Bargain and sale deed - Study guides, Class notes & Summaries

Abstract of Title A summary and certification by the abstractor of the history of the title to property form the original grant through all subsequent conveyances. Acceleration Clause The clause in a mortgage or deed o trust that can be enforced making the entire debt due immediately upon default of the borrower. Acceptance The expression of the intention of the person receiving an offer (offeree, usually the seller) to be bound by the terms of the offer. Accession Obtai...

Real Estate Appraisal: SAE Fundamentals 2023 Rated 100% Correct The appraisal process requires that the appraiser collect, record and verify -ANS- data on the region, city and neighborhood when choosing comparable sales for the sales comparison approach, property characteristics that should be identical or very similar to those of the subject property include the -ANS- size of lot & building, ager of building and type of construction, number and type of rooms one method of compensation ...

National Real Estate Exam: Transfer of Property/Title Latest Version Graded A+ Title Ownership Ownership Title Deed Transfers the title Involuntary Alienation Loss of property, against will Escheat. Eminent Domain. Foreclosure. Types of Involuntary Alienation Adverse Possession Land occupant (non owner) acquires title of property General Warranty Deed grantor (seller) guarantees clear title to property & can sell it to the buyer MOST Warranty Deeds offer the ___ protect...

NJ REAL ESTATE PRACTICE EXAM 2023/2024 QUESTIONS AND ANSWERS (GRADED A) NJ REAL ESTATE PRACTICE EXAM 2023/2024 QUESTIONS AND ANSWERS (GRADED A) NJ REAL ESTATE PRACTICE EXAM 2023/2024 QUESTIONS AND ANSWERS (GRADED A) NJ REAL ESTATE PRACTICE EXAM 2023/2024 QUESTIONS AND ANSWERS (GRADED A) The type of deed that warrants only that the grantor has not impaired the title during the term in which he held it is referred to as. 1. Quitclaim Deed 2. General Warranty Deed 3. Bargain and ...

Michigan Real Estate Ch. 7 - Transfer of Title to Real Property Questions and Answers 100% Accurate Abstract title - condensed history of the title - provides a summary of all links in the chain of title plus any other public record matters affecting the title - includes legal description of property & summarizes every related instrument in chronological order - one form of commercial title evidence - once completed an attorney must examine it to ensure the chain of title is clear and unbr...

Real Estate Law (RE4049) Exam 2 Already Rated A+ "I accept provided that the premises will be vacated prior to March 1, 2015", is a valid acceptance if communicated to the offeror properly. (T/F) ️False "I accept provided that the premises will be vacated prior to March 1, 2015", is a valid acceptance if communicated to the offeror property. (T/F) ️False "I accept your offer, but I must have you cover closing costs," is an example of: 1. Counteroffer 2. Acceptance ️Counterof...

The type of deed that warrants only that the grantor has not impaired the title during the term in which he held it is referred to as. 1. Quitclaim Deed 2. General Warranty Deed 3. Bargain and Sale Deed 4. Bargain and Sale Deed, CAG - ️️Bargain and Sale Deed, CAG Taxes raised to pay for improvements that benefit real estate are referred to as 1. Special Assessments 2. Facilities Taxes 3. Ad Valorem Taxes 4. Luxury Rates - ️️Special Assessments After Borrowers have...

RE License Test Questions and Answers Latest Update 2024/2025 Graded A+ | Verified. Ashton, an appraiser, is estimating value using the sales comparison approach. He applies more weight to two comparables over several others he used. What process is he utilizing? - answerCorrelation; Through a correlation process, the most weight may be given to one or two comparables, or equal weight may be given to all. The term reconciliation is often synonymous with correlation. Blake is allowed to use ...

The type of deed that warrants only that the grantor has not impaired the title during the term in which he held it is referred to as. 1. Quitclaim Deed 2. General Warranty Deed 3. Bargain and Sale Deed 4. Bargain and Sale Deed, CAG - Answer Bargain and Sale Deed, CAG Taxes raised to pay for improvements that benefit real estate are referred to as 1. Special Assessments 2. Facilities Taxes 3. Ad Valorem Taxes 4. Luxury Rates - Answer Special Assessments After Borrowers ha...

RE License Test Questions and Answers Latest Update 2024/2025 Graded A+. Ashton, an appraiser, is estimating value using the sales comparison approach. He applies more weight to two comparables over several others he used. What process is he utilizing? - answerCorrelation; Through a correlation process, the most weight may be given to one or two comparables, or equal weight may be given to all. The term reconciliation is often synonymous with correlation. Blake is allowed to use his propert...