Adverse possession Study guides, Class notes & Summaries

Florida Real Estate STATE exam Questions and Answers 100% Pass The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law D. FREC and the license law A group license A. allows a broker to have a branch office B. allows a sales associate to work for more than one broker C. may be held by a...

Examination for Missouri Insurance Producer's License Questions and Answers 100% accurate! Abstract of Title - ANSWERA summary of public records relating to the title to a particular tract of land. Acknowledgement - ANSWERA formal declaration before a duly authorized officer (usually a notary public) by a person who has executed an instrument that such execution is his own act and deed. An acknowledgement is necessary to entitle some instruments to be recorded, to impart constructive no...

Factors that affect a bid-rent curve - - number of commuters or firms - wage rate (time cost) of commuters - speed of travel - frequency of trips Certain requirements for deed: - - Name grantor and grantee - Consideration and conveyance - Contain certain covenants and clauses - Contain exceptions and/or reservations clause & phsycial descriptions - acknowledgment and delivery Action of water - -Involuntary conveyance -accretion reliction - deposit soil, subsiding of water Actual notic...

Bermuda Real Estate and Licensing Exam with Complete Solution Latest 2024/2025. Defect/Cloud in the title - Ans Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: - Ans Has no specific expiration but the length is specified (like a month to month lease) Net Lease - Ans lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession - Ans A ...

Differences between Property and Contract Rights? (2) - Answer-K rights are only enforceable against contracting parties. Property rights are enforceable against the world What concept is the basis for the idea of property rights? - Answer-Exclusion (the power to exclude) Can you occupy possessions? - Answer-Yes. The person who possess "the fox" occupies it Encumbrance - Answer-A burden or charge upon an estate or property, so that it cannot be disposed of without being subject to it. A n...

2. One of the types of ownership recognized in Maine is: a. Joint fee simple b. Fee Simple Absolute c. Estate for Years d. Free Estate CORRECT ANSWER b. Fee Simple Absolute 3. Transferring real estate in Maine must: a. Be done by a lawyer b. Be done by written deed c. Be to a person at least 18 years old to be binding d. Be for monetary compensation CORRECT ANSWER c. Be to a person at least 18 years old to be binding 4. Taking title to real estate through possession is ca...

Which of the following is not considered real property a. buildings b. fixtures c. corn d. elm tree - Answer-c. corn a court in determining that an item is a fixture will consider which of the following a. the extent of the attachment of the time to the building b. the intention of the parties c. the characters of the article in its adaptation to the real property d. all of the above - Answer-d. all of the above the adding together of periods of adverse possession is called a. lapping...

Latest Updated 2023 Land Law- Adverse Possession Question: Jim was the registered owner of Blackacre, where he carried on a vehicle-repair business. Adjoining Blackacre there was a plot of land on which there was a terrace of uninhibited houses awaiting demolition. The local council was the registered owner of this plot and it planned to develop the plot by building a small block of flats. In the meantime, it had boarded up the houses. In 1992 Jim removed the boards from the house ...

(6) Which of the following elements are not required to maintain a successful action for adverse possession. The adverse possessor's possession of the land must be: (a) Open and Notorious (b) Permissive (c) Uninterrupted (d) Hostile - (b) Permissive. (6) Which of the following choices represents the best explanation of the term "privity" as used in Howard v. Kunto? (a) Relationship between parties in successive possession of property. (b) A cause of action in tort against a trespasse...

Title Theory - lender owns, borrower has equitable title Hypothecation - pledging property as collateral for a loan without giving up possession Mortgagee - Lender Mortgagor - borrower Non Judicial foreclosure - *CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after 125 days Strict foreclosure - No sale. Full legal title given to lender, loss of equity for borrower Judicial foreclosure - done through courts in *Title Theory states Conversion...