Donaldson Educational Services: 90 Hour Real Estat
Donaldson Educational Services: 90 Hour Real Estat
Exam (elaborations)
Donaldson Educational Services: 90 Hour Real Estate Pre-License Course: UNIT 1: GLOSSARY REVIEW CORRECT 100%
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Course
Donaldson Educational Services: 90 Hour Real Estat
Institution
Donaldson Educational Services: 90 Hour Real Estat
Severance - ANSWERA process in which real Property can be converted to personal property.
Fixture - ANSWERPersonal Property that has been converted to real property of being permanently affixed or attached to the land or building.
Situs - ANSWERA person's choice or desire for a given area; ar...
Donaldson Educational Services: 90 Hour
Real Estate Pre-License Course: UNIT 1:
GLOSSARY REVIEW CORRECT 100%
Severance - ANSWERA process in which real Property can be converted to personal property.
Fixture - ANSWERPersonal Property that has been converted to real property of being permanently
affixed or attached to the land or building.
Situs - ANSWERA person's choice or desire for a given area; area preference.
Tenancy in common - ANSWERThe form of real estate ownership automatically provided by law
when two or more people own real estate together.
Testamentary Trust - ANSWERA trust set up to take effect once the trustor has died.
Time-share - ANSWERIs ownership of property for a specified period of time each year.
Metes and Bounds - ANSWERA method of land description which identifies a parcel by specifying its
shape and boundaries. General Lien - ANSWERA lien which attaches to all property owed by the
debtor.
Easement - ANSWERa right, privilege or interest which one party has in the land of another.
Encroachment - ANSWERThe illegal extension of a building or some other improvement beyond the
land of one owner and onto the land of an adjacent owner.
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