Stringham schools Study guides, Class notes & Summaries

Alison Gray held fee simple tile to a vacant lot adjacent to a hospital. She was persuaded to make a gift of the lot to the hospital. She wanted to have some control over its use, so her attorney prepared her deed to convey ownership of the lot "as long as it is used for hospital purposes." After conveyance of the gift, the hospital would own: - A determinable fee estate An important characteristic of land is that it can be improved. These modifications become a part of and tend to increa...

A licensee has ________ _______ to notify the division in a signed statement of a felony, misdemeanors involving moral turpitude ---- this is not a DUI - 10 Business days A ___________ involving fraud, misrepresentation, theft, or dishonesty that resulted in a convistion or incarceration with in __________ years preceding the date of the application warrants an __________ denial of licensure. - Misadaminor, 3 Years, Attomatic 1 of the 9 supporting services situation/people who do not need a...

The Board of Association of Realtors will _______ be the right answer in regard to legal issues. The Board?Association of Realtors only enforces ________ of Ethics violations -:- Never & Code The real Estate Commission is composed of 5 commissioners _____________ by the ________________ -:- Appointed & Govenor A real estate license is required when selling or managing another person's property for ___________ _____________ -:- Valuable Consideration An, _________ who is selling...

Which of the following is a complete definition of real property? -:- Land and its appurtenances, all the air space to infinity and everything below the surface to the earth's center Which of the following is an economic rather than a physical characteristic of real property? -:- Area preferences - situs The definition of the term "real property" includes: -:- Air space and subsurface rights Which of the following would be an example of chattel? -:- Cattle The definition of an e...