Trade fixture - Study guides, Class notes & Summaries

MN Course 1 Exam Prep: Property Types, Title, and Environmental Issues Already Passed Manufactured vs. modular home Manufactured: A home that is built according to HUD construction standards. Updated term for a mobile home or house trailer. Modular: Units that are constructed in factories off-site according to state building codes. Once assembled on the home site, considered to be real property. Land Property that includes the surface of the earth, down to the center of the earth,...

McKissock Liberty University -McKissock Learning - Basic Appraisal Principles well answered"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 - correct 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 property - c...

National Real Estate Exam Vocab 100% Correct Appurtenance rights, privileges or improvements that belong to and pass with the land. Improvements Man's additions to the land such as buildings and landscaping. Chattel Personal property, personalty Bill of Sale A document used to transfer ownership of personal property. Fixture An item that was personal property; however, it is attached in such a way that it has became real property. Never freestanding. Annexation Put it toge...

Principles of Real Estate Exam- Charles Cowell Questions and Answers 100% Pass What might be the role of a real estate broker in the event a homeowner seeks to overturn a property appraisal? A) a broker might be able to offer actual appraisals and sales prices of comparable homes B) a broker might offer the attorney for the local board of REALTORS to prepare the homeowners case C) a broker might testify about current market conditions and direction of home prices D) a broker might b...

A tenant in a commercial building installed a large sign that was anchored to the building with steel rods. Which term properly describes the sign? A.Fixture B. Trade fixture C. Real Property D. Emblement - ️️B. Trade fixture Installed by a tenant for the purpose of conducting a business or trade.A tenant can remove a trade fixture but is liable for removal damage to real property . Another term for personal property is: a. realty. b. fixtures. c. chattels. d. fructus na...

An owner of real estate possesses certain rights, including: possession of the property control of the property disposition of the property all of the above - all of the above Possession, control and disposition of ownership are included in the bundle of rights. The "Bundle of Rights" can best be remembered by the name "C-U-P-E-D". These letters stand for control, use, possess, enjoyment, and dispose. According to law, a trade fixture is: A fixture Personal property An easement A...

Pearson Vue Exam Questions and Answers 100% Pass Real property interests include... - Answer- an appurtenance that goes with the land. Examples: buildings, fences, trees, water rights, the ground below, mineral rights, air rights, easements What is a form of ownership that is restricted to husbands and wives? - Answer- Tenancy by the entirety. Each owns the entire parcel. Neither can separately convey and interest during the other's life time. On the death of a spouse, the survivor owns...

Missouri Real Estate Practice Exam Questions and Answers A farmer sold his farm. Several months later the farmer was able to go back and harvest the crops he planted. The crops are called: - Correct Answer ️️ -Emblements A bill of sale would be the document used to convey what? - Correct Answer ️️ -A refrigerator A commercial tenants lease was about to expire. The tenant wanted to remove some shelving that he had installed. Could he do this? - Correct Answer ️️ -Yes, if he re...

A $50,000 mortgage has a $5,000 cash equivalency adjustment because of below market financing. The down payment was $3,000. What is the cash equivalent sales price? a. $50,000 b. $55,000 c. $48,000 d. $58,000 - Answer-c. $48,000 A ceiling fan installed in a home is... a. Personal property b. A trade fixture c. A fixture that is now part of the real estate d. Real Property - Answer-c. A fixture that is now part of the real estate A city has a zoning code that does not allow satellite d...

Prep Agent Exam Questions With 100% Correct Answers Bundle of rights DEEP C Real Property immovable Personal Property movable Chattel Real Moveable - cows moveeee personal property fixture (Maria) Method, Adaptability, Relationship, Intention, Agreement. Trade fixture Business dentist chair riparian rights rivers and streams moving body of water littoral rights Lakes, Oceans, large bodies of water freehold estate own indefinitely fee simple ...