Fee simple ownership - Study guides, Class notes & Summaries
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Mississippi Real Estate Exam| 195 Questions With Complete Answers
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Mississippi Real Estate Exam| 195 Questions With Complete AnswersMississippi Real Estate Exam| 195 Questions With Complete AnswersMississippi Real Estate Exam| 195 Questions With Complete AnswersMississippi Real Estate Exam| 195 Questions With Complete Answers 
 
Fee Simple Estate - ANSWER An estate only limited by government; no other restrictions of ownership 
 
Fee Simple Estate - ANSWER also called indefeasible fee estate 
 
Freehold estates - ANSWER All fee estates are 
 
Qualified fee esta...
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LEB 323 Exam 1 Questions with Revised Answers
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LEB 323 Exam 1 Questions with Revised Answers 
 
What are the two basic types of future interest? - Answer-1. Reversion - exists when owner of a fee simple transfers a lesser interest and retains the residence 
2. Remainder - exists when owner a fee simple transfers a lesser interest and provides that the ownership will pass to third person upon expiration 
 
What is a tenancy in common? - Answer--Co-owners are called tenants in common or cotenants 
 
What is the most important distinction betw...
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PSI Real Estate Salesperson Exam 1 Actual Update 2024/2025
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All of the following would be considered 
real property EXCEPT 
1. mineral rights. 
2. a leasehold estate. 
3. fixtures. 
4. air. - a leasehold estate. 
The servient estate in an easement appurtenant is the property 
1. owned by the landlord. 
2. on which the easement is placed. 
3. owned by the tenant. 
4. that benefits from the easement. - that benefits from the easement. 
Which of the following statements concerning encumbrances is NOT true? 
1. All encumbrances are liens. 
2. All liens are e...
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pearson vue practice exam Questions and answers, 100% Accurate, graded A+
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pearson vue practice exam Questions 
and answers, 100% Accurate, graded A+ 
In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of 
agency to state ONLY those terms that are 
a. included in the listing agreement 
b. based on the brokers evaluation of prevailing prices and terms 
c. favorable for the seller, as determined by the broker 
d. attractive to buyers, as determined by the broker - -a. included in the listing agreement 
a lot measu...
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Principles of Real Estate 1 – Champions Latest Update 100% Pass
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Principles of Real Estate 1 – Champions 
 
Latest Update 100% Pass 
 
Leasehold Estates possession and use of property without ownership 
 
Estate for years (tenancy for years) any lease with a specific starting and ending date. 
Survives the death or sale of the property 
 
Periodic Tenancy/periodic estate lease that automatically renews itself for like periods. 
example month to month. Requires notice to terminate 
 
Estate at Will Very loose agreement, terminates on death or sale of the pro...
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MD Real Estate Salesperson Exam Review with Certified Solutions
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MD Real Estate Salesperson Exam 
Review with Certified Solutions 
 
Which of the following would NOT be considered real property? 
1. mineral rights 
2. a leasehold estate 
 
3. fixtures 
 
4. air 2. a leasehold estate 
 
- a leasehold estate is a non-freehold estate involving the tenant's right to occupy the real estate 
during the term of the lease 
 
The servient estate in an easement appurtenant is the property 
1. owned by the landlord 
2. on which the easement is placed 
3. owned by the...
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Utah Real Estate Test Exam
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The word "Ownership" means the same thing as the word 
A.Freehold 
B.Leasehold 
C.Possession 
D.Both A & C - Answer- D. Both A & C 
 
The highest interest in real estate recognized by law is: 
A.Fee Simple Defeasible 
B.Legal Life Estate 
C.Fee Simple Absolute 
D.Fee Simple Determinable - Answer- C.Fee Simple Absolute 
 
The highest interest in real estate recognized by law is: 
A.Fee Simple Defeasible 
B.Legal Life Estate 
C.Fee Simple Absolute 
D.Fee Simple Determinable - Answer- C.Fee Simpl...
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Rockwell Real Estate exam 2023 with 100% correct answers
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Freehold Estate - correct answer Is an interest in real property that has an indeterminable (not fixed or certain) referred to as a owner 
 
Fee Simple Estate - correct answer Is the greatest estate that can exist in land, the highest and most complete form of ownership. It is potentially infinite duration and represents the whole "bundle of rights" 
 
Estate of Inheritance - correct answer An estate that can pass to the holders heirs, especially a fee simple 
 
Defensible fee estate - ...
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IAAO Course 101 Workbook: Chapter 1 with 100% correct answers
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Assessor 
The government official responsible for administrating the property tax system and for Establishing value for ad valorem tax purposes 
 
 
 
Requirements of the assessor 
Discovery , listing and valuation 
 
 
 
Discovery 
Location of all taxable property 
 
 
 
Listing 
Creating an inventory of the quantity, quality and important characteristics of all taxable property 
 
 
 
Valuation 
An estimate of the actual or market value of all taxable property 
 
 
 
Property tax 
Primary sour...
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Washington Real Estate AMP National Cram Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024
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"Severalty ownership" means that: 
A) ownership is by several parties 
B) ownership by one person 
C) co-ownership of several people 
D) joint tenancy of several people - B) ownership by one person 
Feedback: 
Correct: Severalty is holding title by ONE person. There is no dual ownership or survivorship clause. 
Which of the following is a less-than-freehold estate? 
A) property that has an easement on it 
B) possession held under a lease 
C) real estate minus the mineral, oil, and gas rights 
...
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