Deed restriction - Study guides, Class notes & Summaries

Texas Real Estate Exam (National) Already Graded A real property the tangible real estate and intangible rights associated with the ownership of real estate -transfers by deed or will personal property a right or interest in things of a temporary or movable nature; anything not classed as real property (chattel, personalty) -transfers by a bill of state fixture personal property that has been attached in such a way as to make it real property -"installed" often indicates permanent attachment...

WRA Pre Exam Review Questions And Answers (Verified And Updated) What rights to property come with ownership? - answerControl; Disposition; Quiet enjoyment; Encumber; Exclude; Possession. What form of ownership allows title to a deceased spouse's property to pass to the surviving spouse without probate? - answerSurvivorship marital property. A special form of joint tenancy with right of survivorship. Just for married people. What are some examples of encumbrances? - answerEasement; Liens...

43560 - square acre act 299 - occupational code of ethics for real estate persons actual notice - assurance that actual notice given to recipient adjusted rate mortgage - ARM- annually tied to index(CPI) adverse possession - acquire title to real estate where occupant has been actual , hostile, open and continuous occupancy(15 year) attorney-in -fact - person authorized to perform business related transactions benchmark - point of beginning in metes and bounds Buy-down - mortgage financi...

Ct Real Estate Practice Exam General Questions Rated A+ Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following characteristics MOST likely explains the price difference? Situs How does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? Writ of execution What type of map is MOST useful for describing the terrain of a very hilly lot? Contour map A tenan...

California Broker Real Estate Exam Questions with 100% Correct Answers Broker A receives two offers on Seller B's house, which is listed for sale at $250,000. The first offer is for all cash at $200,000. The second offer is for 20% down with 80% financing for the full price. What should the broker do with respect to both offers? - Correct Answer ️️ -Present both offers to the seller as soon as possible. The two primary documents dealing with payment of a loan are the mortgage or deed ...

The economic characteristics of land are - Answer- scarcity, location, and durability A major difference between freehold and nonfreehold estates is that all freehold estates - Answer- are of indeterminable duration An easement can be terminated by - Answer- merger of titles The land description T3N, R4W Principal Meridian refers to what method of property description? - Answer- Rectangular survey Tenants are still in their rental property even though their lease has expired. The lan...

DONALDSON FINAL EXAM REAL ESTATE PRINCIPAL EXAM BANK |2024 QUESTIONS AND ANSWERS The amount of commission charged a client is established - In negotiation between broker and seller. A deposit in a typical Real Estate transaction - Must be maintained by the broker In the brokers designated escrow Account. When the association of an associate broker or salesperson is terminated with their firm for any reason, the broker must return the license to the LREC: - With in 5 days ...

Michigan Real Estate Exam With Verified Solutions 1. Vendee: Someone who buys or purchases property, especially under a deed. 2. Vendor: A seller, particularly someone selling property through a contract for deed. 3. Escalation Clause: A provision in a contract that allows for an increase or decrease in interest rates based on a specified annual percentage or other conditions. 4. Deed: A written document that transfers title (ownership) of real property from one party to another. 5. ...

Real Estate Investments / Champions Questions and Answers Already Passed if you are holding undeveloped land, your goal as an investment is: appreciation land is referred to as _____ because it can be seen touched tangible Formaldehyde gas is: Colorless Local governments can use which of the following to enforce subdivision requirements? Police Power The time limitation on deed restrictions is typically __________ due to changes that render the original restriction irrelevant....

Appraisal (ch.1) correct answers The act of process of developing an opinion of value; an opinion of value. Appraisal Foundation (ch.1) correct answers A nonprofit organization, created by the leading appraisal organizations, which is recognized as the authority for professional appraisal standards. Appraisal Institutie (AI) (ch.1) correct answers Professional organzationfoer appraisers; created in 1990 by the merger of the American Institute of Real Estate Appraisers and society of Reside...