Need Assistance with Real Estate Questions!?
I am taking a real estate class in college just for the units, not pursuing real estate. There was 35 questions to this assignment, and these are the ones I need help with, any of them would be nice, dont have to answer them all!
7. Calculate how many acres are included in the lot. (1 pt)
N1/2 of the NE ¼ of the S1/2 of the SE1/4 of the NW 1/4 of Section 20, T10N, RW6, San
Bernardino Baseline and Meridian
12. A lot is 215 feet long and 109 feet wide. Approximately how many acres are in the lot? (1 pt)
3. Give an example of a voidable contract and explain who has the right to void the contract & why (up
to 2 points)
9. Give an example of a general, involuntary lien you might see on a preliminary title report.
15. Identify & explain the purpose of one (1) specific type of disclosure form required under California
law in a residential sale. You cannot use agency disclosure or HOA disclosures.
26. Miguel purchased a condo for $546,000. How much was the documentary/county transfer tax?
17. Stefan bought Pablo’s house on October 15, 2013. The sales price was $850,000. The assessed value was $500,000. (Up to 3 points – you must show your math calculations for full credit)
Who received the property tax credit in escrow?
How much was the credit?
18. Describe one material fact about your own home that you would have to disclose to a buyer if you were selling – if you’re renting, pretend you own the place.
Thanks!