Appurtenances - Study guides, Class notes & Summaries

What is the function of a Bill of Sale? Of a Deed? Correct Answer-Answered by to sell personal property, deed: sale of real property_____ real estate Real property consists of what two (2) elements? Answered by____________ Correct Answer-land , attachments / appurtenances ( runs with the land ) Real property includes what three (3) rights? Might these rights be separated? How? Answered by__________ Correct Answer-water rights , minerals rights, air rights These can be sold or leased s...

Principles of Real Estate Questions With Correct Answers. All of the following are participants in the market except: A. Owner B. Renter C. Developer D. TREC D. TREC In order to apply for a broker's license in Texas, the applicant must have been licensed in Texas as a salesperson with an active license for: A. 5 years of the previous 60 months B. 3 years of the previous 48 months C. 2 years of the previous 36 months D. 4 years of the previous 60 months D. 4 years of the previou...

Pearson Vue National exam prep Real Estate, Questions And Correct Answers With Complete Verified Solutions Appurtenance including rights, privileges, and fixture Fixtures items attached to improvements with the intent to become real estate. Evident by the following: attachment/annexation, adaptation, or agreement. Transfer via a deed UNLESS they contract excludes them Emblements (crops) are exceptions. Trade fixtures are also exceptions Land and all appurtenances transfer via de...

Colorado Law and Practice - Real Estate Questions and Answers 100% Pass Real Property - Correct Answer ️️ -- Land plus appurtenances. - Man-made appurtenances. - Natural appurtenances. - Air, gas, solar, light and sound, mineral and surface rights. - Water rights. Livery of Seisin - Correct Answer ️️ -I own it and I have the right to sell it. 5 Economic Characteristics of Land - Correct Answer ️️ -D - Demand U - Utility or Usefulness S - Scarcity: sells quickly if available...

Railroad Commission of Texas LP-Gas Safety Rules 1. The commission does not adopt language in any NFPA rule, chart, figure or table pertaining to any LP-Gas container having a water capacity of _____________ gallon (______pounds LP-gas capacity) or less. - Answer- 1. The commission does not adopt language in any NFPA rule, chart, figure or table pertaining to any LP-Gas container having a water capacity of _____________gallon (______pounds LP-gas capacity) or less. of ____one___gallo...

1. A bill of sale is used to transfer the ownership of a. real property. b. fixtures. c. appurtenances. d. personal property. - d. personal property. 2. The use of borrowed money to finance a purchase with a relatively small down payment is called a. an encroachment. b. leverage. c. capital gain. d. appreciation. - b. leverage. 3. A real estate licensee helps both buyers and sellers with paperwork for transferring property. The licensee is not an agent of either party and may not disc...

Time share - ANSWER A right to occupy a unit during 5 or more separate time periods over a period of at least 5 years, can be freehold or non-freehold estate What are other names for a time share? - ANSWER Vacation lease, prepaid hotel reservation, club membership, limited partnership or vacation bond How long does someone have to cancel a time share contract? - ANSWER 5 days How long must a time share developer keep money in a trust account? - ANSWER 10 days before moving to operating ...

The rights and obligations inherent in the ownership of a unit in a condominium are Appurtenances to the Unit The original corporate structure of a condominium association is established in the Articles of Incorporation A claim of Lien on a condo unit for delinquent assessments is in effect from the time of recording for a period of 12 Months The process for obtaining a community association manager's license, renewal provisions and standards of professional conduct us set forth in t...

The rights and obligations inherent in the ownership of a unit in a condominium are - Appurtenances to the Unit The original corporate structure of a condominium association is established in the -Articles of Incorporation A claim of Lien on a condo unit for delinquent assessments is in effect from the time of recording for a period of -12 Months

FL CAM Practice Exam 1 Questions And Correct Answers. Complete Solution 2024 After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: A.$50,000 B.$75,000 C.$100,00 D.$125,000 C. A type of joint ownership of real estate where legal title is not vested in the individual, but the individual receives the right to occupy a unit, is a: A. mob...