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

Estoppel letters benefit the sellers of real property.

Archie, who was old and feeble, wrote out a deed on his farm to Nancy, his favorite niece, and put it in his desk drawer. He later called Nancy to his bedside and told her that he wanted her to have the farm and that the deed was in the drawer. At Archie’s urging, Nancy took the deed and recorded it. After Archie’s death, his estranged son sued Nancy for quiet title to the farm, claiming that delivery had never occurred. Was there a valid delivery? Why or why not?

The doctrine of caveat emptor requires that a buyer bear the burden of examining and finding any defects in the condition of improvements on real estate that he or she purchases.

A real estate broker cannot represent both the seller and the purchaser in a transaction.

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?

Deeds are generally signed only by the grantor.

An open listing entered into between an owner and an agent precludes the owner from selling his or her own property.

A real estate broker can have only express authority.