Ms real estate 2024 - Study guides, Class notes & Summaries

LPL4802 OCTOBER NOVEMBER PORTFOLIO (COMPLETE ANSWERS) Semester 2 2024 - DUE 30 October 2024 Course Law of Damages (LPL4802) QUESTION 1 (ESSAY) NATURE AND ASSESSMENT OF NON-PATRIMONIAL LOSS AND DAMAGES FOR PATRIMONIAL LOSS (4 pages, including rubric) PLEASE NOTE: You must present your answer in the form of an essay. Its marking rubric is attached with this examination paper. Study the case Komape and others v Minister of Basic Education and Others 2020 (2) SA 347 (SCA) a copy of it is attached ...

Property Ownership - ANSWER An item that has a legal owner, along with the attendant rights to legal ownership. Real Property - ANSWER Ownership of real estate and the bundle of rights associated with owning real estate. Personal Property - ANSWER Ownership of anything which is not real estate, and the rights associated with owning the personal property item. Chattel or Personalty - ANSWER Also known as Personal Property. Real Estate - ANSWER Air, water, land, and everything affixed...

Texas General Lines - Life, accident and health insurance PRACTICE EXAM Questions and Answers New Update LIFE SECTION 1 - Answer-LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20- year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - Answer-A- $50,000 Whole Life policy B- $50,000 Level Term policy for 20 years C- $50,000 20 Pay Life polic...

LML4804 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 (803378) - DUE 25 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. .. QUESTION 1 (CAPITAL GAINS TAX) Ms. Kru, a South African resident worked for O Insure (Pty) Ltd (“O Insure”) as a specialist for 15 years. As a result of the Covid-19 pandemic that hit the world, O Insure decided to retrench her team including Ms. Kru. She was given a severance package of R5 million. Ms. Kru is married in community of propert...

Who are exempt from having a real estate license? - ANSWER Public officials The following people may be excluded from holding a real estate license exept? - ANSWER A person who places an ad on the internet under their responsible broker The 5 commissioners appointed by the governor with advise and consent from the senate have the power to all of the following except: - ANSWER Appoint a commissioner Can the real estate commission issue subpoenas? - ANSWER Yes, because it is within the au...

C - ANSWER Someone who is licensed in MS to sell, buy, or lease real estate for a fee is defined as a a. real estate sales person b. responsible nonresident broker c. real estate broker d. personal assistant b - ANSWER the primary purpose of the Mississippi Real Estate Commission is to a. issue real estate licenses b. protect the public c. test real estate license applicants d. investigate real estate law violations d - ANSWER which of the following is outside MREC's authori...

The required disclosures for a property that is proposed to be transferred must be set out on a copy of a disclosure form as provided by: - ANSWER the MREC. All licensees are required to complete ____ hours of continuing education in each licensing period. - ANSWER 16 hours Barack is an out-of-state licensee who is relocating to Mississippi. Will Barack's real estate courses from their current state makes them eligible for a Mississippi real estate license? - ANSWER Yes, provided Barack'...

Special situations, where unusual facts exist or where one or more parties involved are especially vulnerable, could require additional disclosures not contemplated. in such cases, brokers - ANSWER should seek legal advice prior to entering into an agency relationship If a broker, as escrow agent, accepts a check and later finds that such check has not been honored by the bank on which it was drawn, the broker shall - ANSWER immediately notify all parties involved in the transaction Monies...

Acre - ANSWER A measure of land equal to 43,560 sq feet Life Estate - ANSWER An interest in real or personal property that is limited in duration to the lifetime of its owner or some other designated person or persons Condemnation - ANSWER A judicial or administrative proceeding to exercise the power of eminent domain, through with a government agency takes private property for public use and compensates the owner. Escheat - ANSWER The reversion of property to the state or county, as pr...