What are easements Study guides, Class notes & Summaries

direct co-ownership forms (go into deeper detail later) - lots of forms, such as tenancy in common, joint tenancy, tenancy by the entirety, condominium, cooperative A "fixture" is.... - real property that formerly was personal property affirmative easements give the dominant parcel some intrusive use of the servient parcel - driveway or access right-of-way, sewer line, drainage, common wall appurtenant - a right of use that a (dominant) parcel of land "enjoys" over an adjacent (servient...

MIE 305 Exam 3 Latest Update with Verified Solutions Bundle of Rights sticks metaphor owner = entire bundle of sticks renter = only a few sticks possession, use, control, exclusion, transfer Property Rights the legal rights that a person has over a piece of real property Real Property The legal interests in land and things attached to or growing on land ex: part of the earth’s surface, buildings, fences, and trees used to describe the legal rights that a person can have i...

Florida Cam Actual Exam (Questions And Answers) A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration - CORRECT ANSWER-True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase - CORRECT ANSWER-True The Florida Fair Housing Act prohibits discrimination on the basis of handicap - CORRECT ANSWER-True A va...

Nationally Accepted General Principles and Practices Real estate that includes non-physical interests, such as easements and restrictions is known as __ - CORRECT ANSWER-Real Property An item permanently attached to real property, such as an attached fence, is included in the definition of real property. Townships and sanctions - CORRECT ANSWER-A rectangular survey is composed of Townships that are square tracts of land six miles on each side. A township then is divided into 36 Sections w...

Principles of Real Estate Questions With Correct Answers. All of the following are participants in the market except: A. Owner B. Renter C. Developer D. TREC D. TREC In order to apply for a broker's license in Texas, the applicant must have been licensed in Texas as a salesperson with an active license for: A. 5 years of the previous 60 months B. 3 years of the previous 48 months C. 2 years of the previous 36 months D. 4 years of the previous 60 months D. 4 years of the previou...

1 FLORIDA REAL ESTATE 2024/25 REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ Brokers who list and sell smaller businesses are - -business opportunity brokers. Before roadbuilding begins, a developer must submit a document to the local planning board for approval. The document is called a - -subdivision plat map. Investors who don't live on the properties they own are - -absentee owners. Real estate specialists who sell properties close to airports, seaports, and rail sidings work in...

When a developer deeds the streets and easements to the county government for future maintenance, it is called - ️️dedication. A broker's license will become void when the first license expires unless the broker has - ️️completed at least 60 hours of broker post-licensing courses. A person who takes applications for a mortgage loan must - ️️be licensed as a loan originator by the Florida Office of Financial Regulation. Before roadbuilding begins, a developer must submit a docu...

What is considered the 'Offer Date'? - Answer-When an offer is drafted, not signed. Does the date of an offer change? - Answer-No. Even if terms are changed on a following day and the offer is re-submitted, the offer date remains the same. What are the minimum requirements of using a legal name for a seller or buyer when drafting an offer? - Answer-Use the full legal names, and if the individual has one or more middle names, at a minimum identify the initial(s). Tip: Whenever possible, u...

The property tax is an ____ __________ tax, meaning it is based on value. - Answer- ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. - Answer- discovery listing valuation The taxable location of personal property is referred to as its __________. - Answer- situs An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. - Answer- an appraisal A jurisdiction's...

A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration correct answers True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase correct answers True The Florida Fair Housing Act prohibits discrimination on the basis of handicap correct answers True A valid Declaration of Condominium must contain easements f...