C a judgement lien - Study guides, Class notes & Summaries

BF Cram Exam 5 Questions & Answers 2024 In which way are a mortgage and a mortgage note similar? A. both are non negotiable instruments B. both are debt reducing instruments C. both are contracts D. both promise to pay the debt and are instruments of conveyance - ANSWER-C. both are contracts All of the following are collateral (security) for the debt except: A. mortgage B. note C. security deed D. trust deed - ANSWER-B. note What type of foreclosure does a lien theory stat...

CT Real Estate Exam General: Property Ownership Rated A+ Survey location and dimension of property Real Property The house and land Personal Property everything but the house and land Improvement Addition to the property or land Vertical Land description Defining the Air rights Fixture once-moveable items attached to real property Trade fixture a fixture that is not attached to real property. Used in Commercial settings. EX: freezer at restaurent. Annexation Personal Property becoming Rea...

Vessels Required to be Documented - Answer 5+ Tons engaged in fisheries, Great Lakes or Coastwise except: a)Vessel that doesn't operate in US Nav Waters b) non-self propelled vessel within harbor, in whole/part rivers or inland lakes of US, canals, internal waters. Requirements met for Documentation - Answer US Citizen, 5+tons, may be documented with these two including vessels for pleasure and in foreign trade. Special Markings Interior of Doc. Vessel - Answer Official # abbreviated by N...

b. Crops What is not an improvement of land? a. Sewers b. Crops c. Buildings d. Rooms b. Can never be changed. A geographic location of any parcel of land: a. Can be changed as some substances are removable from the land. b. Can never be changed. c. Can be changed because the topography can be changed. d. Can be changed only under certain legal circumstances. a. Was valid even though the owner did not know about it. Both the utility company dug up Frank's garden to install a n...

California Real Estate Principles Exam Questions With Answers Latest Update 2024 (VERIFIED) Reed vs. King Case (Ans- Must disclose death (and manner of death) on a property if occurs within 3 years, except AIDS Jones vs. Mayer Supreme Court Decision (1968) (Ans- Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights Act of 1968) Easton vs Strassburgar (Ans- Seller disclosures to third parties AND agent visual inspection of...

CRCS - PRACTICE EXAM A > Credits and Collections Already Passed A liability for an injury or wrongdoing by one person to another resulting from a breach of legal duty is: a. Bad deb b. Tort liability c. Judgement d. Indigent b. Tort liability Which of the following is not a recommended element of a written collection policy? (select one) a. Minimum acceptable payments b. Courtesy discharge policy c. Discount policy d. Charity care requirements and protocols b. Courtesy disc...

Rockwell Real Estate Classes WA Final Exam 1 | Questions, Answers and Rationales A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben die...

WA FUNDAMENTALS FINAL EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. Which of the following is most likely to be considered a fixture? A. Draperies B. lamp C. Plumbing D. Washing Machine - -C. Plumbing A life estate will last until: A. Economic conditions render it unfeasible B. The death of the grantor C. the death of the recipient D. the recipient moves out - -C. the death of the recipient The deed that states that there is A. Grant Deed B. Bargain and sale deed C. Quit...

Rockwell Real Estate Final Exam Questions and Answers Latest 2023/2024. The interest that passes to a designated person upon the death of a life tenant (or other measuring life) is a fee simple estate. Will has a remainder interest only up until the moment Ben dies. Once Ben is dead, Will's interest immediately becomes a fee simple interest. A buyer accepts a general warranty deed from a seller, believing that the seller is the sole owner of the property. The buyer later finds out that the...

Rockwell Real Estate Final Exam Questions and Answers Latest 2024 (GRADED) A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainde...