Asreb exam prep - Study guides, Class notes & Summaries

The sale of personal property would include: - correct answer Bill of sale What governmental right requires compensation to private property owners? - correct answer Eminent domain If property is obtained by the state after a person dies, this is called: - correct answer Escheat Transfer of real property requires a: - correct answer Deed This is an economic characteristic of real property: - correct answer Frozen asset A promissory note is considered: - correct answer ...

What is included in a "Bundle of Rights"? (allodial system of ownership) - correct answer 1. Possession 2. Use 3. Encumbrance (loan against) 4. Expulsion (exclude others) 5. Transfer Corporeal - correct answer Land and Tenements (buildings) Incorporeal - correct answer Rights and Relationships Hereditaments - correct answer Any property that can be inherited Fixtures - correct answer Item of personal property that because of it's attachment becomes real property MAR...

B-1 ASREB Exam prep (gray packet) Solved Correctly!! A subdivider employés hostesses to show houses. The hostesses explain the features of the homes and gave the prices and terms. In this scenario: a. Only the sales broker needs to be licensed b. Hostesses are employees only and need not be licensed c. The hostesses must be licensed d. As long as they do not accept deposits and do not write up sales, the hostesses need not be licensed c. The hostesses must be licensed A timeshare wou...

ASREB Exam prep A-1 (gray packet) Solved Correctly!! The sale of personal property would include: Bill of sale What governmental right requires compensation to private property owners? Eminent domain If property is obtained by the state after a person dies, this is called: Escheat Transfer of real property requires a: Deed This is an economic characteristic of real property: Frozen asset A promissory note is considered: Personal property These are included in the bundle of rights ...

ASREB Exam Prep (Arizona School of Real Estate & Business A1-A9 Study) Questions & Answers Solved 100% Correct!! What is included in a "Bundle of Rights"? (allodial system of ownership) 1. Possession 2. Use 3. Encumbrance (loan against) 4. Expulsion (exclude others) 5. Transfer Corporeal Land and Tenements (buildings) Incorporeal Rights and Relationships Hereditaments Any property that can be inherited Fixtures Item of personal property that because of it's attachment becomes...

ASREB Exam prep A-1 (gray packet) Solved Correctly!! The sale of personal property would include: Bill of sale What governmental right requires compensation to private property owners? Eminent domain If property is obtained by the state after a person dies, this is called: Escheat Transfer of real property requires a: Deed This is an economic characteristic of real property: Frozen asset A promissory note is considered: Personal property These are included in the bundle of rights ...

ASREB Exam prep A-1 (gray packet) Solved Correctly!! The sale of personal property would include: Bill of sale What governmental right requires compensation to private property owners? Eminent domain If property is obtained by the state after a person dies, this is called: Escheat Transfer of real property requires a: Deed This is an economic characteristic of real property: Frozen asset A promissory note is considered: Personal property These are included in the bundle of rights ...

ASREB Exam Prep (Arizona School of Real Estate & Business A1-A9 Study) Questions & Answers Solved 100% Correct!! What is included in a "Bundle of Rights"? (allodial system of ownership) 1. Possession 2. Use 3. Encumbrance (loan against) 4. Expulsion (exclude others) 5. Transfer Corporeal Land and Tenements (buildings) Incorporeal Rights and Relationships Hereditaments Any property that can be inherited Fixtures Item of personal property that because of it's attachment becomes...

ASREB Exam prep A-1 (gray packet) Solved Correctly!! The sale of personal property would include: Bill of sale What governmental right requires compensation to private property owners? Eminent domain If property is obtained by the state after a person dies, this is called: Escheat Transfer of real property requires a: Deed This is an economic characteristic of real property: Frozen asset A promissory note is considered: Personal property These are included in the bundle of rights ...

What is included in a "Bundle of Rights"? (allodial system of ownership) - ANSWER-1. Possession 2. Use 3. Encumbrance (loan against) 4. Expulsion (exclude others) 5. Transfer Corporeal - ANSWER-Land and Tenements (buildings) Incorporeal - ANSWER-Rights and Relationships Hereditaments - ANSWER-Any property that can be inherited Fixtures - ANSWER-Item of personal property that because of it's attachment becomes real property MARIA Legal test to determine what is or isn't a...