Gold Coast Real Estate Study Guide Questions And Correct Answers

External obsolescence {Ans: Dirty home or bad neighbor can be an example of an}Limited partnership {Ans: Whoch of the following may register with the Dept to perform brokerage services}Residential zoning {Ans: Based on density, density limits the number of dwelling units that are allowed per acre}Surety bond {Ans: Posted with the clerk of the circuit court in the county in which the dwelling unit is loacted in the amount of the total security holdings or $50,000 whichever is less}statute of frauds {Ans: enacted in England in 1677 to provide protection against fraud in the sale of real property. It requires a contract for the transfer of a right or interest in land to be in writing in order to be enforcable?}True {Ans: When a deposit is placed, or is to be placed, with a title company or an attorney, the licensee who prepared or presented the sales contract must indicate on that contract the name, address, and telephone number of the title company or attorney with whom the deposit was placed (True or False)}