Vaned - Study guides, Class notes & Summaries

VanEd Principles of Real Estate 1 Practice Quiz Questions And Answers

VanEd Summary Exam Questions with complete solution 2024_2025

Adaptation correct answers Concerns fixtures. How an item fits can determine whether the item is personal property or real property. If an item is "made" for a specific spot, it is a fixture. Ex: window shades are usually fixtures as they are made to fit inside the window frame. Agreement of Parties correct answers Most important test of whether an item is a fixture or not. If you are not sure if an item is considered to be a fixture, clarify in a contract w buyer & seller. Air righ...

What is the real estate rights above the ground surface called? correct answers Air space. The __________ represents an expected price that should result under specific conditions. correct answers Real estate value A broker or sales associate that is qualified to answer questions about a specific real estate is said to be ____________. correct answers Competent The purpose of the real estate license is to ensure the licensee meets the minimum standard of _____________ mandated by Texas ...

Abatement correct answers DEFINITION: To decrease, reduce or stop an activity. EXAMPLE: An abatement action would require removal of a nuisance (a smell or loud sound) or a hazard (such as lead paint). Abstract of Judgment correct answers DEFINITION: A general lien placed on a debtor's real and personal property until a judgment is paid in full to the plaintiff in the lawsuit. Accretion correct answers DEFINITION: The process of increasing land through deposits of mud or sand (alluvion) ...

CO Real Estate VanEd EXAM with complete solution 2024_2025

Buffer zone correct answers A strip of land, usually used as a park or designated for a similar use, separating land designated for one use from land designated for another use. (Ex: residential from commercial) Building code correct answers Ordinance that specifies minimum standards of construction for buildings to protect public health and safety. Regulates building & construction methods including plumbing, electrical & fire. Bulk zoning correct answers Method used to control density ...

Abrogate correct answers to abolish by formal or official means; to annul by an authoritative act; to repeal Actual Cash Value correct answers this coverage pays you an amount equal to the replacement value of damaged property minus depreciation. this is distinguished from replacement cost Actual Eviction correct answers deliberate landlord action through the courts to remove a tenant from occupancy Asbestos correct answers a hazardous substance that has been used in a wide variety of h...

VanEd Real Estate National Portion Exam with complete solution 2024_2025.