Estate in severalty - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Estate in severalty? On this page you'll find 660 study documents about Estate in severalty.
Page 4 out of 660 results
Sort by
-
Superior Real Estate School Exam| Questions and Answers, 100% Correct| Newly 2024
- Exam (elaborations) • 51 pages • 2024
-
Available in package deal
-
- $17.99
- + learn more
Superior Real Estate School Exam| Questions and Answers, 100% Correct| Newly 2024 
All of the following are physical characteristics of land except: 
A. Indestructibility 
B. Uniqueness 
C. Immobility 
D. Scarcity 
D. Scarcity 
Under the doctrine of specific performance, the party harmed by breach of a real 
estate contract can ask a judge to force the breaching party to carry out the terms of 
the contract rather than order the breaching party to pay monetary damages. Which 
physical charact...
-
Wisconsin real estate test questions with correct answers
- Exam (elaborations) • 27 pages • 2023
- Available in package deal
-
- $15.49
- + learn more
Fee Simple Defeasible Estate CORRECT ANSWER An estate of inheritance that may be nullified upon the occurrence or non-occurrence of a particular event. 
 
Escheat CORRECT ANSWER The reversion of property to the state or county, as provided by state law, in cases where a decedent dies intestate and there are no heirs. 
 
Freehold Estate CORRECT ANSWER An estate in land characterized by an interest in something immobile and of an indefinite duration 
 
Common Elements CORRECT ANSWER All real prope...
-
Superior Real Estate School: Study for Retake Pre-Licensing Course Exam and Final Exam Questions and Answers 100% Verified 2024
- Exam (elaborations) • 61 pages • 2024
-
- $18.09
- + learn more
Superior Real Estate School: Study for Retake Pre-Licensing Course Exam and Final Exam Questions and Answers 100% Verified 2024 
 
Designated agency in North Carolina is considered: 
I. A form of dual agency II. Mandatory if you practice dual agency 
 
A. I only 
B. II only 
C. Both I and II 
D. Neither I nor II Answer- A. I only 
 
Designated agency can be practiced: 
I. Between two firms II. Between a broker-in-charge and a provisional broker licensee in their office 
 
A. I only 
B. II only...
-
Real Estate Appraisal: SAE Fundamentals 2023 Rated 100% Correct
- Exam (elaborations) • 11 pages • 2023
- Available in package deal
-
- $10.39
- 1x sold
- + learn more
Real Estate Appraisal: SAE Fundamentals 2023 Rated 100% Correct 
 
The appraisal process requires that the appraiser collect, record and verify -ANS- data on the region, city and neighborhood 
 
when choosing comparable sales for the sales comparison approach, property characteristics that should be identical or very similar to those of the subject property include the -ANS- size of lot & building, ager of building and type of construction, number and type of rooms 
 
one method of compensation ...
-
Tennessee National Portion REAL ESTATE EXAM Questions with 100% Correct Answers | Updated & Verified | 2024
- Exam (elaborations) • 179 pages • 2024
-
- $15.48
- + learn more
A corporation is a legal entity that can buy and sell real estate as set out in its charter. 
Ownership in severalty is property owned by one individual or corporation. 
A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that 
interest to a new owner. The result is a tenancy in common between the new owner and the 
remaining joint tenants 
The owner of a condominium unit learns that a neighbor has failed to pay real estate taxes. If this 
neighbor do...
Too much month left at the end of the money?
-
NJ Real Estate Broker's Exam 2023/2024 passed
- Exam (elaborations) • 38 pages • 2024
- Available in package deal
-
- $19.99
- + learn more
NJ Real Estate Broker's ExamThe right of a utility company to enter someone's property for the purpose of repairing or maintaining the utility service is called 
 
(A.) an easement in gross 
 
(B.) an easement appurtenant 
 
(C.) eminent domain 
 
(D.) a prescriptive easement - correct answer (A.) An easement in gross 
 
Mark, Linda, Susanne and George own a property as joint tenants. Linda sells her interest to Phil. What is the relationship of the parties? 
 
(A.) Phil replaces Linda as a jo...
-
NJ TITLE PRODUCER TITLE FINAL EXAM WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
- Exam (elaborations) • 49 pages • 2024
-
- $16.49
- + learn more
"A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? 
A) It automatically becomes tenancy in severalty. 
B) It is divided, with B retaining their original interest and the balance going to A's estate. 
C) B holds fee simple ownership to A's share of the property 
D) B holds a life estate ownership to A's share of the property - ACCURATE ANSWERS B) It is divided, with B retaining their original interest an...
-
Oklahoma Real Estate Practice Questions Solved 100% Correct
- Exam (elaborations) • 78 pages • 2024
- Available in package deal
-
- $13.49
- + learn more
Tenancy in severalty - Answer sole ownership of a freehold estate 
CO-OWNERSHIP - Answer ownership by two or more owners 
Tenancy in common - Answer -co-tenants enjoy an individually owned, undivided 
interest; any ownership share possible; no survivorship 
Joint tenancy - Answer equal, undivided interest jointly owned by two or more parties, 
with survivorship; requires four unities to create: time, title, interest, possession; joint 
tenants can sell their interest, but the interest becomes a ...
-
Tennessee National Portion REAL ESTATE EXAM Latest 2024 Graded A+
- Exam (elaborations) • 130 pages • 2024
- Available in package deal
-
- $14.49
- + learn more
Tennessee National Portion REAL ESTATE 
EXAM Latest 2024 Graded A+ 
A corporation is - Answer ️️ -a legal entity that can buy and sell real estate as set out in its 
charter. 
Ownership in severalty is - Answer ️️ -property owned by one individual or corporation. 
A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells 
that interest to a new owner. The result is a - Answer ️️ -tenancy in common between the new 
owner and the remaining joint t...
-
121 Principles of Real Estate Final Exam Review
- Exam (elaborations) • 15 pages • 2023
- Available in package deal
-
- $10.49
- + learn more
121 Principles of Real Estate Final Exam Review 
he listing is always taken in the name of the _________ and becomes the property of the 
___________. 
 
A. Broker—salesperson 
B. Salesperson—seller 
C. Broker—broker 
D. Broker—seller - ANS C. Broker- broker 
 
A deed is used to transfer ownership of real estate. A bill of sale would be used to transfer ownership 
of: 
A. A mortgage 
B. Personal property 
C. A deed of trust 
D. A house and 2 acres of land - ANS B. Personal property 
...
$6.50 for your textbook summary multiplied by 100 fellow students... Do the math: that's a lot of money! Don't be a thief of your own wallet and start uploading yours now. Discover all about earning on Stuvia