Answer all 12 short answer questions by using full sentences.

Q1: Explain and evaluate the following types of legal documents: 1) Certificate of Title 2) Owners Corporation Certificate 3) Abstract of title 4) Deed 5) Notice of acquisition 6) Caveat 7) Covenant

Q2: Explain and evaluate the difference between a contract of sale signed in a private sale and an auction.

Q3: What is a Section 27 statement?

Q4: Who can enter into a Section 173 agreement?

Q5: What restrictions can a Section 173 agreement include? Provide three examples.

Q6: Define "conflict of interest" as it applies to estate agents and agents' representatives.

Q7: Explain the difference between direct interest and indirect interest of an estate agent in a transaction. Provide an example of each.

Q8: Provide a brief overview of Section 55 of the Estate Agents Act 1980.

Q9: Many legal documents require that an individual's signature be witnessed by another person. Who can witness a signature for a mortgage document?

Q10: Detail three key points in witnessing a signature.

Q11: Describe the insurance requirements of Section 11 of the Sale of Land Act.

Q12: Describe what title insurance is and in what circumstances would it be advisable for a purchaser to have it?