Bounds descriptions - Study guides, Class notes & Summaries

McKissock Learning - Basic Appraisal Principles Exam Questions and Answers | 100% Verified and Updated 2024 "A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt -Answer-mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real p...

Property Ownership - ANSWER An item that has a legal owner, along with the attendant rights to legal ownership. Real Property - ANSWER Ownership of real estate and the bundle of rights associated with owning real estate. Personal Property - ANSWER Ownership of anything which is not real estate, and the rights associated with owning the personal property item. Chattel or Personalty - ANSWER Also known as Personal Property. Real Estate - ANSWER Air, water, land, and everything affixed...

Gold Coast final exam questions and answers graded A+ actual notice - correct answer own it Constructive notice - correct answer record something in public records How Is Real Estate Recovery Funded ? - correct answer by fees & fines Eminent Domain - correct answer government has right to take away public use citizens can't refuse to sell) immune properties - correct answer government owned lot & block - correct answer residential sub-division surgery system Metes and B...

(Answered) PSI Real Estate Exam - Property Ownership Real Property (realty) land along with improvements, things attached to it, and the benefits, rights, and interests included in its ownership. Real Estate synonymously used with real property; but includes real and personal property. Land earth's surface, subsurface to the center of the earth, the space overhead, and the rights to each. Rights: common rights in land; surface rights, subsurface rights, mineral rights, water rights, air righ...

Real Estate Exam Review (MN and National) Rated A Attorney's Opinion of Title a written opinion by an attorney who will investigate to make sure that the seller of the property is indeed the owner, and whether there are any "clouds" on the title such as encumbrances, claims, or questionable interests. To render this opinion, the attorney will review a search of public records and examine the abstract of title, which is a written history showing transfers of ownership. exists in ...

What is the essential purpose of legal descriptions of real property? a) To create a consistent, unchanging standard for uniquely locating a property. b) To enable courts and attorneys to calculate property size accurately. c) To comply with common law for real property. d) To eliminate cumbersome metes and bounds description. - a) To create a consistent, unchanging standard for uniquely locating a property. A county or municipal authority usually grants a certificate of occupancy for new ...

Pennsylvania Certified Evaluator Exam Questions with Answers Updated Latest (100% Correct) base year - correct answereffective date of the appaisers opinion is on ethic rule - correct appraiser must promote & perserve the public trust st standards of professional ethics 3. conduct, managemant, confidentiality appraiser must act competenty and in a manner that is - correct answerindependent, impartial, objective what does uspap stand for - correct answeruniform standards of the proffessio...

Gold Coast Florida Real Estate Exam - Chapter 10 Complete Questions with correct Answers Legal Descriptions Legal Descriptions are used to identify a parcel's location. There are four methods to describe property. Name those Monuments Method Metes and Bounds Government Survey Plat or Lot and Block Monuments Method Uses landmarks to establish boundaries Metes and Bounds is also known as the surveyor's method Metes are measurements of distance such as feet, inches,...

Gold Coast Florida Real Estate Exam - Chapter 10 Complete Questions with correct Answers Legal Descriptions Legal Descriptions are used to identify a parcel's location. There are four methods to describe property. Name those Monuments Method Metes and Bounds Government Survey Plat or Lot and Block Monuments Method Uses landmarks to establish boundaries Metes and Bounds is also known as the surveyor's method Metes are measurements of distance such as feet, inches,...

McKissock Learning - Basic Appraisal Principles Exam Questions And Answers 100% Solved repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - answermortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - answerA The public restriction on property rights that allows the government to place a lien on a pro...