Question 21

An express contract

-must be in or writing

-Is a verbal contract only

-May be in writing or verbal

-None of the above

Question 22

A fidelity bond may be required by the Department of Corporations and must provide coverage for each officer, director,trustee and employee of not less than

-$50,000

-$100,000

-$125,000

-$150,000

Question 23

Homeowners Associations exist in

-4 unit buildings

-Condominiums

-Tenants in common

-Coop apartments

Question 24

-If "hostile" occupancy of a property occurs, that is without the expressed permission of the property owner of record, title may be acquired after

-Two years of such open and notorious use

-Three years of such open and notorious use

-Four years of such open and notorious use

-Five years of such open and notorious use

Question 25

-The federal Submerged Lands Act of 1953 granted coastal state ownership of lands and resources within

-Tidelands and submerged waters

-Submerged waters

-inland lakes

-Rivers and streams

Question 26

The property's legal description may be represented in one of several different ways. Which of the following is NOT one of them?

-Lot and tract

-Township and Section

-metes and bounds

-Assessor's Parcel Number

Question 27

The north-south line that runs through the survey's initial point is called the

-Prime Meridian

-Principal Meridian

-Base Line

-Prime Line

Question 28

A mile is

-5280 square feet

-5560 square feet

-5640 square feet

-5820 square feet

Question 29

The responsibility of the escrow holder regarding structural pest control inspections includes

-Filing the report with the state

-Issuing a report of Work Completed.

-Obtain a second opinion regarding work and the cost to do it

-Provide an accurate accounting of the allocation of the cost of work required between buyer and the seller

Question 30

A vertical column of townships in the PLSS is called a

-Plain

-Section

-Range