REAL ESTATE TRIVIA

MICHIGAN ASSOCIATION OF COUNTY DRAIN COMMISSIONERS

REAL ESTATE TRIVIA

Alexis Vlahakis Cole, Vlahakis Cole Law Firm Bob Vertalka, Vertalka & Vertalka Real Estate Appraisers

February 14, 2019

macdc.us

MEET YOUR HOSTS, ALEXIS AND BOB

RULES OF THE REAL ESTATE TRIVIA GAME

? Form Teams of 10 or Less ? No Looking Up Answers on Phones ? No Stealing Other Teams' Members (the "Mike Gregg Rule") ? No Stealing Other Teams' Answers ? No Chit Chat ? Question Us Later ? No Dilly Dallying ? First Team with

Correct Answer Gets 3 Extra Pts.

QUESTION #1

10 pts

A Drainage District has entered into an agreement to buy a parcel of land. Which type of deed will typically provide the Drainage District with the most protection?

a. Special Warranty Deed b. Quit Claim Deed c. General Warranty Deed d. Fiduciary Deed

ANSWER TO QUESTION #1

10 pts

A Drainage District has entered into an agreement to buy a parcel of land. Which type of deed will typically provide the Drainage District with the most protection?

c. General Warranty Deed

QUESTION #2

What is an Easement in real estate?

9 pts

a. The right to use another's land for a stated purpose b. An acquisition of all property rights c. The taking of another's property without compensation d. The state or feeling of comfort and peace

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