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18 Cards in this Set
- Front
- Back
Agency Contracts must be?
Must contain? |
1) in writing
2) a. name & address of broker, b.name of principal c. terms & cond., d. compensation amt. e. date f. exp. date g. type of agreement h. acknowlegement of FH laws i. signatures j. |
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property condition disclosue report
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sellers are required to disclose before any offer is made
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Hazardous Waste Law (Super Lien)
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nonres. prop. in CT
must b inspected, analyzed, treadted & cleaned if hazardous wastes exist |
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CT Advertising
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1) Broker's name
2) If other broker lists must give permission |
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CT Electronic Advertising
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1)salesperson's name & office address
2) broker name 3) staes where liscensed 4) date when prop. was updated |
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When can a Broker place a sign on a property? (2)
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1) permission
2) listing agreement |
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CT Tenants in Commoon
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conveyyance by deed to 2 or more people
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CT Joint Tenancy
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Hold equal & unequal shares of prop.
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What happens if a Join Tennant dies w/a lien on his share?
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Still a lien present
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IN CT do u need a 3rd party when conveying property to himself or others as joint tenants?
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no
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CT Tenancy Entirety
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doesn't exist
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Property Pertaining to marriage
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1) Aquired prior to marriage remain sep.
2) may aquire prop. w/others or eachother during marriage |
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Limited Liability Co. (LLC)
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1) doesn't limi owners to 35
2) combines the tax status of partnerships w/the limited liability of a corp. |
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CT Condominuim
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community where the units r owned sep. & the common areas r owned by all the unit owners together as tenants in common
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CT Cooperative
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all the real property is owned by an assoc. unit owners r members of the assoc. & have the right of exclusive possesion of a particular unit
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Planned Community (PUD)
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unit owners own their lots & an assoc. owns common areas
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Common interest Ownership Act
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declaration b filed & recorded in the land records of the town where the common interest ownership prop. is located. includes, co-ops, condos & PUDs
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How many days does a buyer have to cancel in a common interest contract?
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15 days after receiving public offering statement
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