Estate U Final Exam Questions And Answers Graded A+

OLD CAR {Ans: Obedience, Loyalty, Diclosure, Confidentiality, Accountability, and Reasonable Care}Deliver and Acceptance {Ans: After deed is deliverd and accepted, it has to be properly recorded}Estate for years {Ans: Non automaticlly reneable lease for a specific period of time}General Agent {Ans: Propety Manager. Authorized to transact every kind of businedd on behalf of principal}Easment {Ans: A right to cross someone elses propoerty to get to yours}Condominum {Ans: Real property wit hdeed}Property Management Report {Ans: Report by Property Manager outlinging expenses and incom e}Mandated Warranty - NYS General Business Lae 36 {Ans: workmanship 1 year, HVAC, plumbing etc 2 years, structural/material 6 years}Independent Contractor {Ans: Not an employee. Agrees to do something for someon else based on a contract. Does not have to work anywhere specifically and broker cannot control the person's activities}Sales Comparison {Ans: For typical resedential. Based on recent purchaes of like properties.}The Office of Receiver of Taxes {Ans: Collects Taxes}Variance {Ans: Something that differs from the typical rules of a particular zone}Radon {Ans: Oderless, colorless gas from soil, dirt, and rocks in certain parts of the country}Planning Board {Ans: Responsible for strategies and long-term