RealEstateExpress Course Exam 2023 with 100% correct answers

Easements can be terminated by: - correct answer1. The purpose of the easement no longer exists. (a new road is built, etc.) 2. The holder of the easement abandons it for the statutory time period. 3. A merger of the properties occurs so an easement is not needed. 4. Destruction of the property or the easement (such as being at the bottom of a new dam filled with water.) 5. The owner of the easement issues a Quit Claim deed back to the property owner that granted the easement. 6. Excessive use occurs as determined by the courts. An instrument that records the history of the property is called - correct answerThe Abstract of Title A person died intestate. His property would pass according to - correct answerDecent and Distribution Another name for a Lender Policy is - correct answerMortgagee's policy. Protects the lender as a condition of obtaining the loan. The way to determine the identity of a property - correct answeris called a legal description How should a legal description be written? - correct answerso that "a reasonably competent surveyor could find it." What is the starting point in a Metes and Bounds description? - correct answerpoint of beginning (POB) Metes and Bounds - correct answerOne method of "legal description". The oldest of all the measuring systems used in the United States. It relies on monuments and point of beginning POB. Degrees are compass headings, based on a 360° circle. 3 forms of legal descripti