Fee simple ownership - Study guides, Class notes & Summaries

Car Sales Test Colorado Questions and Answers The License of a motor vehicle salesperson or a power sports salesperson may be denied revoked, or suspended on any of the following grounds except: - ANSWER ️️ Advertising a salvage vehicle while identifying the vehicle as a salvage vehicle The advertise price of a motor vehicle must include: - ANSWER ️️ Answer- Finance Charge Advertisement of rate of finance charge. If an advertisement states a rate of finance charge, it shall state...

Tennessee National Portion REAL ESTATE EXAM Latest 2024 Graded A+ A corporation is - Answer ️️ -a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is - Answer ️️ -property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a - Answer ️️ -tenancy in common between the new owner and the remaining joint t...

California Real Estate Exam: Questions & Answers Latest Update 2023/2024 100% Verified. Reed vs. King Case (Ans- Must disclose death (and manner of death) on a property if occurs within 3 years, except AIDS Jones vs. Mayer Supreme Court Decision (1968) (Ans- Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights Act of 1968) Easton vs Strassburgar (Ans- Seller disclosures to third parties AND agent visual inspection of all...

Bermuda Real Estate and Licensing Exam with Complete Solution Latest 2024/2025. Defect/Cloud in the title - Ans Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: - Ans Has no specific expiration but the length is specified (like a month to month lease) Net Lease - Ans lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession - Ans A ...

A licensee was showing property in an eight-unit complex to a prospective tenant using a motorized wheelchair. The tenant wanted to rent a unit, install grab bars in the bathroom, and lower all the door handles. The landlord... - Must allow the tenant to make the modifications at the tenants expense, but can require, by the terms of the lease, restoration of the property Which of the following is the best description of a fee simple estate? - The most complete ownership in property that one...

Land An immovable and indestructible three-dimensional area consisting of a portion of the earth's surface, the space above and below the surface, and everything growing on or permanently affixed to it. Five Attributes of Land "PUFFS" Permanent Unique Finite Supply Functional Stationary Four Value Characteristics of Land "DUST" Demand Utility Scarcity Transferability Raw Land is in its natural state, prior to grading, construction, and subdividing. It is UN...

New York Real Estate Exam with 100% Verified and Updated 2024 Where is the license law written? - Answer ️️ -Article 12-A Who is responsible for administrative discipline of real estate licensees? - Answer ️️ - Department of State or Secretary of State Under NYS Real Property Law, when Department of State revokes a salesperson's license, how much time must past before the salesperson can be relicensed? - Answer ️️ -One year If a broker's licensed is revoked, what happens to ...

IDIOMS – COURT INTERPRETERS Exam | 100+ Questions with 100% Correct Answers | ALL VERIFIED | Latest Update | 2023/2024 Idioms - Court Interpreters Exam 1. According to Hoyle: By the rules following the rules 2. Acid test: An acid test is something that proves whether something is good, effective, etc, or not. 3. After the fashion: poorly 4. All over but the shouting: finished 5. As the crows fly: Direct 6. At bay: At a distance 7. at sixes and sevens: in a state of confusion and d...

"A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their original interest and the balance going to A's estate. C) B holds fee simple ownership to A's share of the property D) B holds a life estate ownership to A's share of the property - CORRECT ANSWER-B) It is divided, with B retaining their original interes...

Colorado Car Sales Exam Questions With Correct Answers and Rationales Latest Updated 2024 (GRADED A+) The advertise price of a motor vehicle must include: Answer- Finance Charge Advertisement of rate of finance charge. If an advertisement states a rate of finance charge, it shall state the rate as an "annual percentage rate," using that term. If the annual percentage rate may be increased after consummation, the advertisement shall state that fact. If an advertisement is for credit not se...