Question
please help me to answer correct for the following questions from real estate bc : Goods which are ordinarily moveable, but which have been attached
please help me to answer correct for the following questions from real estate bc :
- Goods which are ordinarily moveable, but which have been attached to land or buildings are known as :
select one :
chattels
Fixtures
Real Property
Moveable Property
2 . A home owner may have his/her property taxes reduced if :
Select one :
He/she is the sole owner
He / she resides in the property
He / she rents the property
He/she is the landlord
3 . if the vendor is the mortgagee, then the situation must be :
select one :
Assumed mortgage
mortgage back to vendor
existing mortgage
N.H.A Mortgage
4 . Property taxes are determined :
select one :
monthly
annually
semi-annually
at sale
5 . If the purchaser assumes the vendor's mortgage, the vendor will
select one:
remain on title
become the mortgagee
Transfer his/her debt to the purchaser
Pay off his/her debt to the bank
6 . Undertaking should not be given by a lawyer unless he/she holds the monies in the
select one:
Firm's General account
Firm's trust account
Client's Account
None of the above
7 . P.I.D stands for : ....................................
8 . The length of time it will take to pay off a loan in equal monthly payments:
select one:
amortizations
limitation period
mortgage
statute of limitations
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