Possession of a property - Study guides, Class notes & Summaries

Bermuda Real Estate Exam Questions with Correct Answers Graded A+ Defect/Cloud in the title Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: Has no specific expiration but the length is specified (like a month to month lease) Net Lease lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession A person takes possession & use of ...

NYPD 2nd Trimester Exam Review | Questions and Verified Answers (2023/ 2024 Update) Q: custodial interference (F) Answer: a person removes such person from the state with intent to remove them permanently Q: endangering the welfare of an incompetent or physically disabled person (M) Answer: recklessly engages in conduct which is likely to be injurious to the physical, mental or moral welfare of a person who is unable to care for him or herself. Q: endangering the wel...

SC Property Management Exam Questions with Complete Solutions | 100 % Correct | 2024 Update Residential Landlord and Tenant Act - Answer ️️ -Created in 1986 Residential Landlord and Tenant Act - Purpose - Answer ️️ -Simplify, clarify, modernize, and revise the law governing rental of dwelling units and the rights, obligations of landlords and tenants. To encourage landlords and tenants to maintain and improve the quality of housing. Administration Remedy - Answer ️️ -Any right ...

Ward definition? - ANSWER-The minor or incapacitated adult for whom a guardian is appointed is a ward. §1002.030. A ward has all the rights, benefits, responsibilities, and privileges granted by the constitution and laws of Texas and the United States, except those specifically limited by guardianship. Some of these rights include the right to be treated with dignity and respect, to have a guardianship that maximizes self-reliance as much as possible, to have personal preferences considered wit...

PSI PA State Real Estate Practice Exam Questions and Answers 100% Pass Requires the seller to provide notice to a purchaser about whether a structure on the land is entitled to support from the underlying coal. Coal Notice Three conditions that must be met for a mobile home to be considered real estate 1. Mobile home is transferred in conjunction with and as a part of an assignment of a land lease or the transfer of an interest in land on which the mobile home is situated; or 2. Mobile home is...

"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 - CORRECT ANSWER-B) It is divided, with B retaining their original interes...

What can proper drainage do for a building site? - Protect the foundation The ______ method converts a single year's expected income (or an annual average) into a market value. - Direct Capitalization Basic property rights include the rights of possession, control, exclusion, enjoyment, and ______. - Disposition What type of value may consumers be interested in if they are looking for the potential rate of return? - Investment Value How are adjustments made in the analysis used in the sa...

Texas Principles of Real Estate II Final Exam: Questions & Answers: Latest Updated. Written documents affecting a title to real estate are recorded: A. where the titleholder resides B. where the titleholder has legal residence C. at the county clerk's office where the property is located D. at any county clerk's office in Texas C. at the county clerk's office where the property is located A person appointed by a court to settle the estate of a deceased person when the executor cannot...

Reca – Residential Exam Questions and Answers 2024 Self regulation -Answer--General obligation -Care & Skill -Act honestly -Negotiate favorable terms -Maintain confidentiality -Disclose information -Act in person -Obey lawful instructions -Perform mandate Brokerage interests -Answer-Interest of brokerage at odds with brokerage client Fiduciary duties -Answer--Utmost loyalty -Not to make secret profits -Maintain confidentiality -To account -Avoid and disclose conflicts of interes...

Personal Lines Insurance Practice Exam Questions and Answers Latest | 100% Correct. Bobby, age 16, borrows his parents' car without their permission and gets into an accident. Which of the following statements about coverage under the parents' personal auto policy is CORRECT? A) Bobby is covered by his parents' policy because he is included in the definition of named insured. B) Bobby is not covered for this accident because he used the car without permission. C) Bobby is not covered ...