Gold Coast Real Estate School Already Passed

Estate in Severalty {Ans: Is sole ownership of an entire bundle of rights, no co ownership}Statute of Limitations {Ans: Provides time limits during which parties are allowed to bring action to enforce their rights under a contract.}Constructive notice {Ans: Also called legal notice, anything recorded in public record. Documents are recorded in the Office of the Clerk of the circuit court in the county where the property is located.}Using lotteries {Ans: A broker who uses lotteries or trading schemes that involves the selling of certificates or chances to induce any person to buy real estate is guilty of fraud.}Branch Office Requirements {Ans: Page 72-20-22, 25-27}The Recovery Fund {Ans: Is maintained by fees and fines paid by licensees.}