Bounds descriptions - Study guides, Class notes & Summaries

Pearson vue real estate Exam, Multiple Choice Questions And Correct Answers. If a licensee is paid a salary of $600 per month plus half of the office's 6% fee on all sales, what MUST the licensee's monthly sales be in order for the licensee to receive a total monthly income of $2,220? A. 27,000 B. 37,000 C. 54,000 D. 74,000 An agreement that restricts the use and occupancy of real estate, is part of a conveyance, and is binding on all subsequent buyers is called a(n): A. Agreement for d...

A business owner sells the back half of his lot to a developer. The developer is granted an Easement Appurtenant to cross the business owner's property to get to the street. The business owner's property is the____________. - correct answer Servient Tenement All of the following refer to legal descriptions except: Select one: A. U.S. Government Survey B. Topographical Lines C. Metes and Bounds D. Lot and Block - correct answer Topographical Lines Which is larger than a section?...

A business owner sells the back half of his lot to a developer. The developer is granted an Easement Appurtenant to cross the business owner's property to get to the street. The business owner's property is the____________. - ANSWERServient Tenement All of the following refer to legal descriptions except: Select one: A. U.S. Government Survey B. Topographical Lines C. Metes and Bounds D. Lot and Block - ANSWERTopographical Lines Which is larger than a section? Select one: ...

When an insurance company obtains the rights and claims of an insured, it is called subrogation A.True B.False - Answer A.True In a foreclosure action, a buyer has a right to A. Mediation B. Redemption C. AOTA D. NOTA - Answer C. AOTA All of the following are legal descriptions EXCEPT A. Metes and bounds B. Lot and block/Plat C. Rectangle/Government D. Torrens Survey - Answer D.Torrens Survey A military power of attorney may be used in a real estate transac...

A business owner sells the back half of his lot to a developer. The developer is granted an Easement Appurtenant to cross the business owner's property to get to the street. The business owner's property is the____________. - ANSWER-Servient Tenement All of the following refer to legal descriptions except: Select one: A. U.S. Government Survey B. Topographical Lines C. Metes and Bounds D. Lot and Block - ANSWER-Topographical Lines Which is larger than a section? Select one...

Utah Real Estate Class Arti Latest 2024 Chapter 1 Affixed Typically in reference to mineral, water, or surface rights, resources that go with the property are affixed. Annexation The process of personal property becoming real property. With reference to subsurface rights, annexation is adding water or mineral rights to the property. Legal tests include method of annexation, adaptability, relationship of the parties. Appurtenance Something that comes with real property. Water or a...

National Real Estate Exam: Pearson Vue, Top exam questions & Answers, rated A+ Maria acquires a property from her uncle Alfonso. When Maria dies, the estate will pass to Alfonso's other niece Serena. The type of estate that Maria has in the property is: A. conventional life estate B. legal life estate C. fee simple defeasible estate D. tenancy by the entireties - -conventional life estate One difference between a cooperative estate and a condominium estate is that: A. a condo owner...

Real Estate UNIT 1 National Exam Questions and Answers Graded A+ All property other than real estate is known as what? Personal Property What is an appurtenant? Appurtenance is a legal term denoting the attachment of a right or property to a more worthy principal. Appurtenance occurs when the attachment becomes part of the property such as a furnace or air conditioning unit. Real estate consists of what three things? Land, Improvements, and Rights If a seller is taking a fixture i...

Property Ownership - ANSWER An item that has a legal owner, along with the attendant rights to legal ownership. Real Property - ANSWER Ownership of real estate and the bundle of rights associated with owning real estate. Personal Property - ANSWER Ownership of anything which is not real estate, and the rights associated with owning the personal property item. Chattel or Personalty - ANSWER Also known as Personal Property. Real Estate - ANSWER Air, water, land, and everything affixed...

GOLD COAST FINAL EXAM 2024 WITH 100% CORRECT ANSWERS actual notice - correct answer own it Constructive notice - correct answer record something in public records How Is Real Estate Recovery Funded ? - correct answer by fees & fines Eminent Domain - correct answer government has right to take away public use citizens can't refuse to sell) immune properties - correct answer government owned lot & block - correct answer residential sub-division surgery system Metes and Boun...