Recorded plat method - Study guides, Class notes & Summaries

Azure Tide Real Estate school general questions with complete solutions/ correct answers COLD + AC - C = Care, skill and diligence - O = Obedience, - L = Loyalty, - D = Disclosure, - A = Accounting, - C = Confidentiality OR OLD CAR - O = Obedience, - L = Loyalty, - D = Disclosure, - C = Confidentiality - A = Accounting, -R = Reasonable care, skill and diligence WHICHEVER ONE YOU CAN REMEMBER EASIER! - Correct Answer Six duties of the broker as a fiduciary are...

National Real Estate Exam Vocab 100% Correct Appurtenance rights, privileges or improvements that belong to and pass with the land. Improvements Man's additions to the land such as buildings and landscaping. Chattel Personal property, personalty Bill of Sale A document used to transfer ownership of personal property. Fixture An item that was personal property; however, it is attached in such a way that it has became real property. Never freestanding. Annexation Put it toge...

NATIONAL REAL ESTATE EXAM 2 QUESTIONS AND ANSWERS| 100% CORRECT 2024 Townships are subdivided into how many sections? A) 36 B) 50 C) 24 D) 100 - answerThe answer is 36. Townships are subdivided into 36 sections. Another name for the lot-and-block method of describing a parcel of land is A) the government survey system. B) the Torrens system. C) the metes-and-bounds method. D) the recorded plat method. - answerThe answer is the recorded plat method. This system uses lot and b...

National Real Estate Exam Questions and Answers Already Graded A Which of the following constitute an estate (tenancy) for years? A month-to-month lease. A tenancy at sufferance. A lease that is set to last six months. A tenancy at will. 67. A federal law that regulates t 1. Which method of legal description uses point of beginning, direction and distance? Metes and bounds. Lot and block. Government rectangular survey. Recorded plat. Metes and bounds. A borrower's right to sto...

Fixture CORRECT ANSWER An object that has been attached to land so as to become real estate. An article of personal property which has been installed in or attached to land or a building thereon, in such a manner that it is now considered to be a part of the real estate. Improvements CORRECT ANSWER Beneficial attachments to raw land that increase its value or improve its usefulness. Meridians CORRECT ANSWER Imaginary north-south lines which intersect base lines to form a starting point fo...

Real Property correct answersLand and everything permanently attached to it Personal Property correct answerspossessions such as jewelry, furniture, and boats Conveyance (Deed) correct answersEvery instrument, in writing, except a will, by which any estate or interest in real property is created, transferred, assigned or surrendered. Metes and Bounds correct answersA method of land description which involves identifying distances and directions and makes use of both the physical boundar...

Texas Salesperson Real Estate Exam (National) 100% Pass Real Property Land and Improvements and the Right to Use Them Fixture Personal property that has been attached. "Installed" or "Annexation" Trade Fixtures Required to run a business. They may be removed from the property prior to the termination of the lease. (Doctors, Dentists, Chef, Barber) Non-homogeneity Land: No two pieces are exactly alike. Immobility Land: Cannot be moved Indestructibility Land: "Durability...

Georgia Real Estate License Exam Prep - Deck 2 with Complete SolutionsGeorgia Real Estate License Exam Prep - Deck 2 with Complete SolutionsGeorgia Real Estate License Exam Prep - Deck 2 with Complete Solutions What is the purpose of a legal description of property? - ANSWER-To accurately locate and identify the BOUNDARIES of a parcel of property to a degree acceptable by courts of law ____ is a legal description of a parcel of land that begins at a well-marked point and follows the boundari...

An easement created when a parcel of property has no access to a street is called? Easement by Necessity The method for legal description of property that refers to a subdivision map is the? Recorded Plat A seller has paid the property taxes of $832 before closing, which occurs on Dec 8. Using a 360-day year for prorating purposes, what is the amount of the sellers prorated tax refund at closing? 50.84 the city builds a new fire station to replace an older one, if the cit...

Colibri Real Estate Chapter 2 Quiz Questions with 100% Correct Answers An agency relationship may be involuntarily terminated by which of the following? - Answer- By destruction of the property through fire, vandalism, or natural disaster When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who shows the listed property automatically becomes - Answer- A subagent An agency relationship may be involuntarily terminated by which of the following? - Answer- Co...