Stringham - Study guides, Class notes & Summaries

Alison Gray held fee simple tile to a vacant lot adjacent to a hospital. She was persuaded to make a gift of the lot to the hospital. She wanted to have some control over its use, so her attorney prepared her deed to convey ownership of the lot "as long as it is used for hospital purposes." After conveyance of the gift, the hospital would own: - A determinable fee estate An important characteristic of land is that it can be improved. These modifications become a part of and tend to increa...

A particular parcel was zoned residential, single family and was surrounded by others zoned the same. That parcel was rezoned commercial so a convenience store could be built. This is an example of: a) Legal non-conforming use b) Defeasible fee estate c) Spot Zoning d) Variance -:- c) Spot Zoning Z listed the property. When the buyers expressed interest in seeing it, Z disclosed they would have no representation and the buyers agreed in writing. When writing the offer, the buyers ...

Utah Law Exam (Stringham) Q & A

Trust accounts are designed for correct answers other people's money. The Real Estate Trust Account can draw interest not to exceed ____% correct answers 0 According to Utah Law, the earnest money must be deposited within _______ business/banking/working days. correct answers 3 In the real estate trust account, the broker can deposit no more than $________ of his/her own money. correct answers 500 If brokers place more than the allowed amount of their own money in the trust account,...

Review test 1-Stringham schools Exam Questions With 100% Verified Answers. Which of the following is a complete definition of real property? - answerLand and its appurtenances, all the air space to infinity and everything below the surface to the earth's center Which of the following is an economic rather than a physical characteristic of real property? - answerArea preferences - situs The definition of the term "real property" includes: - answerAir space and subsurface rights Which of...

The Board of Association of Realtors will _______ be the right answer in regard to legal issues. The Board?Association of Realtors only enforces ________ of Ethics violations -:- Never & Code The real Estate Commission is composed of 5 commissioners _____________ by the ________________ -:- Appointed & Govenor A real estate license is required when selling or managing another person's property for ___________ _____________ -:- Valuable Consideration An, _________ who is selling...

Establish the Validity of a deed: acknowledgment - (Notarized/witnessed) does not have to be recorded; signature of the grantor is being notarized Elements of a deed: delivery: 3 ways - 1. Actual delivery 2. Constructive (recorded) 3. 3rd party (hold in escrow or trust) Elements of a deed: consideration - Amount paid is usually hidden by "ten dollars and other good and valuable consideration" Elements of a deed: signature - Signature of only the grantor(seller/owner) of the property El...

Deed -:- Actual instrument that shows that we own something. Title -:- Form of how we own something Alienation of Title -:- Transfer ownership (voluntary or involuntary); selling the property Essential elements of a deed -:- 1. Intent 2. Signature 3. Granting Clause 4. Name of the parties 5. Description 6. Consideration 2 | P a g e | G r a d e A + | 2 0 2 4 / 2 0 2 5 Excel! 2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain 7. Written 8. Delivery ...

Stringham Real Estate Test Review Exam Questions With 100% Verified Answers. What are real estate licensees required to do when selling a parcel of land but neither lists nor advertises it, what must the sales agent do? - answerDisclose to the buyers and sellers that they have a real estate license What must agents disclose to the principal - answerAll material information about the property and the clients ability to perform in the transaction. What duties does an agent owe a cleint - an...

Utah Stringham Real Estate Exam With Complete Solution...