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Real Estate CE 45 hour post licensing Questions And Answers Graded A+ 2024/2025
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Real Estate CE 45 hour post licensing Questions And Answers Graded A+ 2024/2025
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Real Estate CE 45 hour post licensingA settlement that violates a rule intended for the safety of personal parties, as while a party
lacked ability or did now not provide unfastened consent on the time the agreement become
made is said to be: - ANSrelatively null
If a court is known as upon to determine the motive of the events to a agreement based
totally upon the language within the settlement, the courtroom will interpret the settlement
_____ the party that did not draft it. - ANSin prefer of
Another, greater not unusual, name for a mandate or procuration is: - ANSPower of attorney
Regarding damages as specified in a settlement, the right to unique performance and
different remedies may be managed by using the: - ANScontract
Is it permissible for a Trustee to shop for, promote, or loan immovable belongings for the
consider? - ANSYES, so long as the trust file does no longer limit such an act
Fill inside the clean with the appropriate solution to this declaration: In a settlement wherein
one birthday celebration obligates himself to any other without obtaining any advantage in go
back, the agreement is called: - ANSgratuitous
Redhibition issues: - ANSthe situation of the assets
A(n) __________ is an agreement in which a celebration promises now not to promote a
thing without first presenting it to a sure individual. - ANSRight of first refusal
Unless otherwise stipulated, the time for acceptance of a right of first refusal is: - ANS30
days
Parties may additionally stipulate the damages to be recovered in case of nonperformance,
defective overall performance, or postpone in overall performance of an obligation. These
are known as: - ANSLiquidated damages
Under the concept of "Fitness for Use," some thing bought must be in shape for its: -
ANSOrdinary use
A consumer organisation settlement is an settlement among: - ANSa broker and a customer
What eventually takes place to the deposit given whilst a purchase settlement is performed?
- ANSWhen the sale closes it's miles given to the seller as a part of the purchase price.
Fill in the blank: Regarding a agreement wherein both events are in errors ("mutual errors"
by both Buyer and Seller) then courts are much more likely to furnish ________of the
contract. - ANSrescission
, What is a juridical man or woman? - ANSAn entity to which the law attributes personality,
inclusive of a business enterprise or a partnership.
In Louisiana, majority is attained upon attaining the age of: - ANS18 years
In instances involving an unemancipated minor, a(n) ______may be required. - ANStutorship
A nominate settlement is one which: - ANSHas a selected call, together with sale, hire and
so forth.
Typically, Options and Rights of First Refusal may not be granted for a time period longer
than: - ANS10 years
What happens if building regulations (CC&Rs) are not recorded? - ANSSubsequent owners
aren't tormented by the restrictions if they may be now not recorded
When have to a consumer offer a deposit while writing a purchase agreement? - ANSNever
A(n) __________ is a contract that offers a celebration the right to simply accept an offer to
sell or buy a issue inside a stipulated time. - ANSOption
True or False: Sellers of commercial property aren't obligated to make environmental or
wetlands disclosures? - ANSTrue
An duty is a prison dating wherein a person, referred to as the_____, is certain to render a
performance in favor of any other, called the_____. Performance may include giving, doing,
or now not doing some thing - ANSobligor, obligee
Just as obligations are extinguished through performance, they're __________by a party's
failure to carry out. - ANSbreached
Most purchase agreements fall into which of the subsequent categories? - ANSPrivate
signature
Properties are often purchased concern to re-zoning or re-subdividing. Which birthday
celebration is generally chargeable for signing to permit re-zoning or re-subdividing? -
ANSSeller
The sale of an immovable does no longer affect 1/3 parties until ______. - ANSthe Act of
Sale is recorded inside the public data of the parish in which the immovable is placed.
Building restrictions can be enforced by using: - ANSmandatory and prohibitory injunctions.
The purchase settlement provides that the deposit can be in the form of a credit card,
however the card must be processed to guarantee it does now not exceed the credit score
restrict. - ANSFalse
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