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Barney Fletcher Real Estate Exam 2024 Updated Questions with Verified 100% Correct Answers Latest Edition £6.54
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Barney Fletcher Real Estate Exam 2024 Updated Questions with Verified 100% Correct Answers Latest Edition
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Barney Fletcher Real Estate Exam 2024 Updated Questions with Verified 100% Correct Answers Latest Edition Barney Fletcher Real Estate Exam: 2024 Updated Questions with Verified 100% Correct Answers | Latest Edition combining two or more contiguous parcels of real estate into a single parcel ...

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  • November 10, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • barney fletcher real estate exam 2024 updated
  • barney fletcher real estate exam

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  • Barney Fletcher
  • Barney Fletcher

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Barney Fletcher Real Estate Exam:
2024 Updated Questions with Verified
100% Correct Answers | Latest
Edition
combining two or more contiguous parcels of real estate into a single parcel
under one ownership - ✔✔Assemblage

an increase in value resulting from assemblage - ✔✔plottage

personal property that is permanently attached to real property and goes with the
property when its sold - ✔✔fixture

if object was fixed or installed with the intention of improving the home - ✔✔what
makes something a fixture

when new fixtures are attached ex. heat/air, roof - ✔✔appurtenances

associate broker - ✔✔have brokers license but are working for another broker

in charge of and responsible for all real estate operations conducted by a real
estate brokerage firm - ✔✔principal/employing broker

government / rectangular survey - ✔✔which type of land description are the
properties described as they relate to meridians

any change of ownership - transferring ownership rights or interests in real
property from one person to another - ✔✔alienation of title

right of ownership of a parcel of real property held by an owner - ✔✔legal title

interest in a piece of real estate held by a buyer held under a contract to obtain
absolute ownership of the property at a future date - ✔✔equitable title

,lacks the usual rights and privileges associated with ownership - ✔✔bare legal
title

information has been made available to the public - ✔✔constructive notice

when factors exist that make someone inquire further
ex. dirt road running across you would inquire whether there is an easement in
place - ✔✔inquiry notice

a title free from reasonable doubt as to who the owner is - ✔✔marketable title

detailed report of the title search - ✔✔abstract of title

an owner petitions the state court to register his property
transfer of land - ✔✔torrens system

individuals are able to own land - ✔✔allodial system

right of govs to assume property for necessary public use - ✔✔eminent domain

power the gov has when someone dies intestate and leaves no known heirs -
✔✔escheat

police power, eminent domain, taxation, escheat - ✔✔PETE - powers of gov
over title

unauthorized infringement on a property owners rights as a result of physical
intrusion - ✔✔encroachment

highest and most complete form of ownership - ✔✔freehold estate

possession of freehold estate - ✔✔seisin

a fee simple estate that has certain limitations / qualifications
- owner holds fee simple title - ✔✔qualified fee estate

capable of being voided/defeated - ✔✔defeasible

, fee simple estate that is conveyed to a person for the duration of their life -
✔✔life estate

future interest in real estate created at same time and by same instrument as
other state - ✔✔remainder estate

any state created by the law/ gov - ✔✔statutory estate

for years, year to year, at will, sufferance - ✔✔Non-freehold estates

definite beginning and definite end - ✔✔for years

indefinite number of time periods
ex. month to month or week to week rental - ✔✔year to year

when a tenant in lawful possession with no definite time specified as to when he
may vacate - ✔✔at will

when a tenant occupies real estate after his lawful rights have run out
- goes until tenant vacates or landlord takes action
- termination doesn't require notice - ✔✔sufferance

stops a person from acting against another if they dont do it in a set amount of
time - ✔✔laches

property, interest, time, title - ✔✔PITT - four unities

for married couples - only between husband and wife - ✔✔tenancy by the
entireties

most common form of ownership
can have unequal ownership interests
can be willed - ✔✔tenancy in common

all partners have unlimited liability

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