Cam State Exam Study Guide Questions And Answers Latest Update 2024 (Verified Solutions)

90 days {Ans: A contractor has how many days to file a lien in the land records?}Security Deed {Ans: A security instrument which conveys title to the lender until the debt is satisfied. At which time the instrument is cancelled.}Covenants {Ans: A statement requiring that a particular property will or will not be used in a certain way}If there is a conflicting provision in an association's legal documents, which document controls? {Ans: Declaration}GC a and POAA Require how much notice for an annual meeting {Ans: 21 days}Covenants {Ans: A statement requiring that a particular property will (will not) be used in a certain way}Real and Personal Property {Ans: What are the two types of property?}Name the two duties a board member and officer over to the corporation {Ans: Duty of care and duty of loyalty}Broker, Salesperson, CAM {Ans: The 3 license options}Easement {Ans: The right to use the land of another for a particular purpose.}Bill of Sale {Ans: A document used to transfer ownership of personal property.}Laches {Ans: This defense may be asserted when an association is aware of a violation, allows the violation the be committed, and