Mn real estate - Study guides, Class notes & Summaries

MN real estate Express Final Exam with complete solutions

MN real estate Express Final Exam

Granting Clause What's the name of the required clause in a deed that "grants" or "conveys"? Acknowledgment Granting clause Habendum clause Warranty clause encumbrance Liens and easements define different types of ____________. Credits Debits Encumbrances Mortgages The path of title ownership over time What does a chain of title document establish? A chain of past title liens An abstract of the title history The path of title ownership over time Whether the titl...

Bill of Sale What is used to transfer personal property Buffer Zone My be used to separate two incompatible zoning uses Certificate of Occupancy ... Appurtenances Are attached to and run with the land Real property Is the land, anything affixed to the land and rights and interests in the land and is conveyed by a deed Personal property (1) Includes all items not attached to the land that may or may not be conveyed when the property is sold. Each item of p...

Colibri Real Estate - MN Salesperson - Readiness Assessment Guide with Q & S 2024.Colibri Real Estate - MN Salesperson - Readiness Assessment Guide with Q & S 2024.Colibri Real Estate - MN Salesperson - Readiness Assessment Guide with Q & S 2024.

MN Real Estate Exam 2023

A broker receives an earnest money deposit from the buyer for an offer on a house. What must the broker do with the money? - Answer Deposit the money into the brokerage's existing non-interest-bearing escrow account for all such transactions. A buyer offers a stock certificate worth $12,000 in lieu of cash earnest money to the broker acting as the seller's agent. Can the broker accept the certificate? - Answer Yes, assuming the seller accepts the stock certificate. The stock certificate is ...

MN Real Estate State Test Practice Questions With Correct Answers!!

Real Estate Exam Review (MN and National) Rated A Attorney's Opinion of Title a written opinion by an attorney who will investigate to make sure that the seller of the property is indeed the owner, and whether there are any "clouds" on the title such as encumbrances, claims, or questionable interests. To render this opinion, the attorney will review a search of public records and examine the abstract of title, which is a written history showing transfers of ownership. exists in ...

MN Salesperson State Exam Questions and Answers Already Passed How many years shall a new home be free from defects caused by faulty workmanship and defective materials due to noncompliance with building standards? One year How many years a new home shall be free from defects caused by faulty installation of plumbing, electrical, heating and cooling systems due to noncompliance with building standards? Two Years How many years a new home shall be free from major construction defec...