Gold Coast Final Exam Questions with verified Answers
1. actual notice--correct answer-- own it
2. Constructive notice--correct answer-- record something in public
records
3. How Is Real Estate Recovery Funded ?--correct answer-- by fees &
fines
4. Eminent Domain--correct answer-- government has right to take
away public use citizens can'trefuse to sell)
5. immune properties--correct answer-- government owned
6. lot & block--correct answer-- residential sub-division surgery system
7. Metes and Bounds--correct answer-- oldest method of land
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, description & provides the mostaccurate type of legal descriptions
8. What does the Real estate recovery fund do ?--correct answer--
reimburse members of thepublic
9. what is a township...--correct answer-- a township is 6 miles square
contains 36 square miles
10. Each township contains acres--correct answer-- 640 acres
11. How many square feet are in an acre?--correct answer-- 43,560
12. kickbacks are illegal unless..--correct answer-- someone has a
licensed
13. Offer and Acceptance--correct answer-- Meeting of the minds or
mutual agreement- all partiesconcerned understand and agree to all
the terms of the contract
14. Overimprovement--correct answer-- An addition or change to
property not in line with its highestand best use
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