Joint tenancy 3 of 4 Study guides, Class notes & Summaries

NCCP Exam-Real Estate Law Questions & Answers 2024/25 NCGS § 10B Notaries - ANSWERS NCGS § 31A Acts Barring Property Rights - ANSWERSRights of spouse (absolute divorce or divorce from bed and board, spouse who voluntarily separates and lives in adultery, spouse who abandons with no cause, etc.) NCGS § 31B Renunciation of Property and Renunciation of Fiduciary Powers Act - ANSWERSA person who succeeds to a property interest as: (1) Heir; (2) Next of kin; (3) Devisee; (4) Repeale...

MIE 305 Final Exam Questions And Answers 100% Verified What are the "bundle of rights" associated with property ownership? - answer1) Control; 2) Possession; 3) Enjoyment; 4) Exclusion; 5) Disposition Possession - answerThe property is legally owned by whoever owns the title. Control - answerThe titled owner (freeholder) controls the use of the property. Enjoyment - answerRights-holder can enjoy the property in any legal or contractually agreed manner. Exclusion - answerOwner can ex...

Indiana Real Estate Exam Questions and Answers 100% Pass The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - Answer- Broker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - Answer- Salesperson, broker A salesperson can receive ______ ONLY from that broker. - Answer- compensation A salesperson has _______ to make contracts with or ______ from any other party. - Answer- ...

NCCP Exam-Real Estate Law Questions & Answers 2024 NCGS § 10B Notaries - ANSWER- NCGS § 31A Acts Barring Property Rights - ANSWER-Rights of spouse (absolute divorce or divorce from bed and board, spouse who voluntarily separates and lives in adultery, spouse who abandons with no cause, etc.) NCGS § 31B Renunciation of Property and Renunciation of Fiduciary Powers Act - ANSWER-A person who succeeds to a property interest as: (1) Heir; (2) Next of kin; (3) Devisee; (4) Repealed b...

California Real Estate Exam Questions and Answers Latest Update Graded A+. Name 4 examples of real property (AnsLand Fixtures (attachments) Appurtenances Immovable by law DEF mineral rights (Ans- Right to remove substances from land, usually beneath the surface California Real Estate Exam: Questions & Answers Latest Update 2023/2024 100% Verified Name two instruments to transfer ownership (Ans1. Deed (real estate) 2. Bill of sale (personal property) Name five tests to determine if s...

PSI Real Estate Salesperson exam 1 Questions and Answers 100% Pass 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 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 2. on which the easement is placed Which of the following statements concerning encumbrances is N...

2. Which of the following is necessarily true of tenants in common? - Each tenant has an undivided interest in the land. 3. Personal property includes all of the following EXCEPT - fixtures 4. The maximum degree of ownership allowed by law is - fee simple absolute 5. Ownership in severalty refers to - ownership by one person. 6. Joint tenancy generally includes the four unities of - possession, interest, title and time. 7. To create a contract, the offeree (one receiving the offer) must ac...

Title Insurance Licensing Exam All of the following are characteristic of an ALTA loan EXCEPT: A. Exceptions B. Exclusions C. Contingencies D. Conditions C. Contingencies The policy limit noted in a title insurance policy applies to: A. Each defect B. Each claim C. Per year D. Cumulative claims D. Cumulative claims Brainpower Read More Zoning ordinances are establish by: A. Home builders B. Local Government C. Lender D. All the above B. Local government A good faith estimate...

1. A loss in value from any cause is a definition of what? - Answer- A. Economic obsolescence b. Depreciation C. Leverage D. Goodwill 2. A couple recently married and each person had children from a previous marriage. They wish to take title to property so they can pass their share to their own children by will. The best form of title would be what? - Answer- A. Joint tenancy B. Severally c. Community property D. Tenancy in whole 3. A valid deed passes title when it is what? - Answe...

California Real Estate Exam Questions With 100% Verified Answers Latest Updated 2023/2024. Jones vs. Mayer Supreme Court Decision (1968) (Ans- Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights Act of 1968) Easton vs Strassburgar (Ans- Seller disclosures to third parties AND agent visual inspection of all accessible for 1-4 single family homes If license applicant is delinquent on child support, what type of license wil...