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Bermuda Real Estate Exam Questions with 100% Correct Answers | Latest Version (2024/2025) Expert Verified $14.99   Add to cart

Exam (elaborations)

Bermuda Real Estate Exam Questions with 100% Correct Answers | Latest Version (2024/2025) Expert Verified

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  • Course
  • Bermuda Real Estate
  • Institution
  • Bermuda Real Estate

Bermuda Real Estate Exam Questions with 100% Correct Answers | Latest Version (2024/2025) Expert Verified

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  • October 9, 2024
  • 44
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Bermuda Real Estate
  • Bermuda Real Estate
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professoraxel
Bermuda Real Estate Exam Questions with 100%
Correct Answers | Latest Version (2024/2025)
Expert Verified

Defect/Cloudiinitheititlei-iCorrectiAnswer-
ConflictingiclaimsithatipreventitheiabsoluteilegaliconveyanceiofiCLEARiT
ITLE


PerioditoiPeriodiisiaitypeiofileaseholdithat:i-iCorrectiAnswer-
Hasinoispecificiexpirationibutitheilengthiisispecifiedi(likeiaimonthitoimon
thilease)


NetiLeasei-iCorrectiAnswer-
leaseiiniwhichitheitenantipaysisomeiorialliofitheioperatingiexpensesiofith
eipropertyiiniadditionitoirent.iOftenicommercial.


AdverseiPossessioni-iCorrectiAnswer-
Aipersonitakesipossessioni&iuseiofiaipropertyibelongingitoianother.iPoss
essionimustibeiopen,inotorious,ihostilei&iuninterruptediforiaicertainiper
iodiofitime.


Estoppeli-iCorrectiAnswer-
Legalibarithatipreventsicontradictions.iOfteniaidocumentithati'stops'ipr
eventsipeopleifromicontradictingiearlieriagreementsioristatements

,Conformityiappraisalimethodi-iCorrectiAnswer-
Orchardiinitheimidstiofiaihousingidevelopment


Anticipationivaluei-iCorrectiAnswer-Valuedionifutureiincome.


nonrecourseiloani-iCorrectiAnswer-
ailoanithaticarriesineitheriaipenaltyinorifurtheriobligationitoirepayiifinoti
paidiback


GovernmentiRectangulariSurveyiSystemi-iCorrectiAnswer-


Landi(Definition)i-iCorrectiAnswer-
immobility,ipermanence,iuniqueness,iindestructablity


Annexationi-iCorrectiAnswer-
termibyiattachmentibecomesirealiproperty


Severancei-iCorrectiAnswer-
termibyiseparatingiaifixtureifromirealipropertyibecomesipersonaliprope
rty


Monumenti-iCorrectiAnswer-
landmarkinaturalioristakeitoimarkiaiboundry

,FeeiSimpleiAbsolutei-iCorrectiAnswer-Noiconditionsioniuseioritransfer


alienationiofititlei-iCorrectiAnswer-
Aichangeiofiownership.iMayibeivoluntaryi(solditheiproperty)ioriinvolunt
aryi(foreclosureisale).


testatei-iCorrectiAnswer-havingiaiwill


IntestateiSuccessioni-iCorrectiAnswer-
theimethodiuseditoidistributeipropertyiownedibyiaipersoniwhoidiesiwit
houtiaivalidiwill


nuncupativeiwilli-iCorrectiAnswer-anioraliwill


HolographiciWilli-iCorrectiAnswer-
Aiwilliwrittenientirelyibyitheitestatoriwithihisiownihand.


devisei-iCorrectiAnswer-realipropertyidisposediofiiniaiwill


AdverseiPossessioni-iCorrectiAnswer-
Theiactual,iopen,inotorious,ihostile,iandicontinuousipossessioniofianoth
er'silandiunderiaiclaimiofititle,imustibei20iyears.

, Redemptioni-iCorrectiAnswer-
mortgageidefaultithenipayoffiandiclaimibackiproperty


balanceiappi-iCorrectiAnswer-


FriendlyiForeclosurei-iCorrectiAnswer-deediinilieuiofiforeclosure


forebearancei-iCorrectiAnswer-workioutiloaniforidebt


TenantsiiniCommoni-iCorrectiAnswer-
sharediownershipiofiaisingleipropertyiamongitwoiorimoreipersons;iinter
estsineedinotibeiequaliandinoirightiofisurvivorshipiexists.iFRACTIONAL


JointiTenancyi-iCorrectiAnswer-Aiformiofico-
ownershipithatiincludesitheirightiofisurvivorship.iEQUAL


foreshoreiencroachmentsi-iCorrectiAnswer-docks


foreshoreileasei-iCorrectiAnswer-21iyears


Non-conformingiusei-iCorrectiAnswer-Useiafteriaizoningichangei-
igrandfatheredi(BEFOREiZONING)

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