Tax prorations - Study guides, Class notes & Summaries

a running stream is considered - ANSWER-real property water found on the land in watercourses, such as natural springs, streams, or rivers and in bodies of water, such as ponds or lakes is called - ANSWER-surface water What is riparian rights - ANSWER--riparian property owners have reasonable use of the follow water - the owner of property bordering a stream or river has riparian rights -the owner of adjacent land may not lawfully divert all available waterand thereby deprive a riparian ...

Law of Contracts Study Guide Questions With Complete Solutions A buyer defaults on a contract and the seller chooses to receive the earnest money. This is an example of: - Liquidated damages In a residential lease with a "right of first refusal" provision: - The tenant has the right to match or better any offer the landlord receives to prevent the property from being sold to someone else Bill is the buyer purchasing a property from Sally. All contingencies have been met and the partie...

Principles of Real Estate Exam With 100% Correct Answers 2024 Zoning is under the control of: - answergovernment agencies Easements appurtenant are for the benefit of: - answeradjoining (neighboring) landowners A contract that is binding and enforceable in a court of law is said to be: - answervalid Who makes an offer on a property that is for sale? - answerOfferor (Buyer) Escrows base monthly prorations on how many days? - answer30 The process of proportionally dividing rents, property t...

Easement by prescription - correct answer -Easement acquired by continuous open and hostile use of the property for the period of time prescribed by state law Easement by necessity - correct answer -Easement allowed by law as necessary for the full enjoyment of parcel of real estate .(right of ingress and egress over a grantors land) Rescission - correct answer -The practice of one party canceling or terminating a contract. Mortgagee - correct answer -The bank(receiving the house) Ta...

Latest Real Estate Final Exam- 100 Questions and Answers |UPDATED| Graded A+ Zoning is under the control of: *Ans* government agencies. A contract that is binding and enforceable in a court of law is said to be: *Ans* valid. Escrows base monthly prorations on how many days? *Ans* 30 The area of a rectangular lot that is 50 feet wide by 100 feet deep is: *Ans* 5,000 sq. ft. For about how much assessed value is the Homeowner's Property Tax Exemption? *Ans* $7,000 Misuse of the real est...

Georgia Real Estate Exam Graded A+ Easement by prescription ️Easement acquired by continuous open and hostile use of the property for the period of time prescribed by state law Easement by necessity ️Easement allowed by law as necessary for the full enjoyment of parcel of real estate .(right of ingress and egress over a grantors land) Rescission ️The practice of one party canceling or terminating a contract. Mortgagee ️The bank(receiving the house) Tax prorations ️Taxes a...

Escrow Sample Test 100% Correct Solved An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates documents to affect a transfer of interest in property, d) is responsible for guaranteeing funds. - Correct Answer ️️ -A, B, C, E When is it necessary to have closing documents recorded prior to disbursement of escrow funds? a) it is not necessary, b) in almost all situations, c) when instructed by one of the parties to the escrow, d) only when the written instruction...

For an escrow to be valid, there must be a - Answer conditional delivery of transfer documents to a 3rd party In a real estate transaction, who decides which escrow company to use - Answer it is negotiated between the buyer and seller Which of the following is not exempt from the escrow licensing law: trust companies, escrow companies, title insurance, real estate brokers - Answer escrow companies A history of title transfers for a particular parcel of land is - Answer chain...

45 hr post test fl real estate assessment test questions with complete solutions conformity - Answer-when a neighborhood has homes of similar design, construction, and age, etc. restrictive covenants - Answer-used to promote the principle of conformity to maintain and enhance values of properties. contribution - Answer-when an improvement is made to a property, land or building, that improvement is only worth what is adds to the property's value. reconciliation - Answer-the resoluti...

Georgia Real Estate Exam 2023-2024 Questions and Answers 100% CorrectGeorgia Real Estate Exam 2023-2024 Questions and Answers 100% CorrectGeorgia Real Estate Exam 2023-2024 Questions and Answers 100% CorrectGeorgia Real Estate Exam 2023-2024 Questions and Answers 100% Correct Easement by prescription - ANSWER-Easement acquired by continuous open and hostile use of the property for the period of time prescribed by state law Easement by necessity - ANSWER-Easement allowed by law as necessary f...