A fee simple estate is - Study guides, Class notes & Summaries
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ROCKWELL REAL ESTATE CLASSES WA FINAL EXAM 1 2024
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A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: 
a. quitclaim deed 
b. bill of sale 
c. special warranty deed 
d. general warranty deed - ANSWER ☑☑b. bill of sale 
 
Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. 
 
Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben dies, what kind of interest does Will recei...
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pearson vue practice exam Questions and answers, 100% Accurate, graded A+
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pearson vue practice exam Questions 
and answers, 100% Accurate, graded A+ 
In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of 
agency to state ONLY those terms that are 
a. included in the listing agreement 
b. based on the brokers evaluation of prevailing prices and terms 
c. favorable for the seller, as determined by the broker 
d. attractive to buyers, as determined by the broker - -a. included in the listing agreement 
a lot measu...
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Contemporary Canadian Business Law 12Ed. By John A Willes, John H Willes -Complete, Elaborated and Latest - Test Bank & Solutions Manual
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Contemporary Canadian Business Law 12Ed. By John A Willes, John H Willes -Complete, Elaborated and Latest - Test Bank & Solutions Manual MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) A sophisticated client A) does not require the services of a lawyer. B) is someone with formal legal training. C) distrusts and derides lawyers. D) understands the importance of the solicitor-client relationship. E) should represent themselves, rather than...
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Real Estate Appraisal: SAE Fundamentals 2023 Rated 100% Correct
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Real Estate Appraisal: SAE Fundamentals 2023 Rated 100% Correct 
 
The appraisal process requires that the appraiser collect, record and verify -ANS- data on the region, city and neighborhood 
 
when choosing comparable sales for the sales comparison approach, property characteristics that should be identical or very similar to those of the subject property include the -ANS- size of lot & building, ager of building and type of construction, number and type of rooms 
 
one method of compensation ...
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Pearson Vue Exam Questions & Answers, 100% Accurate, rated A+
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Pearson Vue Exam Questions & Answers, 100% Accurate, rated A+ 
 
 
Real property interests include... - -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? - -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 survivo...
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Rockwell Real Estate Exam Questions and Answers 100% Accurate
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Rockwell Real Estate Exam Questions and Answers 100% AccurateRockwell Real Estate Exam Questions and Answers 100% AccurateRockwell Real Estate Exam Questions and Answers 100% AccurateRockwell Real Estate Exam Questions and Answers 100% AccurateRockwell Real Estate Exam Questions and Answers 100% Accurate 
Freehold Estate - ANSWER-Is an interest in real property that has an indeterminable (not fixed or certain) referred to as a owner 
 
Fee Simple Estate - ANSWER-Is the greatest estate that can e...
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CPCU 551 - Addressing Commercial Property Risk Questions And Answers 2023
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CPCU 551 - Addressing Commercial Property Risk Questions And Answers 2023 
Condominium 
A real estate development consisting of a group of units, in which the air space within the boundaries of each unit is owned by the unit owner, and all remaining real and personal property is owned jointly by all the unit owners. 
 
 
 
Condominium unit 
The portion of a condominium owned solely by a unit owner. 
 
 
 
Common elements 
Areas of a condominium that are jointly owned by all unit owners, includin...
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WV Real Estate Exam Questions and Answers Already Passed
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WV Real Estate Exam Questions and 
 
Answers Already Passed 
 
What are the types of fee simple estates? Fee Simple Absolute 
Fee Simple Defeasable 
 
Fee Simple Absolute The best type of ownership you can get. 
 
Fee Simple Defeasible Subject to occurrences or non occurrences of specified time. 
 
Two types of fee simple defeasible? Fee simple determinable 
2 Condition subsequent 
 
Fee Simple Defeasible Will include: so long as, while, during and includes the term reverter. 
 
Reverter Former ...
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PSI Real Estate Salesperson Exam 1 Actual Update 2024/2025
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All of the following would be considered 
real property EXCEPT 
1. mineral rights. 
2. a leasehold estate. 
3. fixtures. 
4. air. - a leasehold estate. 
The servient estate in an easement appurtenant is the property 
1. owned by the landlord. 
2. on which the easement is placed. 
3. owned by the tenant. 
4. that benefits from the easement. - that benefits from the easement. 
Which of the following statements concerning encumbrances is NOT true? 
1. All encumbrances are liens. 
2. All liens are e...
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MD Real Estate Salesperson Exam Review with Certified Solutions
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MD Real Estate Salesperson Exam 
Review with Certified Solutions 
 
Which of the following would NOT be considered real property? 
1. mineral rights 
2. a leasehold estate 
 
3. fixtures 
 
4. air 2. a leasehold estate 
 
- a leasehold estate is a non-freehold estate involving the tenant's right to occupy the real estate 
during the term of the lease 
 
The servient estate in an easement appurtenant is the property 
1. owned by the landlord 
2. on which the easement is placed 
3. owned by the...
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