True/False An action for specific performance is a lawsuit for equitable remedies. Venue refers to the authority of a court to hear a matter. A complaint for breach of contract.

 

True/False The bearing provides the measurement of the distance traveled. Range lines run in a north and south direction. A check is 6 miles square. An irregular-sized tract.

 

Quiz True/False A leasehold estate includes the right of exclusive possession. Historically, a lessor had no common law duty to keep common areas safe.

 

Quiz True/False Commercial landlords may provide more services for their tenants than are provided by residential landlords. Trade fixtures typically.

 

Quiz True/False Costs that vary according to the income generated are referred to as operating expenses. The higher the occupancy rate level needed.

 

Quiz Multiple Choice This lending source is a cooperative association that permits members to borrow money for both short-term and long-term.

 

Quiz True/False The mortgagee’s coverage on a title policy decreases as the loan balance is reduced. Standard exceptions to insurance coverage are found on the front.

 

True/False A letter requesting condominium transfer information may be signed by a paralegal. After closing, the seller receives the original seller’s affidavit. After.

 

Quiz True/False If personal property is to be sold with the real property, it should be included in the deed. The granting clause includes the legal description.

 

Multiple Choice The most important property inspections to be made by the buyer are: roof and termite inspections termite and plumbing inspections roof.

 

Quiz True/False The term “real estate agent” may refer to either a real estate sales person or a real estate broker. A special.

 

True/False A construction loan typically is of shorter duration than a permanent loan. The final advance of proceeds of a construction loan, including retainage;.

 

Multiple Choice An easement created when a person adversely uses the property of another for a statutorily specified time period is an appurtenant easement.

 

Quiz Multiple Choice The addition of land by the gradual deposit of waterborne materials on shore is called: accretion avulsion reliction none of the above.

 

Quiz True/False A declaratory judgment is an award of monies to a plaintiff if he/she wins the lawsuit. A judgment award in and of itself is not a lien. An order of final.

 

Quiz True/False A condominium association is organized as a not-for-profit corporation. The owner of a cooperative owns the interior of the unit and ownership of a cooperative is evidenced by a deed.

 

Quiz True/False Most contracts for sale and purchase mandate that the purchaser pay the balance of funds required to close by personal check. Interest.

 

RULES REVIEW I. Add the correct punctuation to each of the following sentences. 1. This 25 year old caucasian female who presents with a 2 week history of dyspareunia.

 

OVERVIEW OF REAL ESTATE LITIGATION ACTIONS PERTAINING TO CONTRACTS FOR SALE AND PURCHASE Action for monetary damages for breach of contract Damages for breach.

 

RULES REVIEW I. Add the correct punctuation to each of the following sentences. 1. This 25 year old caucasian female who presents with a 2 week history of dyspareunia.

 

MORTGAGE FORECLOSURES ARRANGEMENTS TO PREVENT FORECLOSURE Reinstatement of loan: An arrangement in lieu of foreclosure, whereby a borrower pays all delinquent sums and late.

 

Helpful Websites http://www. business. html http://www. business. html At this site is a list of items that should be included in a commercial.

 

Commercial Real Estate Closings Chapter Outline Overview Definitions Operating expenses: expenses incurred in maintaining and managing property. Sale-leaseback:.

 

Liens on Property Chapter Outline Definitions Lien: a claim against property that secures a debt incurred by the property owner. It acts.

 

Eviction Procedures Chapter Outline Actual Versus Constructive Eviction Actual eviction Definition: the bringing of a suit for possession of leased premises.

 

Residential Leases Chapter Outline Overview A lease serves two purposes: It operates as a contract, expressing the terms and conditions mutually agreed upon.

 

Legal Descriptions of Property Chapter Outline Types of Legal Descriptions Definition: legal description: a precise delineation of a specific parcel of real.

 

Deeds Chapter Outline Legal Requirements of a Deed Definitions Deed: a formal written instrument that conveys title to real property.

 

Basic Principles of Real Estate Law Chapter Outline Introductory Definitions Property: everything subject to ownership Tangible property: property the intrinsic.

 

Chapter 7 Helpful Websites http://www. abanet. html http://www. abanet. html The site of the American Bar Association’s Public Education Division provides.

 

Chapter 9 Helpful Websites The following is a state-by-state listing of sites that provide UCC lien searches, tax lien searches, or both. Note that.

 

WEB RESOURCES http://www. hud. cfm http://www. hud. cfm This section of the U. S. Department of Housing and Urban Development’s HUD’s site provides guidance on how to avoid foreclosure to homeowners.

 

Financing Chapter Outline Introduction The lender requires two things: a promise to repay the debt on agreed-upon terms and conditions evidenced in a written promissory.

 

Construction Loan Closings Chapter Outline Overview The purpose of construction loans is to fund the acquisition of land, the development and construction of improvements on the land,.

 

Helpful Websites http://www. lectlaw. com/def/d020. htm http://www. lectlaw. com/def/d020. htm The ‘Lectric Law Library Lexicon site defines the term “deed,” explains.

 

Chapter 3 Helpful Websites http://www. irs. ustreas. gov http://www. irs. ustreas. gov This Internal Revenue Service site has detailed information on income tax deductions.

 

Helpful Websites http://www. rentlaw. com/eviction. htm http://www. rentlaw. com/eviction. htm This site provides a brief overview of eviction and has links to state-specific.

 

Title Examination and Title Insurance Chapter Outline Overview When purchasing real estate, a buyer wants assurance that he/she.

 

Chapter 7 Helpful Websites http://www. abanet. html http://www. abanet. html The site of the American Bar Association’s Public Education Division provides.

 

Helpful Websites http://www. lawchek. htm http://www. lawchek. htm Lawchek provides basic information in a real estate format. It defines homestead and then.

 

Chapter Outline Overview Closing: the process of transferring documents and monies to compete a real estate transaction in accordance with the contract for sale.

 

The Basic Real Estate Contract Chapter Outline Introduction A contract is the blueprint for the entire real estate transaction. Outlines all agreements of the parties.

 

Categories of Real Property Chapter Outline Residential Property A. Considerations in purchasing Satisfactory financing Purchase price and other associated costs.

 

Helpful Websites http://www. nccusl. org http://www. nccusl. org This official site of the National Conference of Commissioners on Uniform State Laws provides.

 

http://www. hud. gov http://www. hud. gov The site of the U. S. Department of Housing and Urban Development includes a wealth of information and covers a multitude of topics, including information on fair.

 

Eviction Procedures Chapter Outline Actual Versus Constructive Eviction Actual eviction Definition: the bringing of a suit for possession of leased premises.

 

Ethics and Real Property Practice Chapter Outline I. Basic Ethical Principles Regulations that govern professional ethics 1. These regulations.

 

Chapter 14 Helpful Websites. freeadvice. freeadvice. This site is designed for consumers who have basic questions regarding commercial real estate.

 

Residential Real Estate Closings Chapter Outline Residential Closing Worksheet This worksheet allows the paralegal to have all pertinent information.