David Saks: April 2010

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 642

                                                            #642

A house was built on top a pile of manure.

The ceilings of the home we're also poorly constructed and poorly attached to any supporting members or beams.

This would be considerd an example of a stigmatized property ?

True or false ?

wildlife

A. False

If the house was constructed on top of a pile of manure and the ceiling construction was garbage, this would be considered an example of latent defects in the property.




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • April 26 2010 02:57PM
Real Estate Practice : Lesson 642
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#642 A house was built on top a pile of manure. The ceilings of the home we're also poorly constructed and poorly attached to any supporting members or beams. This would… more
Real Estate Practice : Lesson 641
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#641 A buyer inquired as to whether or not a city landfill was going to be constructed on an adjacent lot in a new subdivision. The seller's agent replied that she didn't know even… more
Real Estate Practice : Lesson 640
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#640 A buyer paid $460, 000 for the house. The lot was valued at $65, 000. The mortgage was for $200, 000. After all is said and done, how much equity does the homeowner… more
Real Estate Practice : Lesson 639
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#639 Homeowner's purchase homkeowner's insurance because they know that homeowner's insurance will replace old furniture and roofs when these things need replacing. True or false &… more
Real Estate Practice : Lesson 638
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#638 A homeowner's house was constructed in such a way so that the floor of the house was built nearly two feet above a one hundred year old flood mark. The homeowner wants to apply for… more
Real Estate Practice : Lesson 637
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#637 A mortgage broker told a homeowner that he could deduct the appraisal fee from his annual gross income for income tax purposes. Is this true or false A. False … more
Real Estate Practice : Lesson 636
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#636 A homeowner insurance policy contained a provision for coinsurance along with coverage that insured the home for total replacement cost. The home burned down and the… more
Real Estate Practice : Lesson 635
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#635 A developer built a highrise building in the greater Memphis metropolitan area. This highrise includes residential units, office space and retail stores and is considered to… more
Real Estate Practice : Lesson 634
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