Appurtenant - Study guides, Class notes & Summaries
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principal of real estate 1 final exam with 100% correct answer
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One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): 
 
A) attorney-in-fact 
B) broker with a listing 
C) special agent 
D) attorney-at-law 
attorney-in-fact 
 
 
 
No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: 
 
A) township 
B) section 
C) scarcity 
D) nonhomogeneity 
nonhomogeneity 
 
 
 
The five essential elements that make a contract valid are: comp...
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Scott's Michigan Real Estate Brokers Test Prep. Exam Questions And Correct Answer New Update
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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...
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Community Association Manager Licensing Accurate 100%
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Community Association (Definition) - ANSWER a residential homeowners' association in which membership is a condition of ownership (mandatory) of a unit in a planned unit development, or of a lot for a home or a mobile home, or of a townhouse, villa, condominium, cooperative, or other residential unit which is part of a residential development scheme and which is authorized to impose a fee (assessment) which may become a lien on the parcel. 
 
Assessment - ANSWER The amount of money a unit or pa...
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Michigan Builders License Exam Study Guide|2023 LATEST UPDATE|GUARANTEED SUCCESS
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What is the first offense penalty for engaging in the practice of residential building without a license? 
Not less than $5,000 and not more than $25,000 and/or one year in prison. Subsequent violations can extend the prison time to up to 2 years. 
 
 
 
What is the penalty for engaging in the practice of residential builders license, resulting in a death? 
Not less than $5,000 and not more than $25,000 and/or four years in prison 
 
 
 
On your individual builder's license application, what sh...
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NC Real Estate Exam Practice with Complete Solutions
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Real Property the land and everything that is permanently attached to the land or appurtenant 
(goes with) the land 
Personal Property/Personalty all property that is not real property; movable; personal 
property also referred to as chattels 
Test of Personal versus Real Property "IRMA" 
Intent 
Relationship 
Method of Attachment 
Adaptation 
Land Earth's surface extending downward to the center of earth and upward to 
infinity;includes all things permanently attached by nature
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Colibri Real Estate (Real Estate Express) Final Exam 2024 Questions with 100% Correct Answers | Verified | Latest Update
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1.	1. When do growing crops become personal property? 
A.	Upon constructive severance 
B.	When the landowner sells the entire property to another 
C.	When they are planted 
D.	At the end of the tenancy 
ANS A 
2.	2. A case involving questions of both federal and state law may be brought in 
 
A.	state court only 
B.	federal court only 
C.	state or federal court 
D.	a special court that is reserved for cases with mixed federal and state issues 
ANS C 
3.	3. Which type of easement burdens the serv...
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Nebraska Real Estate Sample Test Questions | 100% Correct Answers | Verified | Latest Update 2024 | 54 Pages
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The earth's surface extending downward to the center of the earth and upward into space, including all 
things permanently attached, is known as: 
A) Real Property 
B) Real Estate 
C) Land 
D) A bundle of legal rights - D) A bundle of legal rights 
Moveable objects, which are not considered real estate, are known as: 
A) Real property 
B) Personal property 
C) Fixtures 
D) Emblements - B) Personal Property 
The permanent right to use another's land for the benefit of a neighboring parcel is kn...
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Real estate appraisal principles and procedures Question and answers correctly solved
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Real estate appraisal principles and procedures Question and answers correctly solved Real estate appraisal principles and procedures 
 
 
REAL ESTATE 
 
Is the physical land and improvements 
 
 
Real property 
 
Is "the interest, benefits, and rights inherent to the ownership of real estate". These include the land, anything permanently attached or affixed to the land, anything incidental or appurtenant to the land, and anything immovable by law. 
 
 
 
Bundle of rights 
 
Bundle of rights i...
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Community Association Manager Licensing Exam Questions and Answers 100% Accurate
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Community Association Manager Licensing Exam Questions and Answers 100% AccurateCommunity Association Manager Licensing Exam Questions and Answers 100% AccurateCommunity Association Manager Licensing Exam Questions and Answers 100% Accurate 
Community Association (Definition) - ANSWER-a residential homeowners' association in which membership is a condition of ownership (mandatory) of a unit in a planned unit development, or of a lot for a home or a mobile home, or of a townhouse, villa, condomi...
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Washington Real Estate AMP National Cram Exam 5 with correct Answers
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Washington Real Estate AMP National Cram 
Exam 5 with correct Answers 
The right to limited use, but not to the possession of someone else's real property is: 
A) a deed restriction 
B) an easement 
C) a mortgage 
D) a lease - Ans ️️ -B) an easement 
Feedback: 
Correct: If an outside person has an easement across the owner's property, they have limited use. 
They cannot possess the land and build a home. A lease allows temporary estate/possession of 
the leased property. 
Allen owned a lot...
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