Question

A loan originator ultimately decides if you qualify for a loan.

True
False

In a Defeasible fee Determinable Estate the future estate held by the grantor is known as a:

       
Possibility of Reverter

       
Executory interest

       
Right of Re-enrty

       
Possibility of Re-entry

Real property is land and anything permanently attached to the land.

True
False

A perils policy provides a home with coverage for an assortment of perils.

True
False

A Title is a term for ?

    1.  
A mortgage

    2.  
Proof that someone owns a piece of property and therefore has the right to sell it.

    3.  
an license to use property

    4.  
An estimate of the value of a piece of property

Answer 1

Answer to the questions:

Que 1

A loan originator ultimately decides if you qualify for a loan. TRUE

Que 2

In a Defeasible fee Determinable Estate the future estate held by the grantor is known as a: Right of Re-entry

Que 3

Real property is land and anything permanently attached to the land. TRUE

Que 4

A perils policy provides a home with coverage for an assortment of perils. FALSE

Que 5

A Title is a term for ?

Proof that someone owns a piece of property and therefore has the right to sell it.