Chattels real - Study guides, Class notes & Summaries

Law of Contracts - CHAMPIONS School of Real Estate THE PURPOSE AND FOCUS OF THE LICENSE ACT, AND OF TREC, IS TO PROTECT THE __________________. PUBLIC TREC ESTABLISHED THE _____________________________________ TO WRITE THE RESIDENTIAL CONTRACT FORMS THAT ARE THEN PROMULGATED BY TREC. BROKER LAWYER COMMITTEE ___________________________ MEANS PUBLISHED, OR MADE OF PUBLIC RECORD, AND THESE FORMS ARE THEN MANDATORY FOR AGENTS TO USE, WITH JUST A FEW EXCEPTIONS. PROMULGATED FAILURE...

NC Superior Real Estate School - Chapter 1 Questions and Answers 100% CorrectNC Superior Real Estate School - Chapter 1 Questions and Answers 100% CorrectNC Superior Real Estate School - Chapter 1 Questions and Answers 100% CorrectNC Superior Real Estate School - Chapter 1 Questions and Answers 100% CorrectChapter 1 Vocabulary: Basic Real Estate Concepts - ANSWER-Chapter 1 Vocabulary: Basic Real Estate Concepts Bill of Sale - ANSWER-Investment used to transfer the ownership of personal proper...

Law of Contracts - CHAMPIONS TEST|Latest Update Graded A+ The TREC residential contract forms are: Drafted by the Broker Lawyer Committee Wrongful or criminal deception intended to result in financial or personal gain is called: fraud Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. goods If a seller will continue to occupy the property for one month after the closing, the buyer and seller should: Enter into a Seller's Temporary Residenti...

Georgia Real Estate Exam Rated A+ personal property ️are the items the seller can load into the van when moving after the sale chattels personal ️refers to cars, boats, furniture, clothes, stocks, money and tools chattels real ️items that extend to owner an interest in real property; leases, mortgages, contracts to purchase and options deed ️is how real property is transferred bill of sale ️how personal property is transferred real estate ️consists of land itself plus t...

Land - correct answer Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration - correct answer Zoning Board of Adjustment oversees rule administration and appeals Real estate - correct answer land plus manmade permanent attachments Real property - correct answer real estate plus bundle of rights Bundle of Rights - correct answer Possess Use Transfer Exclude Encumber Physical Characteristics - correct answer Immobility; indestructib...

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...

implied agency - legal finding that your behavior implied a legal relationship (intent) express agency - no ambiguity in behavior. explicitly define legal relationship real estate - = land + improvements (any addition to land, regardless of aesthetics) real property - = interest benefits and rights that go with land real estate (belongs to deed holder) appurtenance - - anything associated with a property, including rights and improvements property rights - DEEPC: Disposition, Enjo...

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 Property - The legal interests in land and things attached to, or growing on land. Personal Property - Referred to generally as chattel, the rights, powers, and privileges a person has in things that are not real property, may be transferred by sale, gift, or will. Chattels Real - An interest in land, such as a leasehold. Chattels Personal - Moveable personal property. Chattel Personal in Action - Something to which one has a right to possession, but concerning which one which m...

All of the following EXCEPT ONE are true of "Chattels" a. Personal Property b. Real Property c. Movable Property d. Applied to slaves and women before their emancipation - Answer- B. Real property A purchaser to whom a deed conveys real estate can be called a: a. Grantee b. Lessor c. Grantor d. Devisee - Answer- A. Grantee Which of the following types of deeds carries the least warranties or representations of title? a. General Warranty Deed b. Special Warranty Deed c. Deed in...