Barney fletcher exam 4 - Study guides, Class notes & Summaries

Barney Fletcher Section 1 Exam Questions and Answers Bundle of Rights - Answer-the legal rights that accompany real property ownership. Real Estate or Real Property - Answer-Land, improvements, & legal rights of ownership Appurtenance - Answer-rights, privileges or improvements that belong to and pass with the transfer of property. Attaches to land, not owner Surface Rights - Answer-right to control, occupy, and use the surface area of a parcel of real estate (the land), including the ...

Barney Fletcher Section 1 Exam Questions and Answers Bundle of Rights - Answer-the legal rights that accompany real property ownership. Real Estate or Real Property - Answer-Land, improvements, & legal rights of ownership Appurtenance - Answer-rights, privileges or improvements that belong to and pass with the transfer of property. Attaches to land, not owner Surface Rights - Answer-right to control, occupy, and use the surface area of a parcel of real estate (the land), including t...

Post License Course (Barney Fletcher) Exam Practice Questions and Answers Within the first five years around ___% of agents leave the real estate business - ANSWER-80-90% For buyers what are the five steps of the pre-qualification process - ANSWER-1. Urgency 2. Motivation 3. Financial Ability 4. Wants and Needs 5. Agency For sellers what are the five steps to the first appointment - ANSWER-1. Urgency 2. Motivation 3. Concerns 4. Expectations 5. Hesitations A person who may be willin...

In doing a market analysis, you find a recently sold property where the owners had just gone through a divorce. It was listed for $60,000 for 3 months but sold for $40,000. Would you use this as a comparable? A. no, because it had only been listed for 3 months B. no, because of the divorce, it was not an arms length agreement C. yes, you would use the actual sales price of $40,000 D. yes, because it was a comparable type property - ANSWER B. no, because of the divorce, it was not an arms l...

Barney Fletcher Exam Questions 4 QUESTIONS WITH COMPLETE SOLUTIONS.

Barney Fletcher Cram Notes Booklet Exam deed - Answer-the instrument used to transfer real property Title - Answer-Ownership and the owner's rights Real Estate - Answer-Land + improvements (appertenances) Physical Characteristics of Land - Answer-1. Immovable 2. Indestructable 3. Non-Homogenous (unique) Economic Characteristics of Land - Answer-1) Situs 2) Improvements 3) Fixed Investment 4) Scarcity Personal Property - Answer-anything that is not real property; Chattel Severance - Answer-Remov...

Barney Fletcher Section 1 Exam Questions and Answers What makes real estate real property? - Ans ️️ The Bundle of Rights What does the Bundle of Rights include? - Ans ️️ 1. Right to possess the property 2. Right to control the property within legal limits 3. Right to enjoy the property and use it in any legal matter 4. Right to exclude others from entering or using the property 5. Right to encumber the property, as with a mortgage 6. Right to dispose of the property by Salem will...

which BEST describes the principle that a home maintains its highest value in a neighborhood with similar homes and similar type housing? A. substitution B. conformity C. highest and best use D. competition - ANSWER B. conformity If you took projected future costs from projected future income, you would arrive at: A. capitalization rate B. projected net income C. projected debt service D. projected debt coverage - ANSWER B. projected net income A deed would be presumed to have ...

Barney Fletcher Practice Exam 4 (100% Verified) Questions and Answers