Tangible chattels - Study guides, Class notes & Summaries

MASSACHUSETTS REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+ Real Estate Definition - -is defined as land at, above, and below the earth's surface, plus all things permanently attached to it, whether natural or artificial. Land is defined as the the earth's surface, down to the center of the earth and upward to infinity, including natural objects. Used to transfer only real property is: - -Deed Personal property is transferred by a: - -Bill of Sale Elements of Personal Prope...

Was created in 1949 by the Legislature. 9 members carry out the provisions of the TRELA - Correct Answer-TREC Passed in 1939 - Correct Answer-TRELA 1-4 family residential contract - Correct Answer-Has promlgated sales contract forms for most Deceptive trade practices act is a Texas law that applies to trade and commerce that was passed in 1973. It allows aggrieved consumers to sue the seller of goods for damages. The act of the seller must have been deceptive and unfair for the consumer to...

LAW OF CONTRACTS - CHAMPIONS TEST 2024 QUESTIONS AND ANSWERS VERIFIED. The TREC residential contract forms are: - CORRECT ANSWER Drafted by the Broker Lawyer Committee Wrongful or criminal deception intended to result in financial or personal gain is called: - CORRECT ANSWER fraud Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. - CORRECT ANSWER goods If a seller will continue to occupy the property for one month after the closing, the buyer and...

SC Real Estate - Chapter 1 Questions and Answers Real Estate - Correct Answer ️️ -Air, water, land, and everything affixed to the land. May be owned privately by individuals and private entities, or publicly by government entities. Land - Correct Answer ️️ -- Surface area of the earth - Everything beneath the surface of the earth extending downward to its center - All natural things permanently attached to the earth - The air above the surface of the earth extending outward to inf...

What is Property law? - Answer-Property law is the legal rules that relate to physical things What two questions does property law deal with? - Answer-(i) who is entitled to use a thing?; and (ii) how are they entitled to use it?" Ben McFarlane The Structure of Property Law (Hart, Oxford, 2008) What is real property? - Answer-Real property concerns rights in land. The remedy you will usually get for Real Property is the land back, or the right in forced that you want in relation to the lan...

SC Real Estate - Chapter 1 Questions and Answers Real Estate - Correct Answer ️️ -Air, water, land, and everything affixed to the land. May be owned privately by individuals and private entities, or publicly by government entities. Land - Correct Answer ️️ -- Surface area of the earth - Everything beneath the surface of the earth extending downward to its center - All natural things permanently attached to the earth - The air above the surface of the earth extending outward to inf...

Champions Commercial Real Estate- SAE Review Practice Test. Buffer Zone - CORRECT ANSWER an area of land separating one land use from another Variance - CORRECT ANSWER permission to violate the rules Police Power - CORRECT ANSWER the right of the government to regulate and control the way land is used Downsizing - CORRECT ANSWER Changing the zoning of a property to lower the value use Zoning - CORRECT ANSWER the most common example of police power Texas Property Code - CORREC...

Legal Aspects of Real Estate Chapter 2 Rated A+ Tangible property is physical, visible, and abstract. conceptual. material. imperceptible. material What describes items of a tenant's personal property that the tenant has temporarily affixed to a landlord's real property in order to conduct business? Datums Accessories Personal devices Trade fixtures Trade fixtures The term "metes" refers to distance and direction and the term "bounds" refers to course. variable landmarks. fixed...

California Real Estate Exam All Answers Correct In reference to Property Taxes, "basis" or "cost" is Purchase price of prop plus cost of improvements. How is a condominium unit owned? Separate interest How are common interests in a condo owned? Equally in undivided interest Subdivided Land Laws refer to Subdivisions of 5+ parcels on 160 acres, regulated marketing & financing, and requires disclosures in public report. How long is a disclosure in public report for Subdivided Land ...

Law of Contracts Champions Test with Standard Questions and Verified Solutions The TREC residential contract forms are: ANSWER Drafted by the Broker Lawyer Committee Wrongful or criminal deception intended to result in financial or personal gain is called: ANSWER fraud Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. ANSWER goods If a seller will continue to occupy the property for one month after the closing, the buyer and seller should: ANSWER E...