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Real Estate Law
Quiz 1: Sources of Real Estate Law
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Question 81
Essay
The following statute has been passed in one of the fifty states: Anyone openly and notoriously cohabitating in any premises with a person of the opposite sex other than his or her spouse shall be subject to conviction and punishment under the classification of Misdemeanor 1. To whom does this statute apply? Discuss each of the following categories of people in light of the statute's probable intent. a. Families with male and female children b. A brother and sister sharing an apartment while attending college c. A niece residing temporarily with an uncle d. A woman living with her male companion
Question 82
Essay
Trevor Hammell wishes to form a real estate syndication for the purpose of buying and developing a parcel of land located near the announced location of a multi-regional shopping mall. Trevor has in mind that he will sell limited partnership interests in the firm to people in Arizona (where the mall is located) and in several other nearby states. Trevor is curious about the nature and types of laws that will affect his proposed project. Provide him with a list of relevant laws.
Question 83
Essay
A state has just passed a statute that eliminates the hearing required before a mortgage foreclosure sale. Are there any problems with such a statute?
Question 84
Essay
Give three examples of private law.
Question 85
Essay
Describe the relationship between the Code of Federal Regulations and the United States Code.
Question 86
Essay
Kay Winans purchased a home in a subdivision being developed by Trammer Homes. When the subdivision was half‑constructed, Trammer Homes pulled out of the project and sold the remaining land to a townhome developer. Kay feels only single‑family homes should be built in her subdivision. What sources of law would help Kay resolve her questions?
Question 87
Essay
Alice Barker's home on two acres of land is located in an area where the state has proposed construction of a freeway off-ramp. The state has offered Alice $200,000 for her property. Alice believes the market value is $375,000. Alice has the following questions she would like you to answer. a. Can the state take her land? b. Does she have a way to present what she believes the value to be? c. Where can she find the law applicable to this proposed action by the state?
Question 88
Essay
Describe how the U.S. Constitution applies to real estate transactions. How does it relate to other sources of law?
Question 89
Essay
The Economic Development Corporation of Bramblewood has proposed giving tax breaks to the Bass Pro Shop in order to lure it, as it were, to Bramblewood for the construction of one of its largest stores. Beau Radley, a devoted fisherman, but low-tax advocate, objects to the tax break. Also, Beau notes, the area for the proposed facility has industrial, not commercial zoning. Provide a list of the areas of law Beau should check to determine authority and rights in this situation.
Question 90
Short Answer
Classify the following laws according to their sources: a. Internal Revenue Code b. Judicial interpretation of rent statute c. Interstate Land Sales Full Disclosure Act d. Uniform Partnership Act e. Broker licensing provisions