Recorded plat method - Study guides, Class notes & Summaries

M100 WITH COMPLETE SOLUTIONS 100% Community Association a legal entity in which the owners enjoy the PROTECTION, ENHANCEMENT, MAINTENANCE and PRESERVATION of their homes and property. 3 Defining Characteristics of a Community Association 1. Membership in the community is MANDATORY and automatic for all owners. 2. Certain association governing documents bind the owners and the association to each other through mandated actions. 3. Mandatory lien-based assessments (maintenance fees) are ...

Champions principles of real estate 1 . EXAMS 3VERSIONS COMBINED Q & A Homestead Protection - ANSWER A statutory estate- a family homestead is protected from forced sale by all creditors except: mortgage, property taxes,m&m liens and homeowner association fees ad valorem taxes - ANSWER Taxes on real estate property's according to value of property Promulgated Contract Forms - ANSWER Written by the Broker-Lawyer Committee and promulgated by TREC these contract forms are for the manda...

Baselines - ANSWER in the United States government survey, the major east-west guidelines Grid - ANSWER the 24-mile square created between each guide meridian and parallel in the United States government survey Guide meridians - ANSWER vertical lines placed every 24 miles on the United States government survey; intersect with parallels to create 24-mile squares used for describing land parcels Metes and bounds description - ANSWER method of land description that begins with a permanent ...

Real Estate Exam Questions With Verified Answers Latest Updated 2024 (GRADED) 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 personal prop...

{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...

Maine - Real Estate Exam Prep Latest 2023 Graded A Fixture 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 f...

What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction Wesley just bought a house with...

Real Estate in NC Chapter #4 Exam Questions and Answers Metes and bounds -Answer-A method of land description which involves identifying distances and directions and makes use of both the physical boundaries and measurements of the land. Starts with POB. POB -Answer-Point of begining. Rectangular (government) Survey System -Answer-Based on measurements from base lines and principal meridians. Base lines run east and west; principal meridians run north and south. Designed to set up checke...

Idaho Real Estate (State Test) Questions and Answers Graded A+ The primary purpose of the Idaho real estate commission is to: Protect the public and industry Initial application for a real estate license is administrated by Idaho real estate commission Where does the money come from to operate the Idaho real estate commission All licensees The Idaho real estate commission consists of how many member commissioners 4 The Idaho real estate generally meets: Monthly Course make-up work is allowe...

FINAL EXAM PT2 Questions 100% Solved. The most common legal description used in the eastern United States, including Pennsylvania, is known as what? - answermetes and bounds method Which legal description is used in the majority of the United States, primarily in the Midwestern states? - answerRectangular Survey Method The east half of the northwest quarter, of the southeast quarter, of the northeast section 16, of a township in the second tier, north of the baseline, and four ranges west ...