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what happens with material facts discovered after closing for the
buyer? - correct answer -the buyer no longer has the right of rescission
after closing
when does a broker enter into a buyer agency relationship? - correct
answer -when they agree to show the buyer another broker's listings
UNLESS the broker already has an agreement to represent the someone
else
in Washington when is a buyer's agency relationship created? - correct
answer -when the licensee performs any RE brokerage services for a
buyer, unless there is a written agreement tot he contrary
mineral rights are always - correct answer -separable and divisible
,what is the purchaser of a life estate getting? - correct answer -they are
not buying a fee simple absolute interest in the property but rather only
the life estate held by the seller which will end at the end of the life
estate's measuring life
quitclaim deed convey's - correct answer -the grantor's interest in a
given property at the time the deed is executed, w/o warranties
an unreleased lien is - correct answer -a cloud on title
a parcel occupies the NW 1/4 of the SE 1/4 and the S 1/2 of the SW 1/4
of the NE 1/4 of section 4. how many acres? - correct answer -60
a corporation takes title to real property through - correct answer -
estate in severalty
, when can a minor enter into a binding contract - correct answer -if a
guardian co-signs
oral agreements in the sale of real property - correct answer -
unenforceable, it violates the statute of frauds
1 section = ? - correct answer -1 sq. mile & 640 acres
tenancy in common - correct answer -right of survivorship
joint tenancy - correct answer -rights pass to the other joint owners
easement in gross - correct answer -not insurable, "personal"
easement, not dominant