Tenancy in severalty - Study guides, Class notes & Summaries
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PSI Maryland Practice Exam Questions and Answers Already Passed
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PSI Maryland Practice Exam Questions 
 
and Answers Already Passed 
 
If an older building cannot be air-conditioned, it is an example of ___________ ? 
 
A. Economic obsolescence. 
 
B. Functional obsolescence. 
C. Physical deterioration. 
D. External deterioration B. Functional obsolescence. 
 
An appraiser MUST be licensed or certified to handle Federally related work on residential 
property valued at more than ___________? 
 
A. $100,000. 
B. $250,000. 
C. $500,000. 
D. $1,000,000. B. $250,...
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NJ Title Producer Title Final Exam; Questions and Answers 100% Solved
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NJ Title Producer Title Final Exam; Questions and 
Answers 100% Solved 
"A" and "B" bought a house as tenants in common. If "A" dies which of the following statements 
about ownership of the house is correct? 
A) It automatically becomes tenancy in severalty. 
B) It is divided, with B retaining their original interest and the balance going to A's estate. 
C) B holds fee simple ownership to A's share of the property 
D) B holds a life estate ownership to A's share of the property Corre...
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NJ Title Producer Title Final Exam with Complete Solutions "
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NJ Title Producer Title Final Exam with 
Complete Solutions 
"A" and "B" bought a house as tenants in common. If "A" dies which of the following 
statements about ownership of the house is correct? 
A) It automatically becomes tenancy in severalty. 
B) It is divided, with B retaining their original interest and the balance going to A's estate. 
C) B holds fee simple ownership to A's share of the property 
D) B holds a life estate ownership to A's share of the property Correct answer B...
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Tennessee National Portion REAL ESTATE EXAM Latest 2024 Graded A+
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Tennessee National Portion REAL ESTATE 
EXAM Latest 2024 Graded A+ 
A corporation is - Answer ️️ -a legal entity that can buy and sell real estate as set out in its 
charter. 
Ownership in severalty is - Answer ️️ -property owned by one individual or corporation. 
A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells 
that interest to a new owner. The result is a - Answer ️️ -tenancy in common between the new 
owner and the remaining joint t...
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Superior Real Estate School Exam with correct Answers
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Superior Real Estate School Exam with correct Answers 
All of the following are physical characteristics of land except: 
A. Indestructibility 
B. Uniqueness 
C. Immobility 
D. Scarcity -Answer-D. Scarcity 
Under the doctrine of specific performance, the party harmed by breach of a real estate contract 
can ask a judge to force the breaching party to carry out the terms of the contract rather than 
order the breaching party to pay monetary damages. Which physical characteristic of land is the 
b...
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Texas Principles of Real Estate 1 (2023/ 2024) Exam | Guide with Questions and Verified Answers| 100% Correct
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Texas Principles of Real Estate 1 (2023/ 2024) 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 an...
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NC real estate broker pre-licensing exam questions and answers
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NC real estate broker pre-licensing exam questions and answers 
 
Methods of terminating easements (3) - Answer-1. Merger 
2. Release 
3. Abandonment 
 
Express agreement (easement) - Answer-Easement is real property interest and therefore transferred by deed and typically recordsd 
 
Types of specific liens (3) - Answer-1. Government lien 
2. Mechanic/construction lien 
3. Mortgage 
 
Types of general liens (3) - Answer-1. Judgment lien 
2. IRS or state lien 
3. Personal property tax lien 
 
Jo...
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Hawaii Real estate Questions and Answers
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4 categories of land 
o :## - Urban 4.5% 
- Agriculture 47% 
- Rural .2% 
- Conservation 49% 
De minimus 
o :## 1997- created to correct all zoning issues 
De minimus boundaries 
o :## - Commercial 3" 
- Residential 6" 
- Agriculture 9" 
- Conservation 18" 
Tenancy in severalty 
o :## one owner only 
Tenancy in Common 
2024/2025 2 | P a g e 
o :## 2 people or more with unequal shares. If one passes, it'll go to their heirs not 
other parties 
Joint tenancy 
o :## Husband/wife, equal shares...
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PSI Real Estate Salesperson Exam (Latest 2023/ 2024) 100% Correct| Questions and Verified Answers| Grade A
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PSI Real Estate Salesperson Exam (Latest 2023/ 2024) 100% Correct| Questions and Verified Answers| Grade A 
 
Q: Which of the following statements does NOT correctly describe a legal life estate? 
 
1. During his or her life estate the life tenant is generally answerable to the holder of the future interest. 
2. The life tenant may not commit any acts that would permanently injure the property. 
3. There may be a reversionary interest. 
4. There may be a remainder interest. 
 
 
Answer: 
1. Duri...
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Nebraska Real Estate Sample Test Questions | 100% Correct Answers | Verified | Latest Update 2024 | 54 Pages
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The earth's surface extending downward to the center of the earth and upward into space, including all 
things permanently attached, is known as: 
A) Real Property 
B) Real Estate 
C) Land 
D) A bundle of legal rights - D) A bundle of legal rights 
Moveable objects, which are not considered real estate, are known as: 
A) Real property 
B) Personal property 
C) Fixtures 
D) Emblements - B) Personal Property 
The permanent right to use another's land for the benefit of a neighboring parcel is kn...
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