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CE Shop Course 1 Final MN Questions Ad Answers With Verified Solutions Already Passed (GRADED A+)
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CE Shop Course 1 Final MN Questions Ad Answers With Verified Solutions Already Passed (GRADED A+)
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CE Shop Course 1 Final MN QuestionsAd Answers With Verified Solutions
Already Passed (GRADED A+)
which of the following is a benefit of a redeemable ground lease? - ANSWER✔✔
The Tenant can buy out the lease from the landlord
what term identifies real estate property required by either spouse during a
marriage to be considered community property? - ANSWER✔✔ community
property rights
what is the best description of a deed? - ANSWER✔✔ A document to transfer
ownership/interest in real estate.
Non-lawful possession after the expiration of a lease is called ______. -
ANSWER✔✔ estate at sufferance
a __________ gives the purchaser the right to possess the property at given times
for a given duration but doesn't convey ownership. - ANSWER✔✔ timeshare use
Estella is representing seller Margaret which of the following tasks is one that
Estella is required to perform as Margarets agent? - ANSWER✔✔ inform
Margaret about required property condition disclosures
which of the following is a type of sublime loan usually offered to consumers with
insufficient or marginal history? - ANSWER✔✔ qualified mortgage with the
rebuttable presumptions
, which of the following statements is true about ground water? - ANSWER✔✔ its a
source of drinking water
In Minnesota a party to a contract has ________ from the date of a contract breach
to sue the other party? - ANSWER✔✔ 6 years
What's an environmental impact statement? - ANSWER✔✔ A written statement
used to consider ways to minimize a project's negative impact on the environment
to calculate the down payment subtract the loan amount from the _____________?
- ANSWER✔✔ purchase price
What's the purpose of a quiet title suit? - ANSWER✔✔ Remove any claims
against the property's title.
The golden rule - ANSWER✔✔ provides guidelines for all personal and
professional ethical situations
What's true about protected groundwater? - ANSWER✔✔ many regulations are in
place
which of the following is considered a "responsible person" per Minnesota license
law? - ANSWER✔✔ the general partner of an LLP
which of the following describes amortized debt? - ANSWER✔✔ Debt that's paid
off by making periodic payments
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