Trade fixture - Study guides, Class notes & Summaries

Principles of Real Estate Exam- Charles Cowell Questions and Answers 100% Pass What might be the role of a real estate broker in the event a homeowner seeks to overturn a property appraisal? A) a broker might be able to offer actual appraisals and sales prices of comparable homes B) a broker might offer the attorney for the local board of REALTORS to prepare the homeowners case C) a broker might testify about current market conditions and direction of home prices D) a broker might b...

National Real Estate Exam Vocab 100% Correct Appurtenance rights, privileges or improvements that belong to and pass with the land. Improvements Man's additions to the land such as buildings and landscaping. Chattel Personal property, personalty Bill of Sale A document used to transfer ownership of personal property. Fixture An item that was personal property; however, it is attached in such a way that it has became real property. Never freestanding. Annexation Put it toge...

Pearson Vue Exam Questions and Answers 100% Pass Real property interests include... - Answer- an appurtenance that goes with the land. Examples: buildings, fences, trees, water rights, the ground below, mineral rights, air rights, easements What is a form of ownership that is restricted to husbands and wives? - Answer- Tenancy by the entirety. Each owns the entire parcel. Neither can separately convey and interest during the other's life time. On the death of a spouse, the survivor owns...

Barney Fletcher Real Estate Exam 2024 with Complete Solutions. False - ANSWER-Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? D - ANSWER-Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed C - ANSWER-Which of the following is NOT an improvement of land? A. Building B. Sid...

Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions. Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? - False Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed - D Which of the following is NOT an improvement of land? A. Building B. ...

South Dakota National RE Questions and Answers Already Passed Land The surface of the earth extending down to the center and upward to the sky, including all natural thins thereon such as trees, crops or water, plus the minerals below the surface and the air rights above. Real estate The physical land at, above and below the earth's surface with all appurtenances, including any structures; any and every interest in land whether corporeal or incorporeal, freehold or no freehold; for a...

How does a broker prove they are not culpable if an agent makes a mistake? - Ans️️1. Reasonable supervision was available to agent 2. Broker had nothing to do with the infraction 3. The broker did not ratify the infraction (Did not see it happen without telling them to stop) What are Trade fixtures and how can they be removed? - Ans️️Trade fixture - item of personal property attached to land or building leased by a tenant who uses the item in a trade or business - Can be removed ...

Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions. Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? - False Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed - D Which of the following is NOT an improvement of land? A. Building B. ...

According to fair housing, which of these is not a protected class? A. muslim B. arab C. homosexual D. single mother - C. homosexual The front door key to a house is: A. chattel B. fixture C. improvement D. trade fixture - B. fixture The phrase "bundle of legal rights" is properly included in: A. the definition of real property B. a legal description C. real estate transactions D. leases for less than one year - A. the definition of real property An estate at will:

Barney Fletcher Real Estate Exam 2024 with Complete Solutions. False - ANSWER-Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? D - ANSWER-Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed C - ANSWER-Which of the following is NOT an improvement of land? A. Building B. Sid...