statutory laws Flashcards
What items cannot be deducted from a security deposit?
Normal Wear and Tear
Vacant land disclosures are required (unless the buyer waives the requirement):
Always
Megan’s Law is the name of a federal law and the informal name of susequent state laws made in response for:
The murder of Megan Kanka
The Cerified Real Estate Apprisal Act states that it is illegal to:
conduct the business or act in any capacity as a cerfied real estate appraiser for compensation without a license
If a client or customer asks you about sex offenders living in the area you should tell them:
To contact local law enforcement
The amount that an appraiser charges for his appraisal is established by?
Contract
A certificate holder is ______________ to pay subsueqent taxes
Under no Obligation
