Chattel mortgage - Study guides, Class notes & Summaries

NATIONAL REAL ESTATE EXAM PRACTICE TEST Answered 100% Correctly 2024 In applying the test of a fixture, which of the following would not be considered: a. The manner of attachment b. The value of the article c. The intent of the parties d. The relationship of the parties - answerb. The value of the article Real property can become personal property by the process known as: a. Attachment b. Severance c. Hypothecation d. Accretion - answerb. Severance Real property includes: a. Land ...

NATIONAL REAL ESTATE EXAM PRACTICE TEST Answered 100% Correctly 2024 In applying the test of a fixture, which of the following would not be considered: a. The manner of attachment b. The value of the article c. The intent of the parties d. The relationship of the parties - answerb. The value of the article Real property can become personal property by the process known as: a. Attachment b. Severance c. Hypothecation d. Accretion - answerb. Severance Real property includes: a. Land ...

McKissock Learning - Basic Appraisal Principles Exam Questions and Answers | 100% Verified and Updated 2024 "A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt -Answer-mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real p...

1 mile - 5280 feet 1760 yards Acre - 43560 feet Assignment of contracts - Contracts involving money or property are assignable. Contracts involving service (listing agreement) are not assignable without consent of the principal Balance sheet - Demonstrates the accounting value or financial position of the company. Based on assets and liabilities NOT income and expenses Blockbusting - Inducing or attempting to induce sellers to sell or rent bc members of a certain race etc may be moving i...

he difference between surety bonds and insurance contracts is surety bonds do not constitute a transfer of risk. Subrogation Clause This clause is used when the insurer has paid a covered claim on behalf of the insured that is caused by another party. The insurance company is entitled to the insured's right of recovery from the negligent party. This clause is sometimes called "Transfer of Right of Recovery Against Others to Us." Cause of Loss Forms State the perils that ...

Additions to the land (ie houses) that are artificially attached (personal) Economic characteristic of land Chapter 1 Indestructibility -Answer-Land is non destroyable. It can be altered but its geographic coordinates remain the same. (physical characteristic of land) Chapter 1 Non-homogeneity -Answer-Land: No two pieces are exactly alike. Another word for it is uniqueness. This can either be a good or bad thing in regards to selling a property. (physical characteristic of land) Chapter...

RFBT Contract of Sales Test Bank/268 Questions and Answers 100% Correct RFBT Contract of Sales Test Bank/268 Questions and Answers 100% Correct COVERAGE: Contract of sales Direction: Read and select the best answer for the following questions. 1. It is a contract whereby one of the contracting parties, known as the seller or vendor, obligates himself to transfer the ownership of and to deliver a determinate thing, and the other party, known as the buyer or vendee, obligates himself to pa...

Module 1: Hawaii Pre-Licensing Real Estate Class Questions and Answers 100% Pass In real estate, the term improvements most nearly means: A) Fences, wells, drains and roadways. B) Additions to the original structure. C) Everything artificial or constructed except the land. D) Upgrades to the interior. - Correct Answer ️️ -C) Everything artificial or constructed except the land. All real estate except land. Includes buildings, fixtures, fences, curbs, sewers, etc. A riparian owner is...

Notary Final Exam - Questions and Answers Acknowledgment a declaration that is made before an official (example: notary public) that under the person's free act and deed he did execute the instrument Administrator One of an estate is appointed by the court (usually Surrogate's or supreme court) which empowers him to manage the affairs of the decedent (dead person). The court appoints an administrator where a person dies without leaving a will, or leaves a will without naming an executor Affi...

NMLS MLO Exam Questions and Answers | Latest Version | 2024/2025 | Already Passed 2/3/6 caps ARM initial adjustment max is 2%, subsequent adjustment period max is 3%, and lifetime cap of 6% 3rd party recording fee tolerance? 10% 5/6 ARM with 2/6 caps, what does the 5/6 represent? Initial rate is fixed for first 5 years and may adjust once every 6 months thereafter A borrower is entitled to request and obtain a copy of the HUD-1 Settlement Statement how many days before closing...