Legal Environment of Real Estate Assignment -
Examination Questions - Please READ the directions before Beginning this Midterm.
Q1. Please read Section 123 -131 and explain how Locke's views are reflected in the U.S. Constitution's 5th Amendment, 14th Amendment and Preamble. (Please specifically reference Locke 5, 14 and the Preamble).
Q2. (a) Explain why property rights are best understood as a "Bundle of Sticks." (b) Provide and explain three examples.
Q3. (a) What was the question on certiorari to the U.S. Supreme Court in The Village of Euclid Ohio v. Ambler Realty?
(b) What was the Supreme Court's holding (decision) in The Village of Euclid Ohio v. Ambler Realty?
(c) Explain, with reference to the case, why this holding was novel (a new idea).
Q4. Explain what the Supreme Court means in the Village of Euclid when the Court says "a degree of elasticity is thus imparted... to the application of constitutional principles."
Q5. Explain the difference between Euclidean Zoning and Form Based Zoning.
Q6. (a) What was the question on certiorari that the U.S. Supreme court considered in the Kelo case?
(b) What was the U.S. Supreme Court holding (ruling) in the Kelo case?
(c) Do you agree with the U.S. Supreme Court holding in Kelo? Explain why or why not, with reference to the readings.
Q7. Explain the differences between a judicial foreclosure state and a non judicial foreclosure state. (b) Which is Florida? (c) Explain why the difference matters.
Q8. Explain, what are the risks and rewards to a (i) Buyer (ii) Seller (iii) Lender and (iv) Real Estate Agent of a Buyer buying a property from a short sale.
Q9. Explain, what are the risks and rewards to a (i) Buyer (ii) Seller (iii) Lender and (iv) Real Estate Agent of a Buyer buying a property from a clerk of court auction in Florida.
Q10. Explain, what are the risks and rewards to a (i) Buyer (ii) Seller (iii) Lender and (iv) Real Estate Agent of a Buyer buying a REO property.
Q11. Explain, what are the risks and rewards to a (i) Buyer (ii) Seller (iii) Lender and (iv) Real Estate Agent a Buyer buying a Note (Promissory Note).
Attachment:- Assignment Files.rar