Tenancy in severalty - Study guides, Class notes & Summaries
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Washington Real Estate AMP National Cram Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024
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"Severalty ownership" means that: 
A) ownership is by several parties 
B) ownership by one person 
C) co-ownership of several people 
D) joint tenancy of several people - B) ownership by one person 
Feedback: 
Correct: Severalty is holding title by ONE person. There is no dual ownership or survivorship clause. 
Which of the following is a less-than-freehold estate? 
A) property that has an easement on it 
B) possession held under a lease 
C) real estate minus the mineral, oil, and gas rights 
...
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McKissock Basic Appraisal Principles I Final Exam Quiz(90 QUESTIONS) WITH COMPLETE SOLUTIONS
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The _____ has oversight authority over state appraisal boards. CORRECT ANSWERS: ASC (Appraisal Subcommittee) 
 
Which of the below is a requirement of a valid real estate contract? CORRECT ANSWERS: consideration, in writing and signed, and lawful objective 
 
"The interaction of buyers and sellers who trade long-term or intermediate-term money instruments" is the definition of the _____________ market. CORRECT ANSWERS: capital 
 
An analysis of the market conditions of supply, demand, and p...
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Oklahoma Real Estate Practice Questions Solved 100% Correct
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Tenancy in severalty - Answer sole ownership of a freehold estate 
CO-OWNERSHIP - Answer ownership by two or more owners 
Tenancy in common - Answer -co-tenants enjoy an individually owned, undivided 
interest; any ownership share possible; no survivorship 
Joint tenancy - Answer equal, undivided interest jointly owned by two or more parties, 
with survivorship; requires four unities to create: time, title, interest, possession; joint 
tenants can sell their interest, but the interest becomes a ...
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Tennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS
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A corporation is 
a legal entity that can buy and sell real estate as set out in its charter. 
 
 
 
Ownership in severalty is 
property owned by one individual or corporation. 
 
 
 
A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a 
tenancy in common between the new owner and the remaining joint tenants 
 
 
 
The owner of a condominium unit learns that a neighbor has failed to pay real estate taxes. I...
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Texas-Principles of Real Estate=1 Exam Practice Questions and Answers Verified 2023 - Champions School of Real Estate Texas - Principles 1 Exam Practice Questions and Answers Verified 2023 - Champions School of RealEstate Texas Principles 1 Exam Practi
- Exam (elaborations) • 7 pages • 2023
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Texas-Principles of Real Estate=1 Exam 
Practice Questions and Answers Verified 2023 - 
Champions School of Real Estate 
Texas - Principles 1 Exam 
Practice Questions and Answers 
Verified 2023 - Champions 
School of RealEstate 
Texas Principles 1 Exam Practice Questions - Champions School of Real Estate 
1. a: Townhomes and single-family homes differ in that a common wall. 
(a) townhomes share 
(b) single-family homes are sold as distinct living units within (c) owners of townhomes do not 
o...
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Illinois Real Estate; Practice Exam – 02 Questions and Answers 100% Correct
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Illinois Real Estate; Practice Exam – 02 Questions and Answers 100% CorrectIllinois Real Estate; Practice Exam – 02 Questions and Answers 100% CorrectIllinois Real Estate; Practice Exam – 02 Questions and Answers 100% CorrectIllinois Real Estate; Practice Exam – 02 Questions and Answers 100% Correct 
When waterborne silt is deposited in a lake or river bed, the land gradually increases by the process of - ANSWER-Accretion 
 
A survey is the process of - ANSWER-determining the size and bo...
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Washington Real Estate AMP National Cram Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024 | 33 Pages
- Exam (elaborations) • 33 pages • 2023
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"Severalty ownership" means that: 
A) ownership is by several parties 
B) ownership by one person 
C) co-ownership of several people 
D) joint tenancy of several people - B) ownership by one person 
Feedback: 
Correct: Severalty is holding title by ONE person. There is no dual ownership or survivorship clause. 
Which of the following is a less-than-freehold estate? 
A) property that has an easement on it 
B) possession held under a lease 
C) real estate minus the mineral, oil, and gas rights 
...
-
Superior Real Estate School Exam| Questions and Answers, 100% Correct| Newly 2024
- Exam (elaborations) • 51 pages • 2024
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Superior Real Estate School Exam| Questions and Answers, 100% Correct| Newly 2024 
Superior Real Estate School Exam| Questions 
and Answers, 100% Correct| Newly 2024 
All of the following are physical characteristics of land except: 
A. Indestructibility 
B. Uniqueness 
C. Immobility 
D. Scarcity 
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 ra...
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Tennessee National Portion REAL ESTATE EXAM Questions with 100% Correct Answers | Updated & Verified | 2024
- Exam (elaborations) • 179 pages • 2024
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A corporation is a legal entity that can buy and sell real estate as set out in its charter. 
Ownership in severalty is property owned by one individual or corporation. 
A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that 
interest to a new owner. The result is a tenancy in common between the new owner and the 
remaining joint tenants
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Florida Real Estate Exam / Florida Real Estate Exam 2024 - 2025 with 100% correct answers GRADED A+
- Exam (elaborations) • 166 pages • 2024
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Florida Real Estate 
Exam / Florida Real 
Estate Exam 2024 - 
2025 with 100% 
correct answers 
GRADED A+ 
Samuel wants to do a 1031 exchange. He sold his 
investment property and has identified the property he'd like 
to buy next. Within how many days must he close on this 
property in order for it to qualify as part of the exchange? - 
ANS-a. 180 
b. 30 
c.45 
d.60 
a. He has 45 days to identify a property he would like to 
purchase and 180 days to close on it, from time of sale. 
In which for...
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