METRO BROKERS FINAL Exam Questions With 100% Verified Answers
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METRO BROKERS
Institution
METRO BROKERS
METRO BROKERS FINAL Exam
Questions With 100% Verified Answers
What is the function of a Bill of Sale? Of a Deed? - answerAnswered by to sell personal
property, deed: sale of real property_____
real estate
Real property consists of what two (2) elements?
Answered by____________ - answerland , ...
observing how quickly water is absorbed by the ground. The level of which percolating water is
found, is called the water table. And this water can be used for wells, irrigation or falling lakes. If
it's pure enough we can drink it.
. Although they are both Appurtenances, the real estate term "Attachment" has a broader
meaning than the term "Fixture". Explain. - answer✔Attachments: things permanently attached
to the land ( physically or legally )
Fixture: a property that was once personal and has become real
Understand the different legal ways for determining if an item would be considered a fixture or
personal property. - answer✔Using the acronym MARIA :
1. Modification
2. Attachment
3. Relationship to the parties
4. Intentions of annoying party
5. Agreement
When offering a home for sale, is there an enforceable legal way sellers might make an
exception of a fixture and not include it as part of the sale? Be specific! - answer✔Yes before the
home is shown/ listed, the seller should remove the fixture and replace it with another that they
can live with.
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