Sales general stringham - Study guides, Class notes & Summaries

Which of the following is NOT true about a sale and leaseback of a commercial property? (a) Seller frees up funds (b) Ownership does not actually transfer (c) Buyer can deduct depreciation from his taxes (d) Seller is able to deduct rent payments from his gross income - Ownership does not actually transfer Which is not correct about PMI? (a) To request cancellation of PMI, you must be current on your loan. (b) For "high-risk loans" lenders are required to automatically remove PMI when ...

A broker found a ready willing and able buyer to purchase seller bonds house at the listing terms before agreeing to the sale seller bond introduced a new restriction stating that the sale could only be completed if the buyer agreed not to build a tennis court on the property the buyer refused and withdrew from the negotiations is the broker entitled to a commission a. no, because seller bond never accepted the buyers first offer b. yes, because the seller can change the terms in a listing ...

A particular parcel was zoned residential, single family and was surrounded by others zoned the same. That parcel was rezoned commercial so a convenience store could be built. This is an example of: a) Legal non-conforming use b) Defeasible fee estate c) Spot Zoning d) Variance -:- c) Spot Zoning Z listed the property. When the buyers expressed interest in seeing it, Z disclosed they would have no representation and the buyers agreed in writing. When writing the offer, the buyers ...

Under the law of emblements, which of the following situations is true? (a) The seller deeds the property to the buyer but has rights to the crop. (b) The buyer gets the land, the seller gets the farm house. (c) The buyer gets everything, and after harvesting the crop, gets the profits from it. (d) Everything goes to the buyer and the seller has no further rights to anything on the property. -:- The seller deeds the property to the buyer but has rights to the crop. When a listing is t...