Indefeasible title - Study guides, Class notes & Summaries

RECA Unit 4 Quiz Latest Update 100% Pass Which of the following is an example of an encumbrance on the title? 1. An easement 2. A caveat 3. An encroachment agreement 4. A discharge of registration A) Statements I, II, and IV B) Statements I, II, and III C) Statements II, III, and IV D) All statements apply B The municipal Land Use Bylaw outlines which of the following items? A) Details regarding the various land use classifications B) Permitted land uses and guidelines for...

Fee simple - Also called fee simple absolute or indefeasible fee, this fee estate is the most complete form of ownership without limitations or conditions Life estate - Grants possession and limited ownership of the property to a person for the duration of the recipients life or the life of another person Fee simple qualified estate - Also called fee simple defeasible estate. 3 different types Few simple precedent - Ownership (title) won't pass from one person to another until a partic...

Section 2 Barney Fletcher GA Questions And Answers Right of Survivorship The right whereby a surviving joint tenant gains sole title to the property Junior Lien A lien whose claim upon the asset is subordinate to another lien. The order of priority is usually established according to date of recordation. indefeasible title Title which is guaranteed by the court under the Torrens system or registered land system Grant, Grantor, Grantee To transfer the title to real property by deed T...

Hawaii Real Estate Questions and Answers 100% Pass Hawaii, mineral rights usually belong to State of Hawaii Hawaii state law the boundary line between public and private shoreline property is determined by High wash and waves Hawaii land owners most commonly own Air Rights Example of personal property is household furnishings Best describes real property land and all below or above the surface and all the improvements thereon The controlling factor in determining whether something is a fixt...

Barney Fletcher GA Section 2 Exam Questions and Answers Title - Answer-The right to, ownership of land. Alienation of title - Answer-any change of ownership THREE TYPES OF TITLES - Answer-LEGAL TITLE EQUITABLE TITLE BARE LEGAL TITLE legal title - Answer-The right of ownership possession,use,occupancy,and enjoyment of a parcel of real property held by an owner. Equitable Title - Answer-The interest in a piece of a real estate held by a buyer under a real estate sales contrac...

Law 2024- Real Estate Law & Conveyancing Exam || Questions & Answers (Graded A+) Law 2024- Real Estate Law & Conveyancing Exam || Questions & Answers (Graded A+) Leasehold Property - ANSWER - What type of property is where the registered owner owns only the structure on the land that is leased from the Government or First Nations band for a period of time Conflict check - ANSWER - What is it called when you must conduct a type of search to ensure you can act on behalf of the purchaser or ...

Barney Fletcher GA Section 2 Exam Questions and Answers Title - Answer-The right to, ownership of land. Alienation of title - Answer-any change of ownership THREE TYPES OF TITLES - Answer-LEGAL TITLE EQUITABLE TITLE BARE LEGAL TITLE legal title - Answer-The right of ownership possession,use,occupancy,and enjoyment of a parcel of real property held by an owner. Equitable Title - Answer-The interest in a piece of a real estate held by a buyer under a real estate sales contract, ...

Hawaii Real Estate Exam Questions With Verified And Updated Solutions. State of Hawaii - answerHawaii, mineral rights usually belong to High wash and waves - answerHawaii state law the boundary line between public and private shoreline property is determined by Air Rights - answerHawaii land owners most commonly own household furnishings - answerExample of personal property is land and all below or above the surface and all the improvements thereon - answerBest describes real property T...

Illinois Real Estate Exam Latest 2023 Graded A Fee simple Also called fee simple absolute or indefeasible fee, this fee estate is the most complete form of ownership without limitations or conditions Life estate Grants possession and limited ownership of the property to a person for the duration of the recipients life or the life of another person Fee simple qualified estate Also called fee simple defeasible estate. 3 different types Few simple precedent Ownership (title) won't pass from one...

Personal Property Also called Chattels Has mobitily! Life Estate that is willed and then sold, the buyer can live there... Until the seller, that sold the willed property, dies. Tenants in Common -unequal interest -no right of survivorship Joint Tenancy Everyone has an equal part/ownership Right to survivorship Devise gift of real property by will Alienation The transferring of property to another Encroachment A building or some portion of it -...