Abutting owner - Study guides, Class notes & Summaries

Arizona Real Estate Exam Questions and answers/ John makes an offer to Joe, and Joe makes a counter offer. Joe dies before the counter offer is accepted. What is the contract status? A. Valid B. Void C. Enforceable D. Bilateral - -B. Void 1031 Exchange - -A transaction that, under provisions of Section 1031 of the Internal Revenue Code, allows a taxpayer to sell an investment property and purchase another investment property in its place without paying capital gains on the proceeds...

Florida Real Estate - Chapter 8 - Property Rights Questions and Answers 100% Pass Real property - Correct Answer ️️ -includes all real estate plus the bundle of rights inherent in the ownership. * term interchangeable with real estate. riparian rights - Correct Answer ️️ -associated with land abutting a flowing waterway such as stream. property owner does not own stream, but has right to use it for fishing or boating littoral rights - Correct Answer ️️ -land abutting tidal bod...

Real estate- 2024 The concerns of the federal government in regulating real property right's include - ️️ - Discrimination Which of the following is included in the bundle of rights inherent in ownership - ️️ - To transfer What are three unique physical characteristics of land? - ️️ - Immobile, indestructible, heterogeneous The concept that the state controls all bodies of water is called - ️️ - The doctrine of prior appropriation Which government entity is the primary ...

Real versus personal property - ANSWER real property: Real estate and the bundle of rights Personal property: all property that is not land or permanently attached to land, excepting trade fixtures and emblements. Physical characteristics of land - ANSWER immobility, indestructibility, and heterogeneity. Metes and Bounds - ANSWER describes property by landmarks, monuments, distances and angles. From point of beginning (POB) and returns to POB Rectangular Survey System - ANSWER uses ...

80/20 Rule Rule - Answer that says in order for individual shareholders to continue to be able to write off yearly taxes and mortgage interest, no more than 20 percent of a co-op's yearly income can come from non-shareholder sources. Abandonment - Answer The failure to occupy and use property, which may result in a loss of rights. Absolute The complete bundle of rights belongs to the owner. Abutting Property - Answer Parcels of land directly contiguous, sharing at least one commo...

1031 tax-deferred exchange - Answer- Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest in a "like-kind" property and defer paying any capital gains taxes; strict IRS rules regulate this type of exchange Ex. Real estate investors can take advantage of the 1031 tax-deferred exchange to defer capital gains taxes when selling a property, provided the money is rolled into another "like" purchase abutting - Answer- Land parce...

MASSACHUSETTS REAL ESTATE TEST DEFINITIONS: COMPLETE EXAM REVIEW 4C's - -Capacity, capital, collateral, and credit which are used by a lender to assess a buyer's ability to repay a loan 6D Certificate - -Certifies that all condo fees have been paid up to the date of closing; required for all condo closings in Massachusetts 21E Certificate - -Certifies that property is free from contamination 203(b) - -FHA financing program for anyone purchasing a primary 1-4 family, owner-occupied r...

Abandonment - Answer-the relinquishment of all rights and title to a property with no intention of reclaiming ownership Abutting Owner - Answer-An owner whose land touches a highway or other public place. Acceleration Clause - Answer-A clause in a mortgage or installment contract stating that upon default of payment due, immediate and full payment of the balance of the obligation becomes due and payable Access Right - Answer-The right of property owner to have ingress and egress to and from h...

Hawaii Real Estate 2024 Exam!!

Wrongful or criminal deception intended to result in financial or personal gain is called: - Answer- fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - Answer- 90 days __________ extend above the surface without limitation. - Answer- air rights An example(s) of an appurtenance would be: - Answer- easements There is no upper limit on the value of a Texas homestead. - Answer- true A(n) __________ is one that combines some of ...