Constructive notice - Study guides, Class notes & Summaries

Title - Answer Document that shows ownership Alienation - Answer To sell or convey Transfer: change of ownership Legal Title - Answer Ownership with right of possession and use Equitable Title - Answer Right to legal title upon completion of contract Buyer receives after they go into contract until seller meets all buyer's needs also closing costs Bare (naked) Title - Answer Ownership without possession rights or use Some states use a third party to hold the title (tr...

Dissociation Partnership correct answers (1) by notifying her partners that she wishes to withdraw, (2) due to an event specified in the partnership agreement, (3) by unanimous vote of the other partners under one or more of the circumstances set forth in UPA § 601, (4) by judicial (or arbitral) order, or (5) due to death, incapacity, bankruptcy, or assigning her partnership interest for the benefit of creditors. Wrongful Dissociation correct answers 1) the dissociation constitutes a bre...

GEORGIA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. Title - -Document that shows ownership Alienation - -To sell or convey Transfer: change of ownership Legal Title - -Ownership with right of possession and use Equitable Title - -Right to legal title upon completion of contract Buyer receives after they go into contract until seller meets all buyer's needs also closing costs Bare (naked) Title - -Ownership without possession rights or use Some states use a th...

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

Requirement that the infrastructure for sanitary sewers, potable water, and waste treatment facilities be in place before new development is allowed is the - Answer-Concurrency Provision The only active general partner in a real estate brokerage partnership has his license suspended. All of the licenses of the sales associates in that brokerage are - Answer-placed in inactive status Legal Title always passes from the seller to the buyer - Answer-When the deed is voluntarily delivered and vo...

PrepAgent Exam Questions With 100% Correct Answers 2024/2025 For the past 30 years, the Ls have operated a neighborhood grocery store. Last week the city council passed a zoning ordinance that prohibits packaged food sales in the area where the Ls' grocery store is located. The store is now an example of a/an: A) nonconforming use. B) variance of the zoning laws. C) violation of eminent domain. D) illegal enterprise. - answerA) nonconforming use. Explanation: This is an example of "g...

How are ownership rights and interest in real property established by way of a court proceeding? A - cloud on title B - equitable use C- quiet title action D - quitclaim C - quiet title action Answer Feedback: A quiet title action is proceeding to establish an individual's right to ownership of real property against one or more adverse claimants. The recording of an instrument gives: A - actual notice B - passive notice C - absolute notice D - constructive notice D - constructive n...

PrepAgent Exam Questions With 100% Correct Answers 2024/2025 For the past 30 years, the Ls have operated a neighborhood grocery store. Last week the city council passed a zoning ordinance that prohibits packaged food sales in the area where the Ls' grocery store is located. The store is now an example of a/an: A) nonconforming use. B) variance of the zoning laws. C) violation of eminent domain. D) illegal enterprise. - answerA) nonconforming use. Explanation: This is an example of "g...

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 ...

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...