Encumber - Study guides, Class notes & Summaries

WA Fundamentals Final Exam Questions and Answers Already Passed A $4,500 earnest money check bounces because of insufficient funds. The first thing the broker should do is: A. notify escrow to charge this amount, plus the bounced check fee, to the buyer B. Notify the borrower C. Notify the principals D. Write a personal check for $4,500 to cover the shortage C. Notify the principals A and B sign a rental agreement in which A agrees to lease her property to B in exchange for rent...

The most common manner in which to transfer risk in real estate property management is through the use of: A. indemnification agreements. B. insurance policies. C. hold harmless agreements. D. release of liability forms. CORRECT ANSWER B. In risk management, the most common and effective manner in to transfer risk is by the use of insurance policies. The property owner pays a premium, and the insurance company takes on the liability for the occurrence of the insured event. Which of the...

Real estate appraisal principles and procedures Questions with complete solution 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 includ...

MIE 305 Final Exam Study Guide with Complete Solutions Possession Bundle of Right that is the right to claim title over the property, one exerts dominion and ultimate power over it Control Bundle of Right that is the right to decide how the property is to be used, or employed Enjoyment Bundle of Right that is the means by which the rights-holder can decide how to use the property. Others can violate this through the law of nuisance. Exclusion Bundle of Right that gives the righ...

Rockwell Exam Real Estate Classes WA Final Exam 1 Questions and Answers Already Passed A $4,500 earnest money check bounces because of insufficient funds. The first thing the broker should do is: A. notify escrow to charge this amount, plus the bounced check fee, to the buyer B. notify the borrower C. notify the principals D. write a personal check for $4,500 to cover the shortage C. notify the principals Both principals (the buyer and the seller) are parties to the escrow instr...

Real Estate Colibri Practice Exam Questions And Answers Which item below can help protect against a home with a listed incorrect street address or legal description in public records? - ANS Standard coverage title insurance policy and extended coverage title insurance policy Robert owns his property and enjoys the full bundle of rights. Can he use his property as collateral for debt? - ANS Yes. Robert can encumber his property Which location is an industrial coal plant least likely...

Encumber, Access, Use, Transfer, Exclude are all __________ - Bundle of Rights Real Property that you can touch is __________ - Corporeal Real Property you can NOT touch is __________ - Incorporeal Chattel is __________ - Personal Property Adjoining landowners that have the right to use the water is called __________ - Littoral Rights Enabling Legislation is __________ - Police Power Taking private property for public us is __________ - Eminent Domain

Which item below can help protect against a home with a listed incorrect street address or legal description in public records? - CORRECT ANSWER-Standard coverage title insurance policy and extended coverage title insurance policy Robert owns his property and enjoys the full bundle of rights. Can he use his property as collateral for debt? - CORRECT ANSWER-Yes. Robert can encumber his property Which location is an industrial coal plant least likely to be located? - CORRECT ANSWER-Adjacent...

Indiana Real Estate Exam Prep Review, Verified Solution Land Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration Zoning Board of Adjustment oversees rule administration and appeals Real estate land plus manmade permanent attachments Real property real estate plus bundle of rights Bundle of Rights Possess Use Transfer Exclude Encumber Physical Characteristics Immobility; indestructibilit; hetoerogeneity Immobility Land cannot m...

Land - Answer-Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration - Answer-Zoning Board of Adjustment oversees rule administration and appeals Real estate - Answer-land plus manmade permanent attachments Real property - Answer-real estate plus bundle of rights Bundle of Rights - Answer-Possess Use Transfer Exclude Encumber Physical Characteristics - Answer-Immobility; indestructibilit; hetoerogeneity Immobility - Answer-Land cannot mov...