Essential to convey title - Study guides, Class notes & Summaries

Real Estate National Exam Questions And Correct Answers, 100% Verified Solution How does a creditor who has obtained a judgement get satisfaction against a debtor who will not pay? Writ of Execution The economic characteristics of land are? Scarcity, location, and durability What lease would best suit couples needs who are looking for temporary housing? Month-to-Month lease The land description T3N, R4W Principal Meridian refers to what type of property description? Rectangular survey ...

Abandonment - Answers The failure to occupy and use property that may result in loss of rights Abatement of Nuisance - Answers Extinction or termination of a nuisance Abstract of Judgement - Answers A condensation of the essential provisions of a court judgement Abstract of Title - Answers A summary or digest of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record wh...

Water Rights The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is an agent to the broker and a subagent to the principal. Depreciation is calculated based on the Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title is held by the mortgagor A competitive market analysis is MOST often...

REC Practice Exam 2023/2024 Practice Questions and Answers Complete Which of the following liens do not need to be recorded to be valid? Real Estate Tax Lien When a prospective buyer makes a written purchase offer that the seller accepts, then the Buyer receives equitable title to the property; "equitable title" means that the prospective buyer has obtained the right to acquire ownerships of a property currently owned and occupied by another If Sarah receives 35% of a total commission f...

REC Practice Exam 2023/2024 Practice Questions and Answers Complete Which of the following liens do not need to be recorded to be valid? Real Estate Tax Lien When a prospective buyer makes a written purchase offer that the seller accepts, then the Buyer receives equitable title to the property; "equitable title" means that the prospective buyer has obtained the right to acquire ownerships of a property currently owned and occupied by another If Sarah receives 35% of a total commission f...

BROKER EXAM QUESTIONS AND ANSWERS 100% CORRECT 2023 Of the following, which are NOT classified as real property? A. Fixtures B. Emblements C. Shrubs planted in the ground D. Air rights Emblements The use of the property could be changed without changing the zoning by using a: A. Restriction B. Variance C. Taking D. Buffer Variance The basic authority for zoning laws is derived from a state's: A. Powers of eminent domain B. Right of taxation C. Police power D. Eschea...

Discipline of Nursing Final Exam 68 Questions with Verified Answers Which of the following could eventually change the historical status of nursing as a female-dominated profession? a. More men graduating from baccalaureate and higher degree programs b. The proportion of men in nursing beginning to increase c. More male graduates of basic nursing programs entering the workplace d. Salary compensation increasing to attract more men - CORRECT ANSWER C The racial and ethnic composition of...

Texas Promulgated Forms Questions and Answers Test Bank 2023 with complete solution Which of the following is TRUE for the statute of limitations for contracts for the sale of real estate and oral contracts for leases of less than one year? The statute of limitations is four years for the sale and two years for the lease. The voiding of a contract by a minor is an example of terminating a contract by operation of law. Which of the following would NOT be considered a competent party? A 30...

Appraisal Institute Basic Appraisal Principles Appraisal (ch.1) - ANS the act or process of developing an opinion of value What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership Financing and credit Litigation Tax matters Investment Decisions The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property Steps of the Valuation Process (ch.1)...

Appraisal Institute Basic Appraisal Principles Appraisal (ch.1) - ANS the act or process of developing an opinion of value What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership Financing and credit Litigation Tax matters Investment Decisions The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property Steps of the Valuation Proce...