Recorded plat method - Study guides, Class notes & Summaries

Maine - Real Estate Exam Prep with 100% Correct Answers |UPDATED| Fixture *Ans* An object that has been attached to land so as to become real estate. An article of personal property which has been installed in or attached to land or a building thereon, in such a manner that it is now considered to be a part of the real estate. Improvements *Ans* Beneficial attachments to raw land that increase its value or improve its usefulness. Meridians *Ans* Imaginary north-south lines which inters...

Nevada Real Estate Exam 1 Questions and Answers Already Passed A legal description using markers or monuments and ending at the same point as it began is: Metes and Bounds description property obtained during the course of the marriage Community Property Property owned by all owners of a condominium and available for use by them is Common Area A park has been created by the city to separate a shopping center from a residential subdivision. The park would be a A Buffer Zone M...

What is the purpose of a legal description of property? - ANSWER-To accurately locate and identify the BOUNDARIES of a parcel of property to a degree acceptable by courts of law ____ is a legal description of a parcel of land that begins at a well-marked point and follows the boundaries, using direction and distances around the tract, back to the point of beginning. - ANSWER-Metes and bounds The _____ describes the perimeter of a property by landmarks, monuments, distances, and angles. - A...

Gold coast chapter 10which of the following best describes a contract for sale that contains a street address instead of a legal description? A. it is not valid under the statute of frauds b. It is valid only if witnessed c. It is valid, but may lead to Future dispute D. It is a violation of the code of ethics - correct answer C. It is valid, but may lead to a future dispute Which method of legal description uses compass bearings to indicate the direction of boundary lines? A. Lot a...

{Champions; Texas} Real Estate Exam Prep 2023 QUESTIONS WITH VERIFIED 100% ANSWERS appurtenance - ANSWER term used to describe rights, privileges or improvements that belong to and pass with the land improvements - ANSWER man's additions to the land such as building and landscaping personal property - ANSWER also called chattel or personalty; a right or interest in smiting of a temporary or movable nature and includes anything not classed as real property. Real property becomes pe...

Under the _______ of recording, title passes when the conveyance is registered on the title certificate. - ANS Torrens System Ownership of a property reverted to the grantor of the estate when its usage failed to conform to a stated condition in the grant. What type of estate existed? - ANS Fee Simple Defeasable How does Planned Unit Development zoning differ from ordinary zoning? - ANS It requires that multiple tracts of land be developed according to a single design for efficien...

PSI EXAM: PROPERTY OWNERSHIP EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED Real Property (realty) land along with improvements, things attached to it, and the benefits, rights, and interests included in its ownership. Real Estate synonymously used with real property; but includes real and personal property. Land earth's surface, subsurface to the center of the earth, the space overhead, and the rights to each. Rights: common rights in land; surface rights, subsurface rights, mineral r...

COLD + AC - C = Care, skill and diligence - O = Obedience, - L = Loyalty, - D = Disclosure, - A = Accounting, - C = Confidentiality OR OLD CAR - O = Obedience, - L = Loyalty, - D = Disclosure, - C = Confidentiality - A = Accounting, -R = Reasonable care, skill and diligence WHICHEVER ONE YOU CAN REMEMBER EASIER! Six duties of the broker as a fiduciary are : township a square 6 miles on each side A Transition to Transaction Agent Notice is required to be...

Maine - Real Estate Exam PrepFixture - An object that has been attached to land so as to become real estate. An article of personal property which has been installed in or attached to land or a building thereon, in such a manner that it is now considered to be a part of the real estate. Improvements - Beneficial attachments to raw land that increase its value or improve its usefulness. Meridians - Imaginary north-south lines which intersect base lines to form a starting point for the meas...

Lot-and-Block Description - A method of describing real property that identifies a parcel of land by reference to lot and block numbers within a subdivision, as specified on a recorded subdivision plat, must include county and state. Abstract of title - Summary in chronological order of the essential provision of every recorded document pertaining to a particular parcel of land, eg., liens ,encumbrances, chain of title, transfers. An abstract of title does not disclose encroachments, forger...