A property owner's fence extends beyond the property lines of the owner onto an adjoining neighbor's property. This would be considered an:
A. Easement and disclosed in a spot survey.
B. Easement and disclosed in a title search.
C. Encroachment and disclosed in a spot survey.
D. Encroachment and disclosed in a home inspection.
Answer: C. Encroachment and disclosed in a spot survey.
Business
You might also like to view...
Tom wants to clear $90,000 when he sells his property. He must pay a 7% commission, $250 in closing cost, and $300 to the attorney who assisted in the transaction. What should he sell the property for?
(a) $96,850 (b) $96,774 (c) $97,365 (d) $97,324
Business
Which of the following terms refers to the number of customers who have entered a market at a certain point in time?
A) current market potential B) market penetration C) maximum market entry D) market potential index E) rate of entry
Business