Vendee - Study guides, Class notes & Summaries

Abstract of Title A summary and certification by the abstractor of the history of the title to property form the original grant through all subsequent conveyances. Acceleration Clause The clause in a mortgage or deed o trust that can be enforced making the entire debt due immediately upon default of the borrower. Acceptance The expression of the intention of the person receiving an offer (offeree, usually the seller) to be bound by the terms of the offer. Accession Obtai...

2024 Louisiana Notary Exam Part 1, Louisiana Notary Prep NEWEST 2024 ACTUAL EXAM 576 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ASNWERS) |ALREADY GRADED A+ Pact de non Alienando - Answer- Clause contained in the mortgage or other encumbrance agreement whereby the obligor agrees not to sell, engage, alienate or mortgage the same property to other persons to the prejudice of the mortgage Corporate Resolution - Answer- An official written certificate of the corporations secretary that...

Pact de non Alienando - ANSWER-Clause contained in the mortgage or other encumbrance agreement whereby the obligor agrees not to sell, engage, alienate or mortgage the same property to other persons to the prejudice of the mortgage Corporate Resolution - ANSWER-An official written certificate of the corporations secretary that the resolution was adopted by the corporations board of directors Confession of Judgment - ANSWER-A person's agreement in a mortgage to the entry of judgment if he ...

Hawaii Real Estate Review Quiz 2 with 100% Correct Answers Under a net lease, a tenant is least likely to pay A) Taxes B) Utilities C) Insurance D) Mortgage amortization - Correct Answer ️️ -D) Mortgage amortization A recapture clause is usually used in what type of lease A) Net Lease B) Gross Lease C) Percentage Lease D) Business Lease - Correct Answer ️️ -C) Percentage Lease Under Hawaii's Land Use Code, land is classified into Urban, Agricultural, and Rural and A) Comme...

Acceptance - ANSWERthe action of consenting to receive or undertake something offered agreements for deed - ANSWERa type of seller financing in which the borrower/buyer makes payments to the seller/lender until an agreed upon amount has been paid and the seller/lender then delivers the deed to the buyer breach of contract - ANSWERThe failure, without legal excuse, of a promisor to perform the obligations of a contract. Closing - ANSWERa meeting of the seller, the buyer, and the lender o...

National Real Estate Exam Prep Questions and Answers Graded A+ Unilateral Contract Contract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract Contract containing TWO promises. Example: A listing agreement is a bilateral contract Client/Principal A person who has entered into an agency relationship w/ a licensee & with whom there is a written contract Customer Any 3rd party w/ whom a licensee works In-Company Transaction Tr...

2024 Louisiana Notary Exam Part 1, Louisiana Notary Prep NEWEST 2024 ACTUAL EXAM 576 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ASNWERS) |ALREADY GRADED A+ Pact de non Alienando - Answer- Clause contained in the mortgage or other encumbrance agreement whereby the obligor agrees not to sell, engage, alienate or mortgage the same property to other persons to the prejudice of the mortgage Corporate Resolution - Answer- An official written certificate of the corporations secretary that...

N7. The instrument that the purchaser gives promising to pay back a loan is a: A. Mortgage B. Lien C. Deed of trust D. Note - ANSWERSD. Note. The promissory note, often called the "note," is the promise made by the buyer to the lender to repay the loan. N7. Who must sign the mortgage and the note? A. Mortgagor B. Mortgagee C. Trustee D. Beneficiary - ANSWERSA. Mortgagor. The borrower is the mortgagor. Remember borrower and mortgagor. N7. Who gives real estate as security for ...

NYREI Terms Exam Questions and Answers Accession - CORRECT ️️ Gives property owners the right to everything produced by their land Accessory Apartment - CORRECT ️️ an apartment within a single family dwelling Accord and Satisfaction - CORRECT ️️ an agreement to accept something different (usually less) from what the original contract required Accretion - CORRECT ️️ the gradual addition of land by the forces of nature actionable fraud - CORRECT ️️ fraud meeting certain...

MD Real Estate PSI National Exam 2 Latest Update Graded A+ A person with impaired mobility was renting a unit in an apartment complex. Half the units had been assigned parking spaces near the door; the other half had not. The owner may charge extra money to the handicapped person for providing the parking space near the door. must take a vote of all tenants to see if they want to allow the handicapped person a parking space. must give a parking space near the door to the handicapped ...