Easements in gross Study guides, Class notes & Summaries

CT Real Estate Exam General: Property Ownership Rated A+ Survey location and dimension of property Real Property The house and land Personal Property everything but the house and land Improvement Addition to the property or land Vertical Land description Defining the Air rights Fixture once-moveable items attached to real property Trade fixture a fixture that is not attached to real property. Used in Commercial settings. EX: freezer at restaurent. Annexation Personal Property becoming Rea...

The amount the borrower makes prior to any deductions for taxes or insurance is: A) Guaranteed income B) Net income C) Gross income D) Gross margin - Gross income _______: In the Texas Constitution, a principle residence of a family or adult single person is protected from forced sale for all debt except: property taxes; federal tax liens of both spouses; a home equity lien.....etc... - Homestead ______ ______ ____: lenders use what is called a front-end ratio, which is reflected as a pe...

Kansas Law Questions Graded A+ Section 1: ️Activities requiring a real estate License Who enacts the real estate law in Kansas? ️Kansas Legislature In order to auction real estate in Kansas and receive a fee, one must: ️Obtain a real estate license in Kansas A person was employed by a utility company to acquire gross easements on behalf of the utility. Which of the following statements is true? ️No license would be required if the person acquired easements, not appurtenant ...

GEORGIA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+. VERIFIED. Appurtenant Easement - -The permanent right to use another's land. Easements for adjacent properties or neighbors, which run with the land. Most protection. Abstract of Title - -A history of All recorded instruments Affecting the title to a piece of land. Statute of Frauds - -A state statute under which certain types of contracts must be in writing to be enforceable. Statute of Limitations - -A federal or stat...

Maine Real Estate - 7-15 Final Study Guide Questions. The right to use the land of another but not to possess it is called - correct answer Non-Possessory Rights An easement that involves two parcels of land is called an - correct answer Appurtenant Easement. The land that benefits from an appurtenant easement is the - correct answer Dominant Estate or Tenement. The land that provides the rights of the appurtenant easement to the dominant estate is the: - correct answer Servient Esta...

RE License Test Questions and Answers Latest Update 2024/2025 Graded A+. Blake is allowed to use his property in a way that's prohibited under current zoning ordinances, because those ordinances would cause undue hardship for him. What gives him this permission? - answerUSE VARIANCE; This is a Use Variance. In contrast, an applicant for a Special Use permit doesn't have to show hardship, simply that the proposed use meets the conditions already contained in the ordinance (e.g., change in s...

Basic Appraisal Procedures Exam with 100% Correct Answers When developing an appraisal, you calculate the following GRMs for comparable properties: 94.3, 90.1, 95.6, 109.2, 84.5, 100.7, 99.9. What is the mean of the GRMs? - Answer-96.3 "The process of valuing a universe of properties as of a given date using standard methodology, employing common data, and allowing for statistical testing" is the definition of -Answer-mass appraisal What is the most common type of framing currently bei...

NC 2024- real estate broker pre-licensing Exam Latest Update with Verified Solutions Syndication - Answer -Two or more forms joining together as an entity to own real estate Estate in severalty - Answer -Ownership by one individual Concurrent ownership - Answer -Two or more persons share ownership with undivided interests Tenancy in common - Answer -Co-ownership without right of survivorship to other owners Police power - Answer -The broad right of the government to place reasonable restri...

Colorado Real Estate Exam Prep Questions and Answers 100% Pass Title Theory - Correct Answer ️️ -lender owns, borrower has equitable title Hypothecation - Correct Answer ️️ -pledging property as collateral for a loan without giving up possession Mortgagee - Correct Answer ️️ -Lender Mortgagor - Correct Answer ️️ -borrower Non Judicial foreclosure - Correct Answer ️️ -*CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after ...

OREGON REAL ESTATE QUIZ 2023 COMPLETE QUESTIONS AND ANSWERS ALREADY PASSED A+ When an easement appurtenant exists between two parcels of land that are owned by different owners: a. the servient tenement is given the right to cross the land of the dominant tenement. b. the dominant tenement is burdened by the easement. c. the servient tenement can revoke the use of the easement by giving proper notice. d. the dominant tenement is benefited by the easement. - CORRECT ANS d. the do...