Answered step by step
Verified Expert Solution
Question
1 Approved Answer
26.A building that has been grandfathered in as a nonconforming use is destroyed by a hurricane. Can the owner rebuild as the same use? A.
26.A building that has been grandfathered in as a nonconforming use is destroyed by a hurricane. Can the owner rebuild as the same use? A. Yes, because the nonconforming use, once granted, survives the destruction of the improvement. B. Y C. Yes, because the hurricane terminated the building but not the use D. Yes, the owner may rebuild if granted a special exception. 27. Which of the following gives the holder of an interest in property the right of survivorship? A. Tenancy in common B. Joint tenancv C. Trust D. Life estate 28. Which of the following statements about affiliated business arrangements in Colorado is TRUE? A. A broker's participation in an affiliated business arrangement does not require disclosure B. A broker is not in an affiliated business arrangement if the affiliation is that of a family member rather es, provided that the new building is exactly the same as the old building than of the broker personally C. The consumer cannot be required to use the affiliated business partner D. There must be at least a five percent direct beneficial interest for the affiliation to exist. 29. Which of the following would be a violation of the "Good Funds" law? A. A title company cuts a cashier's check for the seller's proceeds before receiving the wire of the loan proceeds from the lender. The check is put in the title company safe pending receipt of funds B. The day of closing, the lender notifies the title company it will wire funds at 10:00 a.m. The closing C. The title company pays a $25 fee to obtain a copy of a recorded instrument on behalf of the seller in D. There is a glitch in the closing and the transaction does not close on the scheduled day. The title agent s at 9:00 am., and the title company g ves a check to the seller at that time advance of closinsg immediately re-deposits the check intended for the seller 30. A lender wants to foreclose on a loan that is in default. Which of the following is the lender required to give the homeowner prior to foreclosure? A. Sixty days' notice before filing a notice of election or a demand letter B. Information about Colorado's foreclosure hotline C. D. Information about how the foreclosure will affect the borrower's credit. Separate warning letters for each missed payment on the same obligation
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started