Exam (elaborations)
Barney Fletcher Real Estate Exam Questions and Answers (100% Pass)
- Course
- Institution
Barney Fletcher Real Estate Exam Questions and Answers (100% Pass)
[Show more]
Content preview
1|Page | © copyright 2024/2025 | Grade A+Barney Fletcher Real Estate Exam
Questions and Answers (100% Pass)
Assemblage
✓ combining two or more contiguous parcels of real estate into a single
parcel under one ownership
plottage
✓ an increase in value resulting from assemblage
fixture
✓ personal property that is permanently attached to real property and
goes with the property when its sold
what makes something a fixture
✓ if object was fixed or installed with the intention of improving the home
appurtenances
✓ when new fixtures are attached ex. heat/air, roof
have brokers license but are working for another broker
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ associate broker
principal/employing broker
✓ in charge of and responsible for all real estate operations conducted
by a real estate brokerage firm
which type of land description are the properties described as they relate to
meridians
✓ government / rectangular survey
alienation of title
✓ any change of ownership - transferring ownership rights or interests in
real property from one person to another
legal title
✓ right of ownership of a parcel of real property held by an owner
equitable title
✓ interest in a piece of real estate held by a buyer held under a contract
to obtain absolute ownership of the property at a future date
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
bare legal title
✓ lacks the usual rights and privileges associated with ownership
constructive notice
✓ information has been made available to the public
inquiry notice
✓ when factors exist that make someone inquire further
✓ ex. dirt road running across you would inquire whether there is an
easement in place
marketable title
✓ a title free from reasonable doubt as to who the owner is
abstract of title
✓ detailed report of the title search
torrens system
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ an owner petitions the state court to register his property
✓ transfer of land
allodial system
✓ individuals are able to own land
eminent domain
✓ right of govs to assume property for necessary public use
escheat
✓ power the gov has when someone dies intestate and leaves no known
heirs
PETE - powers of gov over title
✓ police power, eminent domain, taxation, escheat
encroachment
✓ unauthorized infringement on a property owners rights as a result of
physical intrusion
freehold estate
Master01 | October, 2024/2025 | Latest update
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamArsenal. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
85169 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now