Constructive annexation - Study guides, Class notes & Summaries

Demand - Answer-The amount of goods people are willing and able to buy at a given price, often coupled with supply Demographics - Answer-The study and description of a population Accretion - Answer-The increase or addition of land by deposit of sand or soil washed up naturally from a river, lake, or sea. Bundle of legal rights - Answer-PECED - Possession, Enjoyment, Control, Exclusion, Disposition Constructive Annexation - Answer-The combination of items into real property that are n...

Ohio Real Estate Principles and PrPeriodic Tenancy - ANSWER Leasehold estate for a duration of time, not a specific date. Alienation - ANSWER The transfer of ownership or an interest in property from one person to another, by any means. Allodial System - ANSWER The system of land ownership under which anyone can own land. Annexation - ANSWER Attaching personal property to land so the law views it as part of the real property Constructive Annexation - ANSWER Personal property associat...

Defect/Cloud in the title - Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: - Has no specific expiration but the length is specified (like a month to month lease) Net Lease - lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession - A person takes possession & use of a property belonging to another. Possession must be open, not...

appurtenance - A right, a privilege, or an improvement belonging to, and passing with, the land. real estate - an improvement to the land creates? 15 days - How many days does a sponsoring broker have to notify IDFPR of the loss of a managing broker? accession - when title to additions or improvements to real property are acquired annexation of fixtures, this is called? Personal Property - Emblements are considered to be? 2 years and 45 hours - What is the minimum my years of expe...

All of the following are physical characteristics of land except: A. Indestructibility B. Uniqueness C. Immobility D. Scarcity - ANSWER-D. Scarcity Under the doctrine of specific performance, the party harmed by breach of a real estate contract can ask a judge to force the breaching party to carry out the terms of the contract rather than order the breaching party to pay monetary damages. Which physical characteristic of land is the basis for the doctrine of specific performance? A. ...

Pearson Vue National exam prep Real Estate, Questions And Correct Answers With Complete Verified Solutions Appurtenance including rights, privileges, and fixture Fixtures items attached to improvements with the intent to become real estate. Evident by the following: attachment/annexation, adaptation, or agreement. Transfer via a deed UNLESS they contract excludes them Emblements (crops) are exceptions. Trade fixtures are also exceptions Land and all appurtenances transfer via de...

Pearson VUE practice test 100% Solved c. Bill of sale - Answer- 1A buyer purchases a furnished condominimum apartment as an investment. The document that evidences the buyer's ownership of the furniture is a a. Special warranty deed b. Homeowner's insurance policy c. Bill of sale d. Buyers inventory d. Accrued depreciation - Answer- Using the cost approach, an f calculates the current new replacement cost of a 15 year old structure. The next factor the appraiser will consider n comple...

Ohio Real Estate Principles & Practices

Periodic Tenancy - ANSWER-Leasehold estate for a duration of time, not a specific date. Alienation - ANSWER-The transfer of ownership or an interest in property from one person to another, by any means. Allodial System - ANSWER-The system of land ownership under which anyone can own land. Annexation - ANSWER-Attaching personal property to land so the law views it as part of the real property Constructive Annexation - ANSWER-Personal property associated with real property in such a wa...