David Saks: May 2014

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 2699

   #2699

When a subdivision creates private restrictions in the declaration of Covenants, Conditions and Restrictions, or CC&R's, the restrictions are originally created when the subdivision was planned and are enforced by the developer.

Is this true or false ?

Take your time. The solution is posted below the wildlife photo.

wildlife

A. True

The CC&R's are established by the developer and the owners of the lots in the subdivision have an obligation to supoort them.




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • May 12 2014 06:08AM
Real Estate Practice : Lesson 2699
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#2699 When a subdivision creates private restrictions in the declaration of Covenants, Conditions and Restrictions, or CC&R's, the restrictions are originally created when the subdivision was planned and are enforced by the developer. &… more
Real Estate Practice : Lesson 2698
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#2698 If there is a cloud on a title, and it seems that it can't be cleared, a judicial proceeding takes place that decides ownership with a suit for the partition of the property in question. Is this true or false Take your… more
Real Estate Practice : Lesson 2697
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#2697 One of the main reasons why the grantee should see to it that the deed is recorded properly is to demonstrate that the deed was conveyed and accepted. Is this statement true or false Take your time. The solution is posted… more
Real Estate Practice : Lesson 2696
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#2696 If a will is written but there is no witness to the composition of the will this type of will is commonly referred to as a formally executed will. Is the description of this type of will considered to be a true or false description… more
Real Estate Practice : Lesson 2695
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#2695 If there just happens to be an unfortunate cloud on the title the cloud may be cleared by underwriting a title insurance policy. Is this true or false Take your time. The solution is posted below the wildlife photo. &… more
Real Estate Practice : Lesson 2694
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#2694 When a conveyance is undertaken, in order for the conveyance to take place the deed must be valid and must be recorded before the conveyance may occur. Is this true or false Take your time. The solution is posted below the… more
Real Estate Practice : Lesson 2693
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#2693 When a warranty deed is given to the purchaser of a parcel of real estate the warranty deed specifically warrants that the price paid for the property was within 5% of the actual market value of the property. Is this true or… more
Real Estate Practice : Lesson 2692
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#2692 If the government decides to transfer the title of property to a private party this is carried out by means of an instrument commonly known as a quitclaim deed. Is this true or false Take your time. The solution is… more
Real Estate Practice : Lesson 2691
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#2691 When real estate is transferred from one party to another the process is commonly referred to as the avulsion of quitclaim. Is this statement true or false Please take your time. The solution is posted below the… more
Mortgage Fraud Blog Report for May 9, 2014
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Mortgage Fraud Blog sends update emails once per week. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www. mortgagefraudblog. com Here's the latest from Rachel Dollar… more