Fixtures - Study guides, Class notes & Summaries

How does a broker prove they are not culpable if an agent makes a mistake? 1. Reasonable supervision was available to agent 2. Broker had nothing to do with the infraction 3. The broker did not ratify the infraction (Did not see it happen without telling them to stop) What are Trade fixtures and how can they be removed? Trade fixture - item of personal property attached to land or building leased by a tenant who uses the item in a trade or business - Can be removed before lease ends by ten...

Which of the following terms BEST describes personal property that, by its attachment to real property, is regarded as real estate? A. Emblements B. Personality C. Fixtures D. Appliances - Answer- C A salesperson who completes a written listing agreement with a seller is helping to create a contractual relationship between the: A. salesperson and the seller B. salesperson and the buyer C. salesperson and the listing broker D. salesperson's broker and the selle...

Distinction level Land Law notes (overall grade, 83) Crafted by a recent graduate who received a distinction in the very same course, these notes are tailored to your PGDL program, ensuring they cover the crucial Land Law concepts you need to master. Aligned with the PGDL program at the University of Law, these distinction level notes perfectly complement the course. These notes are structured to align perfectly with the 'problem question' format in the exams, making them the pe...

Texas State Plumbing Inspectors Exam Study Questions with Complete Answers Fixture connections which may be served through access panels are considered Accessible The part of the lowest piping of a drainage system, which recieves the discharge from the soil, waste and other drainage pipes inside the walls of the building and conveys it to a point 2 feet outside the building wall is a Building drain A vertical vent that is a continuation of the drain to which it connects is a Continuo...

What is appraisal? - The act or process of developing an opinion of value of an asset What is USPAP? - Uniform Standards of Professional Appraisal Practice What is real estate? - An identified parcel or tract of land, including imporvements, if any. The physical land and appurtenances affixed to the land What is real property? - The interests, benefits, and rights inherent in the ownership of real estate (land, buildings, fixtures) What is the total range of private owneership intere...

Barney Fletcher Cram Notes Booklet deed - Answer-the instrument used to transfer real property Title - Answer-Ownership and the owner's rights Real Estate - Answer-Land + improvements (appertenances) Physical Characteristics of Land - Answer-1. Immovable 2. Indestructable 3. Non-Homogenous (unique) Economic Characteristics of Land - Answer-1) Situs 2) Improvements 3) Fixed Investment 4) Scarcity Personal Property - Answer-anything that is not real property; Chattel Severa...

Civil Process Proficiency Exam Questions and Answers Rated A+ A Constable or his Deputy may use _____when executing a Writ of Possession. Reasonable Force A defendant means a person or governmental entity against whom a plaintiff commences or maintains or seeks to commence or maintain litigation. (TCPRC 11.001) True A landlord may not remove doors, windows, locks, latches, doorknobs, furniture, fixtures or appliances furnished by the landlord for a bonafide repair or replacement. Tr...

A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a. encroachments b. improvements c. surface rights d. emblements correct answer: B A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? a. riparian b. littoral c. appropriative d. appropriation correct answer: A A tenant is aware that h...

Barney Fletcher Cram Notes Booklet Exam deed - Answer-the instrument used to transfer real property Title - Answer-Ownership and the owner's rights Real Estate - Answer-Land + improvements (appertenances) Physical Characteristics of Land - Answer-1. Immovable 2. Indestructable 3. Non-Homogenous (unique) Economic Characteristics of Land - Answer-1) Situs 2) Improvements 3) Fixed Investment 4) Scarcity Personal Property - Answer-anything that is not real property; Chattel Seve...

Brokerage and Chartering Exam 1 Review Questions and Answers 100% CorrectBrokerage and Chartering Exam 1 Review Questions and Answers 100% CorrectBrokerage and Chartering Exam 1 Review Questions and Answers 100% CorrectBrokerage and Chartering Exam 1 Review Questions and Answers 100% Correct What makes a good broker? - ANSWER-~Knowing the current freight/hire rates in the trade. ~Aware of seasonal variations, recent fixtures, and current ship/cargo availability ~Know the desired business of h...