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5 Cards in this Set
- Front
- Back
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a court action to clear a defect, cloud, or questionable claim against a title is called:
a. action to quiet title. b. lis pendens. c. partition suit. d. novation action |
a. action to quiet title.
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which of the following can be natural to the environment or human-made?
a. benchmarks b. metes and surveys c. old liens. d. monuments. |
d. monuments can be natural or human-made.
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using the gross rent multiplier method of evaluation, what would be the value of a three-family house that had an annual gross income of $40,000 if the average selling price of a three-family house in the community is $300,000 and the average annual gross income of the properties is $30,000?
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a. the gross multiplier is determined by dividing the average selling price by the annual income. $300,000/$30,000= gross multiplier of 10; gross multiplier of 10x$40,000=$400,000
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the typr of deed in which the grantee receives the premises with the promise that it will be free of any encumbrances is
a. a quitclaim deed. b. a warranty deed. c. a certificate of title. d. a trust deed. |
b. the seller grants the title to the grantee free of encumbrances.
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in a cooperative sales, what is the legal theory in which the principal may be held responsible for the acts of his or her agent and subagent?
a. caveat emptor b. vicariuos liability c. escheat d. licensee |
b. a principal may be held liable for the for the acts of his or her agents and subagents.
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