Bounds descriptions - Study guides, Class notes & Summaries

actual notice : own it Constructive notice : record something in public records How Is Real Estate Recovery Funded ? : by fees & fines Eminent Domain : government has right to take away public use citizens can't refuse to sell) immune properties : government owned lot & block : residential sub-division surgery system 2 | P a g e Metes and Bounds : oldest method of land description & provides the most accurate type of legal descriptions What does the Real estate recovery fund do...

NATIONAL REAL ESTATE EXAM 2 QUESTIONS AND ANSWERS| 100% CORRECT 2024 Townships are subdivided into how many sections? A) 36 B) 50 C) 24 D) 100 - answerThe answer is 36. Townships are subdivided into 36 sections. Another name for the lot-and-block method of describing a parcel of land is A) the government survey system. B) the Torrens system. C) the metes-and-bounds method. D) the recorded plat method. - answerThe answer is the recorded plat method. This system uses lot and b...

"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 - 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 - Answer-A The public restriction on property rights that allows the government to place a lien on a p...

Use of the TREC promulgated One to Four Family Residential Contract (Resale): A. Is allowed on the sale of a residential condominium B. Can be used for a vacant residential lot C. Covers single family, duplex, triplex, and fourplex transactions D. All of the above Rationale: The correct answer is C. The TREC One to Four Family Residential Contract (Resale) covers single family, duplex, triplex, and fourplex transactions. - ANSWERSC. Covers single family, duplex, triplex, and fourplex transa...

©BRAINBARTER 2024/2025 Utah Real Estate Class Arti Study Guide. Chapter 1 Affixed - answerTypically in reference to mineral, water, or surface rights, resources that go with the property are affixed. Annexation - answerThe process of personal property becoming real property. With reference to subsurface rights, annexation is adding water or mineral rights to the property. Legal tests include method of annexation, adaptability, relationship of the parties. Appurtenance - answerSomething ...

WA Real Estate - Chapter 1 with Complete Solutions Air lot A parcel of property above the surface of the earth, not containing any land: for example, a condominium unit on the third floor. Appropriative rights Water rights established by obtaining a government permit, and not based on ownership of land beside a body of water. Appurtenance A right incidental to the land that is transferred with it. Beginning at the oak tree, thence south 15 degrees, 200 feet, thence north 90 degr...

The amount of commission to be paid to the listing brokerage office by the seller/client is determined by - mutual agreement of seller and brokerage firm There is no standard commission amount. Commissions are determined through negotiation between the sponsoring broker and the client. Alan a fee simple holder of a parcel of real estate grants a life estate to his son Barry and stipulates that upon Barry's death the property will pass to his grandson Carry. Carry the grandson's interest...

Gold Coast Florida Real Estate Exam - Chapter 10 Complete Questions with correct Answers Legal Descriptions Legal Descriptions are used to identify a parcel's location. There are four methods to describe property. Name those Monuments Method Metes and Bounds Government Survey Plat or Lot and Block Monuments Method Uses landmarks to establish boundaries Metes and Bounds is also known as the surveyor's method Metes are measurements of distance such as feet, inches,...

McKissock Learning - Basic Appraisal Principles Exam Questions and Answers | 100% Verified and Updated 2024 "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 -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 p...

actual notice - Answer own it Constructive notice - Answer record something in public records How Is Real Estate Recovery Funded ? - Answer by fees & fines Eminent Domain - Answer government has right to take away public use citizens can't refuse to sell) immune properties - Answer government owned lot & block - Answer residential sub-division surgery system Metes and Bounds - Answer oldest method of land description & provides the most accurate type of le...