Tax liens - Study guides, Class notes & Summaries

Texas Principles of Real Estate 1 (2024 / 2025) Exam | Questions and Verified Answers | Grade A Q: Under subchapter E of TRELA the commission has a responsibility to make information available about the commission and its duties in the interest in: Answer: The general public Q: In a real estate transactions who may a licensee represent? Answer: A client Q: What type of real estate market occurs when both supply and demand are low? Answer: Stagnant Market Q: Assume you are a licensee in Texas who...

Mississippi Real Estate Exam Latest Version Graded A+ Real versus personal property real property: Real estate and the bundle of rights Personal property: all property that is not land or permanently attached to land, excepting trade fixtures and emblements. Physical characteristics of land immobility, indestructibility, and heterogeneity. Metes and Bounds describes property by landmarks, monuments, distances and angles. From point of beginning (POB) and returns to POB Rectan...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act 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 Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

A broker's protection clause, when inserted into a listing agreement, serves this function: - Answer-To entitle the broker a commission if the property is sold to parties with whom he/she has negotiated during the term of the listing for a stated number of days after the listing expires A legal document pledging a property to the lender as security for payment of a debt is called: - Answer-A mortgage What does a desist and refrain order do if issued by the real estate commissioner? - Answ...

NYREI School Exam Questions and Answers Latest Version Graded A+ What is the minimum licensing requirement to sell commercial real estate in New York? a real estate salesperson's license What is the preferred method of creating an agency relationship? expressed agency An amenity purchaser occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. real / deed A salesperson who is an independent contractor is not subject to withholding r...

Superior School of Real Estate Exam| Questions and Verified Answers| 100% Correct| Grade A (Latest 2024/ 2025 Update) Q: Which of the following scenarios best illustrates first substantial contact? Answer: Seller states that she must relocate by the end of the year. Q: Liens, restrictive covenants, easements, and encroachments are all examples of... Answer: Encumbrances. Q: A detached workshop extends over the property line onto the neighboring lot by six inches. T...

* Arizona Property Taxes and Assessments (Delinquent) - ● Penalty for delinquency 16% and tax lien ● Purchaser of tax liens gets a certificate of purchase ● May foreclose in 3yrs if taxes are not paid by the property owner. * Arizona Property Taxes - ● Charged "ad valorem" (A Latin phrase meaning "according to value"; used to refer to taxes assessed on the value of property) or assessed value ● Levied once (Jan. 1st) and paid twice a year ● Oh No More Money (Oct, Nov, Mar,...

Lien - Answer a monetary encumbrance that asserts the lienholder has a creditor's claim to a specific monetary interest in the property's value. Priority of liens - Answer for payment after a voluntary or forced property sale typically goes by date of recordation from first to the most recent. Property Tax Liens - Answer Which lien is ALWAYS superior to other liens?

How are AZ property taxes charged? - Answer-Ad Valorem What does Ad Valorem mean? - Answer-Assessed Value How are Arizona Property Taxes paid? - Answer-Levied once, Paid Twice When are AZ property Taxes Due? and Delinquent? - Answer-Oct-Nov and March-May (O No More Money) Who do you pay the property taxes to? - Answer-County Treasurer What is the penalty for AZ Property Tax Delinquency? - Answer-16% Property Tax Assessment Ratio Residential? - Answer-10% Property Tax Assessment Ratio Lan...

Texas Principles of Real Estate 1 (2024 / 2025) Exam | Guide with Questions and Verified Answers | 100% Correct Q: curtsey rights Answer: right a husband has to his wifes estate upon her death Q: fee simple defeasable Answer: a gift of land by a person or GRANTOR Q: Life Estate Answer: an estate in land for the duration of someones life (always a gift of land/ real estate) Q: Homestead Answer: Texas is a Homestead State. The property that you own and live in. It is a constitutional right that ca...