Encumbering - Study guides, Class notes & Summaries

2022 California Real Estate Exam Prep Questions & Answers (Test Bank) (top 10pages free) An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. ANS- d. all of the above. These are elements of value. Which of the following abbreviations is associated ...

Chapter 5 Life Insurance Premiums, Proceeds, and BeneficiariesWho is the beneficiary in a life insurance policy? - correct answer The stated person or entity who is designated to receive the death proceeds When a policy loan is requested by a policyowner and it requires the consent of the beneficiary, what kind of beneficiary designation is this? - correct answer Irrevocable beneficiary The beneficiary of a life insurance policy is normally selected by whom? - correct answer Policyowner ...

Which life insurance policy provision prohibits a beneficiary from "commuting, encumbering, withdrawing, or assigning" any portion of the proceeds prior to actual receipt from the company? - Answer- Spendthrift clause Which life insurance settlement option pays a stated monthly benefit until both principal and interest are exhausted? - Answer- Fixed amount installment option When an individual is planning to protect his family with life insurance, one method of doing so is called need an...

REAL ESTATE U UPDATED EXAM WITH COMPLETE AND VERIFIED SOLUTIONS 2024 Air rights are: limited to the area directly over buildings only owned by the Federal Aviation Agency (FAA) limited to the area directly over the property only urban areas have air rights. Correct Answer The rights in real property to the reasonable use of the air space above the surface of the land. Bundle of Rights Correct Answer All of the legal rights incident to ownership of property including rights of use, ...

Constructive eviction - ANSWER Acts done or not done by the landlord which materially disturb or impair tenants occupancy so as the tenant is forced to leave Surrender and acceptance - ANSWER Mutual agreement to terminate lease The residential landlord and tenant act - ANSWER Covers leased structures used as home, residence or sleeping place. EXCLUDES nursing homes, lease to own, dorms, frats, resident managers homes Law of agency - ANSWER Statutory law controlling the rights and duties...

Constructive eviction - ANSWER Acts done or not done by the landlord which materially disturb or impair tenants occupancy so as the tenant is forced to leave Surrender and acceptance - ANSWER Mutual agreement to terminate lease The residential landlord and tenant act - ANSWER Covers leased structures used as home, residence or sleeping place. EXCLUDES nursing homes, lease to own, dorms, frats, resident managers homes Law of agency - ANSWER Statutory law controlling the rights and duties...

An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. - ANSWER-d. all of the above. These are elements of value. Which of the following abbreviations is associated with the FHA? a. NAR b. CPM c. MIP/MMI d. MBA - ANSWER-c. MIP/MMI MIP - Mortga...

An individual may register a foreign protective order in this state and shall present a certified copy to whom? - Sheriff Constable Chief of Police What court has jurisdiction in which the real property is located in all eviction notices. - Justice Court in the precinct where the property is located. A write of possession shall order the officer executing the writ to post a written notice to the exterior of the front door which must be at least. (TPC 24.0061) - 8 1/2 x 11 inches A ...

California Real Estate Exam Multiple Choice Questions with 100% Correct Answers 2023 An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. - Correct Answer-d. all of the above. These are elements of value. Which of the following abbreviations is associa...

California Real Estate Exam Multiple Choice Questions An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. - d. all of the above. These are elements of value. Which of the following abbreviations is associated with the FHA? a. NAR b. CPM c. M...