Torrens title system - Study guides, Class notes & Summaries

Under the _______ of recording, title passes when the conveyance is registered on the title certificate. - ANS Torrens System Ownership of a property reverted to the grantor of the estate when its usage failed to conform to a stated condition in the grant. What type of estate existed? - ANS Fee Simple Defeasable How does Planned Unit Development zoning differ from ordinary zoning? - ANS It requires that multiple tracts of land be developed according to a single design for efficien...

Under the _______ of recording, title passes when the conveyance is registered on the title certificate. Torrens System Non-judicial foreclosure is required to foreclose on a Deed of Trust A broker induces an owner to sell by telling him that Muslims are moving into the neighborhood. This broker is guilty of Blockbusting What type of agency cannot be revoked by the principal, nor is terminated if the principal dies? Agency coupled with an interest Ownership of a property reverted to ...

Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - Answer- Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer- Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity...

Barney Fletcher GA Section 2 Exam Questions and Answers Title - Answer-The right to, ownership of land. Alienation of title - Answer-any change of ownership THREE TYPES OF TITLES - Answer-LEGAL TITLE EQUITABLE TITLE BARE LEGAL TITLE legal title - Answer-The right of ownership possession,use,occupancy,and enjoyment of a parcel of real property held by an owner. Equitable Title - Answer-The interest in a piece of a real estate held by a buyer under a real estate sales contrac...

Law 2024- Real Estate Law & Conveyancing Exam || Questions & Answers (Graded A+) Law 2024- Real Estate Law & Conveyancing Exam || Questions & Answers (Graded A+) Leasehold Property - ANSWER - What type of property is where the registered owner owns only the structure on the land that is leased from the Government or First Nations band for a period of time Conflict check - ANSWER - What is it called when you must conduct a type of search to ensure you can act on behalf of the purchaser or ...

Lease - ANSWERExclusive right to occupy Mortgage - ANSWERproperty as security for a debt Easement - ANSWERThe right to use in some way Restrictive covenant - ANSWERa covenant imposing a restriction on the use of land so that the value and enjoyment of adjoining land will be preserved. License - ANSWERContractual right to use in some way Lien - ANSWERa right to keep possession of property belonging to another person until a debt owed by that person is discharged. Ex. Mechanic fixes...

BLAW211 Study Test Questions and Correct Answers Describe Leasehold Estate - Answer-Leasehold estate refers to the exclusive right of a tenant to occupy a property for a period of time. - written lease agreement between the owner and the tenant The Three categories of leasehold estate - Answer-1. Tenancy for a term of years - a lease for a period of time with specific start & end date 2. Periodic tenancy - a lease which is automatically renewed at the end of the period (year to year,...

Barney Fletcher GA Section 2 Exam Questions and Answers Title - Answer-The right to, ownership of land. Alienation of title - Answer-any change of ownership THREE TYPES OF TITLES - Answer-LEGAL TITLE EQUITABLE TITLE BARE LEGAL TITLE legal title - Answer-The right of ownership possession,use,occupancy,and enjoyment of a parcel of real property held by an owner. Equitable Title - Answer-The interest in a piece of a real estate held by a buyer under a real estate sales contract, ...

Barney Fletcher Real Estate Exam 2024 Updated Questions with Verified 100% Correct Answers Latest Edition Barney Fletcher Real Estate Exam: 2024 Updated Questions with Verified 100% Correct Answers | Latest Edition combining two or more contiguous parcels of real estate into a single parcel under one ownership - Assemblage an increase in value resulting from assemblage - plottage personal property that is permanently attached to real property and goes with the property when its sold - ...

lenders bear less risk in making an FHA loan beacuse the FHA - ANSWERSFHA is default insurance that will pay a claim to a lender in the event of a default by the homeowner portfolio loan - ANSWERSretained by the lender and it is not sold in the secondary market. commercial banks are active in residential mortgage lending an appropriate loan for a property in need of significant rehabilitation would be - ANSWERSconstruction to permanent loan a borrower plans to be in a home long term, or...