Trade fixtures Study guides, Class notes & Summaries
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Residential Inspection for Real Estate Agents - Champions School of Real Estate| 409 questions and answers
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Deficiency 
A ________, in the reasonable judgment of the inspector, is a condition that adversely 
and materially affects the performance of a system, or component. 
 
 
 
Inspection 
Process of examining accessible items, and 
reporting their condition 
 
 
 
RESPA 
Prohibits abusive practices like undisclosed 
referral fees and kickbacks. Designed to help consumers become more knowledgeable of settlement services costs. 
 
 
 
Departure Provision 
The inspector may not inspect an item if the ...
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INDIANA REAL ESTATE EXAM PREP REVIEW
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Land - Answer-Surface and all natural things attached to it, subsurface and air above the surface 
 
Zoning Administration - Answer-Zoning Board of Adjustment oversees rule administration and appeals 
 
Real estate - Answer-land plus manmade permanent attachments 
 
Real property - Answer-real estate plus bundle of rights 
 
Bundle of Rights - Answer-Possess Use Transfer Exclude Encumber 
 
Physical Characteristics - Answer-Immobility; indestructibilit; hetoerogeneity 
 
Immobility - Answer-Land...
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NATIONAL REAL ESTATE EXAM PRACTICE TEST Answered 100% Correctly 2024
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NATIONAL REAL ESTATE EXAM PRACTICE TEST Answered 100% Correctly 2024 
NATIONAL REAL ESTATE EXAM 
PRACTICE TEST Answered 100% 
Correctly 2024 
In most cases, broker compensation, as a percentage of home price, falls 
somewhere between: 
5-7% 
A Christian organization owns a fourplex. It wants to rent to only Christian tenants. 
Under the federal Fair Housing Act, is this legal? 
Yes. Religious organizations which rent to tenants for residential purposes are 
exempt from the Fair Housing Act ...
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REE 4103 Exam 1 Questions with Complete Solutions
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The concepts of land are Correct Answer-Legal, geographic and environmental, economic, and social. 
 
For appraisal purposes, market value may be defined as Correct Answer-The most probable selling price 
 
Appraisal is Correct Answer-The act or process of developing an opinion of value. 
 
What is Chattel? Correct Answer-Personal property is generally considered property that is movable,[1] as opposed to real property or real estate. 
 
What is a fixture? Correct Answer-any physical property th...
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Test Bank for Business Law and the Legal Environment, Version 3.0 by Don Mayer
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Test Bank for Business Law and the Legal Environment Version 3.0 by Don Mayer, Daniel Warner, George Siedel, and Jethro K. Lieberman. Full Chapters test bank are included - Chapter 1 to 53 
 
Chapter 1: Introduction to Law and Legal Systems 
1.1 What Is Law? 
1.2 Schools of Legal Thought 
1.3 Basic Concepts and Categories of U.S. Law 
1.4 Who Makes the Law 
1.5 Legal and Political Systems of the World 
1.6 A Sample Case 
1.7 Summary and Exercises 
Chapter 2: Introduction to Corporate Social Resp...
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ACEABLE REAL ESTATE PRINCIPALS 1 EXAM PRACTICE TEST 2024/ACTUAL EXAM QUESTIONS WITH CORRECT DETAILED AND VERIFIED ANSWERS/LATEST UPDATE 2024-2025/ALREADY GRADED A+
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ACEABLE REAL ESTATE PRINCIPALS 1 EXAM PRACTICE TEST 2024/ACTUAL EXAM QUESTIONS WITH CORRECT DETAILED AND VERIFIED ANSWERS/LATEST UPDATE /ALREADY GRADED A+ 
 
What is a REALTOR®? - CORRECT ANS:->>>- a member of the National Association of Realtors®. 
 
Which of the following is NOT a category of the NAR® Code of Ethics? - CORRECT ANS:->>>- Duties to lenders 
 
Select the statement that describes why trade fixtures are considered personal property.- CORRECT ANS:->>>- ...
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Pearson Vue Exam Questions & Answers, 100% Accurate, rated A+
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Pearson Vue Exam Questions & Answers, 100% Accurate, rated A+ 
 
 
Real property interests include... - -an appurtenance that goes with the land. 
 
Examples: buildings, fences, trees, water rights, the ground below, mineral rights, air rights, easements 
 
What is a form of ownership that is restricted to husbands and wives? - -Tenancy by the entirety. 
 
Each owns the entire parcel. Neither can separately convey and interest during the other's life time. On the death of a spouse, the survivo...
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Metro Brokers Final Exam Practice Test | Questions with 100% Correct Answers | Verified | Latest Update 2024
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A Restaurant owner installed booths in a small shop. Later he decided to move to a bigger 
location. Can he take the booths and save some money? 
a. No, the booths are attached to the building 
b. Maybe, depends how he attached the booths 
c. Yes, the booths are trade fixtures and can be removed prior to the end of the lease. 
d. Yes, the booths are trade fixtures and can be removed any time 
e. No, the booths are fixtures since they are attached. - c. Yes, the booths are trade fixtures and can ...
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NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED
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NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED 
In most cases, broker compensation, as a percentage of home price, falls somewhere between: 5-7% 
A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act 
What happens to trade fixtures after a business moves out of a leased property? The tenant remo...
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Barney Fletcher Real Estate Exam 2024 with Complete Solutions.
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Barney Fletcher Real Estate Exam 2024 with Complete Solutions. 
False - ANSWER-Surface rights consist of only the right to control, occupy, and use the 
surface area of a parcel of real estate. T/F? 
D - ANSWER-Mineral rights are: 
A. Always considered to be personal property 
B. Always pass with the land 
C. Cannot be sold separately from the land 
D. Pass with the land, unless otherwise specified in the deed 
C - ANSWER-Which of the following is NOT an improvement of land? 
A. Building 
B. Sid...
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