WHich of the following will produce the highest MAP?

Which of the following is not a formal part of a deed?

The statute of limitations for an action on a present covenant begins to run at the time the deed is delivered.

Which of the following deeds are typically quitclaim deeds?

The covenant of respondeat superior is ____________________.

Jessica owns a home in Florida. Jessica prepares a deed to the home with Jessica’s adult daughter, Christine, as the grantee. Jessica signs the deed and has her signature witnessed and notarized in full compliance with Florida law. Jessica never tells her daughter about the deed and stores the deed unrecorded in her bank safe-deposit box. Jessica has the only key to the box. Based upon this information, who is the owner of the home? Explain your answer.

Estoppel letters benefit the sellers of real property.

Under an exclusive listing, an owner hires only one broker to assist in the sale of the real property.

Which of the following cannot be added to an owner’s basis in a home?

The covenant of warranty is _________________________.