Fee simple absolute - Study guides, Class notes & Summaries

Ky Board of Auctioneer Test with 100% verified questions and answers Absolute Auction - CORRECT ANSWER After the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - CORRECT ANSWER when auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers reserving the right ...

WV Real Estate Exam Questions and Answers Already Passed What are the types of fee simple estates? Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute The best type of ownership you can get. Fee Simple Defeasible Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? Fee simple determinable 2 Condition subsequent Fee Simple Defeasible Will include: so long as, while, during and includes the term reverter. Reverter Former ...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

Civil Law Missed Exam Questions And Answers Which is not a specific lien? - ANS-state income tax State income taxes can become general liens that can attach to any property owned by the debtor. A mortgage is specific to the property that will be collateral for a debt. Real estate taxes are specific to one property. A mechanic's lien can attach only to the property that was the subject of the work being done. Fee simple absolute estates are not - ANS-conditional If a condition exis...

What are the types of fee simple estates? CORRECT ANSWER Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute CORRECT ANSWER The best type of ownership you can get. Fee Simple Defeasible CORRECT ANSWER Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? CORRECT ANSWER Fee simple determinable 2 Condition subsequent Fee Simple Defeasible CORRECT ANSWER Will include: so long as, while, during and includes the term reverter. Re...

The word "Ownership" means the same thing as the word A.Freehold B.Leasehold C.Possession D.Both A & C - Answer- D. Both A & C The highest interest in real estate recognized by law is: A.Fee Simple Defeasible B.Legal Life Estate C.Fee Simple Absolute D.Fee Simple Determinable - Answer- C.Fee Simple Absolute The highest interest in real estate recognized by law is: A.Fee Simple Defeasible B.Legal Life Estate C.Fee Simple Absolute D.Fee Simple Determinable - Answer- C.Fee Simpl...

What are the types of fee simple estates? - Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute - The best type of ownership you can get. Fee Simple Defeasible - Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? - Fee simple determinable 2 Condition subsequent Fee Simple Defeasible - Will include: so long as, while, during and includes the term reverter. Reverter - Former owner can take back land with no legal action if ...

2. One of the types of ownership recognized in Maine is: a. Joint fee simple b. Fee Simple Absolute c. Estate for Years d. Free Estate CORRECT ANSWER b. Fee Simple Absolute 3. Transferring real estate in Maine must: a. Be done by a lawyer b. Be done by written deed c. Be to a person at least 18 years old to be binding d. Be for monetary compensation CORRECT ANSWER c. Be to a person at least 18 years old to be binding 4. Taking title to real estate through possession is ca...

What are the types of fee simple estates? Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute The best type of ownership you can get. Fee Simple Defeasible Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? Fee simple determinable 2 Condition subsequent Fee Simple Defeasible Will include: so long as, while, during and includes the term reverter. Reverter Former owner can take back land with no legal action if land isn't used c...

CA DRE Salesperson Exam with 100% Verified solutions 2024 What are the two types of freehold estates? 1) an estate in fee (simple absolute) 2) a life estate.