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부동산

Chapter 22 Conclusion

2019.03.26 23:15 Views : 102

Chapter 22 Conclusion

This concludes Chapter 22. Below is a brief summary which you can review before you take your chapter quiz. 

Real estate brokerage involves the agency that is directed primarily toward the sale or managing of real property, FOR COMPENSATION.

A notary must be certain that the person personally appears and provides acceptable forms of identification. A notary public's journal include the right thumb print of a person signing a deed affecting real property. 

A real estate licensee must ALWAYS disclose to her principal any material fact the agent knows which will affect the principal's decisions in a transaction. 

A mobile home park with five or more lots for sale or lease is legally considered a subdivision.

To convert a mobile home into REAL PROPERTY:

  1. The mobile homeowner must obtain a building permit and a Certificate of Occupancy.
  2. The mobile home must be placed on a permanent foundation;
  3. A document stating that the mobile home has been attached to a permanent foundation must be RECORDED.

Legal requirements for mobile homes:

  1. Real estate licensees may sell USED (never NEW) mobile homes ifthese homes have already been registered and are on a lot or park.
  2. The mobile home MUST BE capable of being transported over a road.
  3. A notification must be made within 10 days of the sale date. Mobile homeowners must pay an In Lieu Tax

Real estate licensees may have their licenses suspended or revoked when not providing the property certificate of ownership of a mobile home; and other illegal acts.

A mobile home park landlord may terminate the tenant if the tenant doesn’t comply with state laws/mobile home park’s rules and regulations.

Mineral, oil, and gas subdivisions are those created for the sale, lease, or financing of 5 or more speculative parcels of land for mineral, oil, or gas purposes. A real estate licensee does not need a specialized license to work with MOG transactions.

real estate broker is considered a principal when:

  1. Buying/leasing mineral, oil or gas property for the purpose of exchange of a lease of the property;
  2. Offering mining claims, or any interest, for sale or assignment.
No. Subject Date Views
Notice 부동산 용어사전 2019.04.15 2160
Notice 부동산 용어 (A to Z) 2019.03.03 1394
141 민사소송 소멸시효 (Statute of Limitations) 2019.04.02 112
140 FINAL TEST 1 (50-CORRECTION) 2019.04.01 14997
139 Order of payments in foreclosure 2019.04.01 108
138 Appraisal steps in order 2019.04.01 85
137 FINAL TEST 1 (50) 2019.04.01 4757
136 Natural Hazards Disclosure Act 2019.04.01 126
135 Leasehold Estates in Real Estate 2019.04.01 120
134 Wrranty Deed는 여섯 가지의 Covenant을 포함 2019.03.31 82
133 Settlement-Statement Worksheet 2019.03.27 128
132 TEST 27 2019.03.27 325
131 Chapter 27 Conclusion 2019.03.27 141
130 TEST 26 2019.03.27 135
129 Chapter 26 Conclusion 2019.03.27 73
128 TEST 25 2019.03.27 116
127 Chapter 25 Conclusion 2019.03.27 131
126 TEST 24 2019.03.27 128
125 Chapter 24 Conclusion 2019.03.26 90
124 TEST 23 2019.03.26 79
123 Chapter 23 Conclusion 2019.03.26 63
122 TEST 22 2019.03.26 106
» Chapter 22 Conclusion 2019.03.26 102
120 TEST 21 2019.03.25 129
119 Chapter 21 Conclusion 2019.03.25 77
118 TEST 20 2019.03.25 128
117 Chapter 20 Conclusion 2019.03.25 80
116 TEST 19 2019.03.25 267
115 Chapter 19 Conclusion 2019.03.25 75
114 TEST 18 2019.03.23 615
113 Chapter 18 Conclusion 2019.03.23 184
112 TEST 17 2019.03.23 235