Utility easements - Study guides, Class notes & Summaries

Scott's Michigan Real Estate Brokers Test Prep. Exam Questions And Correct Answer New Update A neighbor had encroached on a property but the owner did not complain within the legally specified time period. The neighbor would obtain rights to the land by: A » license B » easement by necessity C » easement by prescription D » easement in gross - Answer -(C) An encroachment (fence, tree limb, etc.) that remains for a lengthy period can become an easement by prescription (continuous, ope...

developer's key objective - generate risk-adjusted returns that create value and are able to manage risk balance of land use - quiet enjoyment (private), eminent domain/takings/just compensation (public purpose), rights of police power, due process 5th, 5th, 10th, 14th amendments building codes - older than zoning; fire, sanitation and injury building shapes and sizes determined by - legally permissible, physically possible, market feasible cash flow drivers - revenue operating expenses...

EXAM QUESTIONS AND CORRECT ANSWERS 2024/2025 GRADED A+. 2 / 3 1. Land: The surface of the earth and everything above and beneath it . 2. Attributes ofLand: Permanent, Unique, Finite Supply, Functional and Stationary 3. Characteristics of Land: Demand, Utility, Scarcity and Transferability 4. Raw land: unimproved land in its natural state prior to grading, construction andsubdividing. 5. Agricultural land: referred to as undeveloped land except when platted subdivi-sion 6. Improved land:...

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...

11.31 pollution control exemption - person is entitled to exemption from taxation in whole or part for a facility or device that is used for the control of air, land or water pollution Ineligible for this exemption: property used to manufacture the devices, property used for residential or recreational purpose Must file permit application/exemption with the TCEQ (Texas Commission on Environmental Quality). Deadline is January 31 23.23(a) sets a limit on the appraised value of a residence h...

Kansas Law Questions Graded A+ Section 1: ️Activities requiring a real estate License Who enacts the real estate law in Kansas? ️Kansas Legislature In order to auction real estate in Kansas and receive a fee, one must: ️Obtain a real estate license in Kansas A person was employed by a utility company to acquire gross easements on behalf of the utility. Which of the following statements is true? ️No license would be required if the person acquired easements, not appurtenant ...

The property tax is an ____ __________ tax, meaning it is based on value. - Answer- ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. - Answer- discovery listing valuation The taxable location of personal property is referred to as its __________. - Answer- situs An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. - Answer- an appraisal A jurisdiction's...

Basic Appraisal Procedures Study Guide The appraiser -Answer-Who is responsible for identifying the intended use of an appraisal? Valuation process -Answer-A step-by-step procedure that can be applied to any type of appraisal assignment. No -Answer-Does an appraiser's client always have to directly engage him? False -Answer-The effective date of the valuation must be the date on which the appraiser inspected the subject property. Maximally productive -Answer-In highest and best use anal...

Texas Principles of Real Estate 1 (2023/ 2024) Exam | Guide with Questions and Verified Answers| 100% Correct Q: curtsey rights Answer: right a husband has to his wifes estate upon her death Q: fee simple defeasable Answer: a gift of land by a person or GRANTOR Q: Life Estate Answer: an estate in land for the duration of someones life (always a gift of land/ real estate) Q: Homestead Answer: Texas is a Homestead State. The property that you own an...

NC 2024- real estate broker pre-licensing Exam Latest Update with Verified Solutions Syndication - Answer -Two or more forms joining together as an entity to own real estate Estate in severalty - Answer -Ownership by one individual Concurrent ownership - Answer -Two or more persons share ownership with undivided interests Tenancy in common - Answer -Co-ownership without right of survivorship to other owners Police power - Answer -The broad right of the government to place reasonable restri...