Bounds descriptions - Study guides, Class notes & Summaries

McKissock Learning - Basic Appraisal Principles Exam Questions And Answers 100% Solved repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - answermortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - answerA The public restriction on property rights that allows the government to place a lien on a pro...

Pennsylvania Certified Evaluator Exam Questions with Correct Answers Updated Latest (Graded) base year - correct answereffective date of the appaisers opinion is on ethic rule - correct appraiser must promote & perserve the public trust st standards of professional ethics 3. conduct, managemant, confidentiality appraiser must act competenty and in a manner that is - correct answerindependent, impartial, objective what does uspap stand for - correct answeruniform standards of the proffess...

Texas Real Estate Exam Prep 100% Pass Appurtenance Describes rights, privileges or improvements that belong to and pass with land. Improvements Man's additions to the land such as buildings and landscaping. Air rights Right to use open space above your land. Sold or leased; can be transferred by easement. Can be taxed separately from land. Riparian rights Right to use water from river or stream that borders your property. Littoral rights The right to use water from a lake or ocean Land des...

What are the three types of descriptions nationally? Metes & Bounds Government Survey Lot & BLock What is metes & bounds? Uses markers, stakes & monuments Written by surveyors Most acceptable in NC Are metes distance or direction? Distance Are bounds distance or direction? Direction What are the 4 elements of metes & bounds? Point of beginning Distance Direction Closure What size is a township? 6 miles x 6 miles How many sections in a township? 36 sections How many ac...

Massachusetts Real Estate Exam Questions and Answers Graded A Bundle of Rights An ownership concept describing all the legal rights that attach to the ownership of real property. ( posession, control, enjoyment, exclusion, disposition) Personal Property Chattel; movable/ portable; everything that "falls out" of a house that is turned upside down Riparian Rights "R" ivers; rights along flowing waters such as rivers and streams; navigable ( to waters edge) non-navigable ( to middle) Li...

Pennsylvania Certified Evaluator – Exam Questions with Answers Updated Latest (GRADED A+) supply and demand - correct answerhigh demand low supply = increase low demand high supply = decrease intangible - correct answercant be seen or touched scope of work rule - correct problem to be solved mine & perform the scope of work necessary to develop credible assignment results 3. disclose the scope of work in the report base year - correct answereffective date of the appaisers opinion is on...

An assessor's parcel number is? - ANSWER Used extensively by real estate brokers, appraisers, and investors to assist in identifying real properties. (T/F) Real estate refers to land, its improvements and the rights to own or use them. - ANSWER True (T/F) Street addresses are legal descriptions. - ANSWER False (T/F) A section of land is divided into 36 one-mile square units. - ANSWER True (T/F) The Texas Water Code states that waterways belong to the State of Texas. - ANSWER Tr...

Gold Coast Florida Real Estate Exam - Chapter 10 Complete Questions with correct Answers Legal Descriptions Legal Descriptions are used to identify a parcel's location. There are four methods to describe property. Name those Monuments Method Metes and Bounds Government Survey Plat or Lot and Block Monuments Method Uses landmarks to establish boundaries Metes and Bounds is also known as the surveyor's method Metes are measurements of distance such as feet, inches,...

Kansas Salesperson All Answers Correct An appraiser, in appraising a residential property, notices that there has been an increase in sales of houses in the area. Which valuation approach would be best for the appraiser to use in estimating the value of the resident property? A. Gross Rent Multiplier B. Direct Sales Comparison ( market data approach) C. Cost D.Income B. Direct Sales Comparison (Market Data Approach) An appraiser should lend most validity to the market data appro...

GA MLS midterm review Exam Study Guide With Verified Solutions. Conditions of terminating a contract - answerREEP SAD -Revocation (client) or Renunciation (agent) -Expiration -Extinction -Performance (BEST WAY TO TERMINATE CONTRACT!!) -Supervening Illegality (eminent domain) -Agreement -Death Bundle of Legal rights - answerOwnership rights to real property DEEP-C disposition enjoyment exclusion Possession control Economic Characteristics of Real Estate - answerSLIP: Scarcity, ...