer zwill zlose zall zequity zin zthe zproperty.
zThe zseller zwill zbe zable zto zretake zpossession zof zthe zproperty. z- zcorrect zanswer. z z z zThe
zland zwill zbe zsold zto zsatisfy zthe zdebt.
,Which zof zthe zfollowing zis zNOT za ztypical zterm zof za zland zinstallment zcontract?
A zclause zthat zstipulates zthat zthe zseller zagrees zto ztender za zdeed zfree zof zall zliens zat zthe
ztime zof zthe zlast zinstallment
zA zclause zthat zconditions zthe zsale zon zthe zbuyer's zability zto zobtain zfinancing zthrough za
zbank
zA zclause zthat zmakes zthe zbuyer zresponsible zfor zmaintenance
zA zdown zpayment zwith zperiodic zinstallments z- zcorrect zanswer. z z z zA zclause zthat
zconditions zthe zsale zon zthe zbuyer's zability zto zobtain zfinancing zthrough za zbank
1. zRestrictive zcovenants zare zusually zplaced zin zthe
z a. zlocal znewspaper zat zthe ztime zof zthe zproperty zsale. z
zb. zcharter zof zthe zcommunity zenforcing zthe zcovenant. z
zc. zdeed zwhen zthe zproperty zis zconveyed zto zthe zbuyer. z
zd. zmortgage zand znote zrequired zby zthe zlender. z- zcorrect zanswer. z z z zc. zdeed zwhen zthe
zproperty zis zconveyed zto zthe zbuyer.
2. zCourts zdo znot zfavor zrestrictive zcovenants zbecause zthey
z a. zcause ztoo zmuch zlitigation.
z b. zare zdifficult zto zinterpret zyears zlater.
zc. ztend zto zperpetuate zpetty zbiases zof zsellers.
zd. zencroach zon zthe zfree ztransferability zof zland. z- zcorrect zanswer. z z z zd. zencroach zon zthe
zfree ztransferability zof zland.
3. zAccording zto zthe ztext, zone zof zthe zreasons zwhy zthe zneed zfor zrestrictive zcovenants zis
zdecreasing zis zthe
z a. ztrend ztoward zabsolute zownership zrights zin zland. z
z b. zwidespread zsupport zfor zcommunity zplanning. z
zc. zcourt's zgeneral zrefusal zto zuphold zsuch zcovenants. z
zd. zincrease zin zzoning zand zbuilding zcodes. z- zcorrect zanswer. z z z zd. zincrease zin zzoning
zand zbuilding zcodes.
4. zThe zbest zdescription zof zpolice zpower zis zthat zit zis
a. zthe zauthority zof zthe zgovernment zto zseize zland zfor zthe zpublic zgood.
b. zthe zpower zof zthe zpolice zto zarrest zpersons zfor zcriminal zactivity.
c. zthe zstate's zpower zto zregulate zto zprotect zthe zpublic's zhealth, zsafety, zand zwelfare.
d. za zconstitutionally zgranted zright zof zthe zstate. z- zcorrect zanswer. z z z zc. zthe zstate's zpower
zto zregulate zto zprotect zthe zpublic's zhealth, zsafety, zand zwelfare.
5. zIn zreviewing zthe zU.S. zSupreme zCourt's zanalysis zof zthe zregulatory ztakings zissue, zwhat
zword zbest zdescribe zits zunderpinnings? z
, za. zEfficiency
zb. zEconomics
zc. zPower
zd. zClarity z- zcorrect zanswer. z z z zb. zEconomics
6. zUnder zthe zpower zof zeminent zdomain, zthe zgovernment ztakes zthe zland zaway zfrom zits
zformer zowner. zBy zcontrast, zusing zpolice zpower, zthe zgovernment
za. zregulates zits zuse. z
zb. zoccupies zthe zland. z
zc. zrestricts zownership. z
zd. zsubdivides zthe zland. z- zcorrect zanswer. z z z za. zregulates zits zuse.
7. zA zcomprehensive zplan zis
z a. zclearly zdefined zby zlaw. z
z b. zprimarily zconcerned zwith zenvironmental zimpact. z
zc. zdecreasingly zbeing zused zby zstate zand zmunicipal zgovernments. z
zd. zan zattempt zto zset zgeneral zguidelines zfor zcommunity zdevelopment. z- zcorrect zanswer. z
z z zd. zan zattempt zto zset zgeneral zguidelines zfor zcommunity zdevelopment.
8. zAn zappropriate zuse zfor za zgrowth zmanagement zplan zis zto
z a. zshift zgrowth zto zsurrounding zcommunities. z
zb. zavoid zhaphazard, zuncontrolled zgrowth. z
zc. zkeep zcommunities zfrom zbecoming zeconomically zmixed. z
zd. zinsulate zthe zcommunity zfrom zthe ztax zburden zcreated zby zgrowth. z- zcorrect zanswer. z z z
zb. zavoid zhaphazard, zuncontrolled zgrowth.
9. zAn zenvironmental zimpact zstatement zis zusually zused zto
z a. zprovide zdecision zmaker zwith zinformation znecessary zto zmake zdecision. z
z b. zprotect zdevelopers zfrom zlawsuits. z
zc. zdirectly zdetermine zwhether zto zproceed zor zabandon za zdevelopment zproject. z
zd. zgather zinformation zabout zsite zin zencyclopedic zform. z- zcorrect zanswer. z z z za. zprovide
zdecision zmaker zwith zinformation znecessary zto zmake zdecision.
10. zResponsibility zfor zpreparation zof zan zEIS zlies zwith zthe
za. zdeveloper.
zb. zultimate zpurchaser.
zc. zgovernment zagency. z
zd. zbuilder. z- zcorrect zanswer. z z z zc. zgovernment zagency.
1. zPersons zin zwhich zof zthe zfollowing zbusinesses zshould zbe zconcerned zabout zthe zliability
zprovisions zunder zCERCLA?
za. zBanking
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