Rockwell cram - Study guides, Class notes & Summaries

When homes in a new development are sold, a $2,000 fee is charged to the buyers. This fee covers the homeowners association dues for the first year. HOA dues for each subsequent year are $1,000. In the development's first year, ten homes are sold. Ten more are sold the second year. Assuming that the HOA's account had no disbursements or expenses (and ignoring any possible contributions from the developer), what is the balance of the account after two years? - $50,000 Teresa gives her lit...

Which of the following people might bring a suit for specific performance? - A buyer in a real estate transaction in which the seller backed out one day before closing Once a lender issues a veteran a VA-guaranteed loan, the veteran: - immediately becomes liable for the guaranteed amount A property manager decides to offer some additional services beyond what is specified in the property management agreement. She may do so after: - the management agreement is amended in a writing ...

Tina is representing the buyers in a transaction; she described the property's boundaries to her clients without clarifying that she was not sure that the boundaries were exactly precise. The buyers, upon taking possession, built a fence along the boundaries that she described, but the neighbors then filed suit because the fence didn't follow the actual boundaries and encroached on their land. Can Tina be held liable for misrepresentation? - Yes, because she reasonably knew that the describ...

Rockwell cram exam 1 with complete solutions

Rockwell Cram Exam #2 with complete solutions

Rockwell Cram Exam #4 Questions and Answers 2023

Rockwell Practice #1 Cram Questions and Answers 100% CorrectRockwell Practice #1 Cram Questions and Answers 100% CorrectRockwell Practice #1 Cram Questions and Answers 100% CorrectRockwell Practice #1 Cram Questions and Answers 100% CorrectRockwell Practice #1 Cram Questions and Answers 100% Correct A seller wants to net 60,000 from a transaction, but will have to pay off the mortgage and other fees, at a total cost of 180,800. The seller will also need to par 7% commission. What will the pro...

Rockwell Practice #1 Cram Questions and Answers 100% Correct Rockwell Practice #1 Cram Questions and Answers 100% Correct Rockwell Practice #1 Cram Questions and Answers 100% Correct Rockwell Practice #1 Cram Questions and Answers 100% Correct A seller wants to net 60,000 from a transaction, but will have to pay off the mortgage and other fees, at a total cost of 180,800. The seller will also need to par 7% commission. What will the property need to sell for - ANSWER-260,000 The IRS issues ...

Rockwell cram exam 1 2024/2025 with 100% correct answers