1.Which of the following scenarios properly conveys title? a)A wife executes a deed on behalf of a...
Question:
1.Which of the following scenarios properly conveys title? a)A wife executes a deed on behalf of a husband who is living in another state. b)A seller, recuperating in the hospital, grants a power of attorney to the seller's spouse, allowing the spouse to execute the deed. c)A probate proceeding confirming a will. d) wife obtains a notarized statement authorizing the sale.
2.A seller, pleased with the performance of a listing salesperson, wants to give the salesperson a $500 gift certificate. The salesperson does not have written authorization of the broker. In this situation, the salesperson MUST: a)accept the gift certificate because it is not cash b)not accept the gift certificate because the value is over $100 c)not accept the gift certificate if the salesperson is a dual agent d)direct the gift certificate to the salesperson's broker
3.A buyer purchases a property with an individual sewage treatment system that the seller misrepresents as compliant. The statutory period during which a buyer may bring action against the seller begins on the date of the: a)purchase agreement b)property closing c)defect's discovery d)property's first being offered for sale