What are easements Study guides, Class notes & Summaries

When developing an appraisal, you calculate the following GRMs for comparable properties: 94.3, 90.1, 95.6, 109.2, 84.5, 100.7, 99.9. What is the mean of the GRMs? (Ans- 96.3 "The process of valuing a universe of properties as of a given date using standard methodology, employing common data, and allowing for statistical testing" is the definition of (Ans- mass appraisal What is the most common type of framing currently being used in new homes? (Ans- platform frame Fannie Mae re...

CA DRE Salesperson Exam Questions and Answers (Latest Update 2024/2025) Verified Answers. What are the two types of freehold estates? - correct answers 1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? - correct answers An estate in fee simple absolute What type of estate do you own if someone grants you real property for you to own only during your lifetime? When you die, the pro...

Real Estate Express Final Exam Nationally Accepted General Principles and Practices Real estate that includes non-physical interests, such as easements and restrictions is known as __ - CORRECT ANSWER-Real Property An item permanently attached to real property, such as an attached fence, is included in the definition of real property. Townships and sanctions - CORRECT ANSWER-A rectangular survey is composed of Townships that are square tracts of land six miles on each side. A township th...

What are the two types of freehold estates? - ANSWER-1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? - ANSWER-An estate in fee simple absolute What type of estate do you own if someone grants you real property for you to own only during your lifetime? When you die, the property reverts back to original estate owner. - ANSWER-a life estate The rights of tenants who rent or lea...

NEW JERSEY TITLE PRODUCER 2024 Final Exam Q & A ALTA 1 - CORRECT ANSWER-Street Assessments ALTA 2 - CORRECT ANSWER-Truth in lending owners policy - CORRECT ANSWER-insures estates of ownership, remains constant over the life of the property. Covers property line disputes. A type of title insurance issued in the name of the property owner. Coverage runs from the time of purchase for as long as the policyholder owns the property. mortgage lender policy (loan policy) - CORRECT ANSWER-lende...

Who is responsible for the administration of licensing? - correct answer Secretary of State Which article of real property law deals with licensees? - correct answer Article 12A Which article of real property law deals with real estate transactions, such as zoning, subdivisions, easements, and the like? - correct answer Article 9A Which article of real property is is a proceeding known as a "suit to Quiet Title"? - correct answer Article 14 What does section 443 of Article ...

Define a 'Dwelling Unit' - Answer-A self-contained housing unit with one or more habitable rooms containing at minimum a kitchen, bathroom facilities and an exit from the building. What is the difference between a semi-detached structure and a vertically divided duplex? - Answer-- A duplex is under single ownership (under 1 title) ... the dwelling units can then be lived in or rented out - The 2 dwelling units in a semi-detached structure are each owned separately (under 2 titles) Define ...

RECA Unit 7 Quiz Latest Update Graded A+ What are Alberta's six natural water sources? A) Surface water, rain water, rivers, river basins, lakes, and wetlands B) Surface water, rivers, river basins, frozen water, lakes, and springs C) Surface water, rivers, river basins, lakes, wetlands, and springs D) Surface water, rivers, river basins, lakes, wetlands, and wells C Which of the following statements are correct regarding a Conservation Easement? 1. A Conservation Easement allows ...

CA DRE Salesperson Exam Questions and Answers (Latest Update 2024/2025) Verified Answers. What are the two types of freehold estates? - correct answers 1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? - correct answers An estate in fee simple absolute What type of estate do you own if someone grants you real property for you to own only during your lifetime? When you die, the pro...

easements in Gross are - Answer Agreements are personal in nature, does not attach to a dominant estate, rather a person or entity what type of easement attaches to the owner's land and transfers to the new owner? - Answer appurtenant easement the parcel that provides the land for the easement is the - Answer servient estate the party that uses an appurtenant easement is called - Answer dominant estate this refers to the number of lots a parcel of ground can be subdivided into - Ans...