Encumbrance - Study guides, Class notes & Summaries

Pact de non Alienando - ANSWER-Clause contained in the mortgage or other encumbrance agreement whereby the obligor agrees not to sell, engage, alienate or mortgage the same property to other persons to the prejudice of the mortgage Corporate Resolution - ANSWER-An official written certificate of the corporations secretary that the resolution was adopted by the corporations board of directors Confession of Judgment - ANSWER-A person's agreement in a mortgage to the entry of judgment if he ...

_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - Answer- Closing The primary determinants of real estate values are supply and _____. - Answer- Demand _____ is something of value that can be pledged as security for repayment of a loan. - Answer- Collateral Servicing includes which of the following activities? - Answer- Maintaining records of payment The monet...

Encumbrances Questions & 100% Verified Correct Answers with complete solutions (Latest update 2024 2025

MA Real Estate Exam study guide. Notes have been taking directly from book and other recourses. 2024 Types of Property: Personal property -Answer-Refers to land/things that are moveable& tangible. furniture, tv, swings, artificial plants Types of Property: Real property -Answer-Refers to land/things that are permanently attached. plants, building tree, ground minerals Land Characteristics: Physical, Immobility -Answer-Land cannot be moved Land Characteristics: Physical, Indestructibility...

TITLE - Answer-The right to or Ownership of Real Property Freehold Estates (ownership of undetermined length) 2 main categories - Answer-1. Estates of Inheritance 2. Estates NOT of inheritance Fee - Answer-Fee - a right to the use of land Simple - not constrained Estates of Inheritance - 3 categories - Answer-1. Fee Simple Absolute (complete ownership - best kind) 2. Fee Simple Defeasible (aka QUALIFIED FEE) (can be terminated)!!! * Fee Simple Determinable (based on time - no...

Which of the following would NOT be considered Real Property? 1. Mineral Rights 2. A Leasehold Estate 3. Fixtures 4. Air correct answer: 2. A Leasehold Estate The servient estate in an easement appurtenant is the property 1. owned by the landlord 2. on which the easement is placed 3. owned by the tenant 4. that benefits from the easement correct answer: 2. on which the easement is placed Which of the following statements concerning encumbrances is NOT true 1. All encumbran...

ASREB National Test A-4 Questions and Answers 100% Verified Recording easements do which of the following? Place an encroachment on the property Place an encumbrance on the property Place a lien on the property Places a deed restriction on the property Answer-Place an encumbrance on the property

Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - Answer- Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer- Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity...

At a closing Buyer Betsy and George were provided a deed to transfer the property to them from the seller. What type of deed would Buyer Betsy and George most likely receive from the seller at closing if there were no issues at all with the title of the property? - Answer- General Warranty Deed When transferring the property to Buyer Betsy and George the seller would need to sign the deed as the ______ and Buyer Betsy and George would need to sign the deed as ________? A. Grantor/Grantee ...

MA Real Estate Exam study guide. Notes have been taking directly from book and other recourses. 2024 Types of Property: Personal property -Answer-Refers to land/things that are moveable& tangible. furniture, tv, swings, artificial plants Types of Property: Real property -Answer-Refers to land/things that are permanently attached. plants, building tree, ground minerals Land Characteristics: Physical, Immobility -Answer-Land cannot be moved Land Characteristics: Physical, Indestructibility...