Eminent domain - Study guides, Class notes & Summaries

Colorado Real Estate Exam Prep (2023/2024) (Certified Solutions) Title Theory lender owns, borrower has equitable title Hypothecation pledging property as collateral for a loan without giving up possession Mortgagee Lender Mortgagor borrower Non Judicial foreclosure *CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after 125 days Strict foreclosure No sale. Full legal title given to lender, loss of equity for borrower Judicial foreclosure done t...

Ky Board of Auctioneer Test with 100% verified questions and answers Absolute Auction - CORRECT ANSWER After the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - CORRECT ANSWER when auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers reserving the right ...

This generally refers to a governmental entity's legal authority to force a private landowner to sell his or her real property for public use. A) Condemnation B) Taxation C) Police power D) Eminent domain - correct answer D) Eminent domain Precedents are determined by: A) Statutory Law B) Case law C) TRELA D) DTPA - correct answer Wrong A) Statutory Law? This estate may be terminated at will of either party. It has no duration limitation. A) Estate at will B)...

Government rights in land 1 2 3 4 correct answers1. Police Power 2. Eminent Domain 3. Property Taxes 4. Escheat police power correct answersEnacts and Enforces laws governing land use - public control of land ( Eg. zoning, building codes, etc) eminant domain correct answersPower of a government to take private property for public use. Property Taxes correct answersAd valorem ( at assessed value) Escheat correct answersgovernments reversionary right. Abandoned property of intes...

Nationally Accepted General Principles and Practices Real estate that includes non-physical interests, such as easements and restrictions is known as __ - CORRECT ANSWER-Real Property An item permanently attached to real property, such as an attached fence, is included in the definition of real property. Townships and sanctions - CORRECT ANSWER-A rectangular survey is composed of Townships that are square tracts of land six miles on each side. A township then is divided into 36 Sections w...

1. This generally refers to a governmental entity's legal authority to force a private landowner to sell his or her real property for public use. A) Condemnation B) Taxation C) Police power D) Eminent domain ANS D) Eminent domain 2. Precedents are determined by A) Statutory Law B) Case law C) TRELA D) DTPA ANS Wrong A) Statutory Law? 3. This estate may be terminated at will of either party. It has no duration limitation. A) Estate at will B) Estate from period to period C) ...

PSI Real Estate Salesperson Exam (Latest 2023/ 2024) 100% Correct| Questions and Verified Answers| Grade A Q: Which of the following statements does NOT correctly describe a legal life estate? 1. During his or her life estate the life tenant is generally answerable to the holder of the future interest. 2. The life tenant may not commit any acts that would permanently injure the property. 3. There may be a reversionary interest. 4. There may be a remainder interest. Answer: 1. Duri...

Equity is defined as a. The purchase price of property less the market value today b. The market value less the purchase price c. The market value less the debt owed d. The purchase price less the debt owed - c. The market value less the debt owed What are the owner's rights if their farm zoning is changed by the county to single family residential? a. They must build single family homes b. Their current use must cease c. You can't fight city hall d. Their old use continues through no...

The government's right to make laws and regulations for the general welfare is known as: A. eminent domain B. police power C. escheat D. the bundle of rights - B. police power The City of Atlanta has condemned Nelson's land in order to extend its rapid transit services. This procedure is made possible because of the city's right of: A. entry B. escheat C. eminent domain D. police power - C. eminent domain A private landowner has the right to: A. reject a claim for taxes B. repudi...

IAAO Workshop 852 AAS Case Study (2024/2025) Updated | Download to score A+.Leverage The borrowing of funds in hopes of earning a greater return than the cost of the borrowed funds list, value, discover The basic responsibilities of the assessor for all taxable property. Conduct periodic on-site inspection of properties One of the steps an assessor must take in the discovery of property Ad Valorem The property tax, meaning it is based on value. Budget Divided by the assessed value equals the tax...