Leasehold estates - Study guides, Class notes & Summaries

Nevada Real Estate Key Realty Exam Questions + Answers Already Passed What is the smallest saleable portion of a Nevada subdivision called: Unit Which of the following are required of deeds to be enforceable: must have the grantors signature Personal property could be: emblements: aka crops Real property is: transferred by deed What is it called when the government gives a parcel of real property back to a private citizen: Cloud? A chain of title: Lists all grantors and gran...

Define 'Estate' CORRECT ANSWER An interest in land that contains various rights associated with ownership or tenancy. What are the 2 most common types of estates? CORRECT ANSWER Fee simple & leasehold. What type of rights would be required to build a bridge, railroad or skyscraper? CORRECT ANSWER Air rights What type of rights would be required to build on a parcel of land? CORRECT ANSWER Surface (or ground level) rights What type of rights manage the property owner's access to an...

Florida Real Estate exam chapter 8 Questions and Answers 100% Pass Nature of property - Correct Answer ️️ -Allodial system allocates full property ownership rights to private individuals. Grew out of English feudal system. 1. Land 2. Real estate 3. Real property Physical components of land - Correct Answer ️️ -1. Surface rights. Land and water rights. 2. Subsurface rights. Mineral rights. 3. Air rights. Space above a tract, extending up to a height established by law. Types of...

NEVADA NATIONAL REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ Amortized Loans - -Constant payment including principle and interest until paid off Conventional Loan - -No government back; private Gross Lease - -Fixed amount- Residential rental Net Lease - -Fixed plus maintenance; Triple Net = tax & insurance also Percentage Lease - -Fixed + % of profits ;; mall, retail spaces Ground Lease - -Long term land lease-- 99+ yr lead;; to build Leaseback - -Seller leases back after c...

Land rights Surface, all natural things attached to it, subsurface, and air above the surface Real estate rights Land + man made permanent attachments Real property rights Real estate + bundle rights Bundle of Rights PUTEE (possess, use, transfer, exclude, encumber) Riparian rights (rivers and streams) = R Navigable: own land to water's edge Not navigable: own underlying land to midpoint of stream Littoral rights (lakes and seas) = L Own to high water m...

Manufactured vs. modular home - Manufactured: A home that is built according to HUD construction standards. Updated term for a mobile home or house trailer. Modular: Units that are constructed in factories off-site according to state building codes. Once assembled on the home site, considered to be real property. Land - Property that includes the surface of the earth, down to the center of the earth, and upward infinitely into space. It also includes any items permanently attached to the l...

Broker Test - AZ REAL ESTATE/ Exam Review Questions and answers/ What is the document prepared by an attorney that states the attorney's opinion of the status of the title? A. Abstract of Title B. Certification of title C. Opinion of Title D. Title Report - -Certificate of Title A preliminary title report would tell you all of the following except: Tax liens Easements Judgments requiring resolution Zoning - -zoning The word "tenancy" describes: - -a mode of holding Sue decides t...

Real Estate Terms for MO All Answers Correct Estate for Years - ️ A leasehold interest that exists for a specified time with a definite start and end date; does not end due to the death of either party or the sale of the property; no notice is required for termination. Personal Property - ️ Items that are movable and not classified as real property, often referred to as chattels, such as cars, cash, and stocks. Chattel - ️ A term used to describe personal property as opposed to r...

clustering - examples: apparel stores in a mall or any business where customers like to comparison-shop raw land - land that does NOT include structures or any improvements role of government in real estate - - local govt has the most influence - state govt has the least effect - national govt also has significant impact how is the term "real estate" used? - 1. used to identify tangible assets of land/buildings 2. used to denote the bundle of rights associated w/ ownership of assets 3....

1 square mile (acres) - 640 acres 1. limited in time 2. right of disposition 3. no titled interests - how do leasehold estates differ from freehold estates? 1. location monopoly 2. externalities 3. incomplete information - what is the economic basis for government regulation of real estate 1. mortgage 2. financial crisis 3. recession - 3 phases of 2007 collapse 1. user market 2. financial/capital market 3. government sector - Which markets is real estate influenced by? 3 ways to des...