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Module exam: Advanced Notarial and Real Estate Transactions
16 questions · pass mark 70%
1. What does "concession" mean?
The first 50 m from high tide; it cannot be owned.
The 150 m strip after the public zone, granted by concession.
A government grant of the right to use public land for a period.
2. Which term matches: "The line reached by the highest ordinary tide."
coastal zoning plan
high-tide line
public zone
3. What should make clients cautious?
Low prices
Listings described as 'beachfront titled property'
Small lots
4. Measurements start from the ___ line.
high-sea
high-tide
shoreline tax
5. What does "unit" mean?
An individually owned part of a condominium (finca filial).
Areas shared by all owners.
Rules governing the condominium (reglamento).
6. Which term matches: "Periodic payments for maintenance (cuotas de mantenimiento)."
HOA fees
special assessment
common areas
7. What is the minimum rental period?
30 days
7 days
No minimum
8. The owners approved a special ___ for the roof.
assessment
assignment
assistance
9. What does "trustor / settlor" mean?
The person who transfers assets into a trust (fideicomitente).
The person who benefits from the trust (fideicomisario).
The entity holding and managing trust assets (fiduciario).
10. Which term matches: "A trust securing payment of an obligation."
guarantee trust
trustee
foreclosure
11. Who is the first-place beneficiary?
Sunset Lots S.R.L.
Mr. Owen
Fiduciaria Central S.A.
12. The lender is the first-place ___.
beneficial
beneficiary
benefactor
13. What does "attorney-in-fact" mean?
The person authorised to act under a power of attorney (apoderado).
To give authority through a power of attorney.
A diplomatic official who may perform notarial functions abroad.
14. Which term matches: "The acts the attorney-in-fact may perform."
scope of powers
revocation
to grant powers
15. Who authenticates the consular power?
Ministry of Foreign Affairs in Costa Rica
The German police
The buyer
16. The ___ of powers must include receiving the price.
scope
scape
range of law
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