A trade fixture - Study guides, Class notes & Summaries

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...

Barney Fletcher Real Estate Exam 2024 with Complete Solutions. False - ANSWER-Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? D - ANSWER-Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed C - ANSWER-Which of the following is NOT an improvement of land? A. Building B. Sid...

Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions. Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? - False Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed - D Which of the following is NOT an improvement of land? A. Building B. ...

Real Estate Exam Prep (Champions; Texas) Latest Update Graded A+ appurtenance term used to describe rights, privileges or improvements that belong to and pass with the land improvements man's additions to the land such as building and landscaping personal property 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 personal property through severance. bill of ...

Former personal property that automatically conveys is most likely to : A. Be a trade fixture B. Occur only by agreement C. Be a chattel X D. Be a fixture D. Be a fixture Which of the following circumstances would diminish a fee simple estate ? a . Death of the owner b . Sale of the property C. Rental of the property d . All of the above C. Rental of the property Master01 | October, 2024/2025 | Latest update 1 | P a g e | © copyright 2024/2025 | Grade A+ How are easements...

Texas Real Estate Exam (National) Latest Update Graded A+ real property the tangible real estate and intangible rights associated with the ownership of real estate -transfers by deed or will personal property a right or interest in things of a temporary or movable nature; anything not classed as real property (chattel, personalty) -transfers by a bill of state fixture personal property that has been attached in such a way as to make it real property -"installed" often indicate...

According to fair housing, which of these is not a protected class? A. muslim B. arab C. homosexual D. single mother - C. homosexual The front door key to a house is: A. chattel B. fixture C. improvement D. trade fixture - B. fixture The phrase "bundle of legal rights" is properly included in: A. the definition of real property B. a legal description C. real estate transactions D. leases for less than one year - A. the definition of real property An estate at will:

How does a broker prove they are not culpable if an agent makes a mistake? - Ans️️1. Reasonable supervision was available to agent 2. Broker had nothing to do with the infraction 3. The broker did not ratify the infraction (Did not see it happen without telling them to stop) What are Trade fixtures and how can they be removed? - Ans️️Trade fixture - item of personal property attached to land or building leased by a tenant who uses the item in a trade or business - Can be removed ...

Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions. Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? - False Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed - D Which of the following is NOT an improvement of land? A. Building B. ...

McKissock Liberty University -McKissock Learning - Basic Appraisal Principles fully solved"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 - cor...