Easements - Study guides, Revision notes & Summaries

Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions. Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? - False Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed - D Which of the following is NOT an improvement of land? A. Building B. ...

A client has purchased a plot of land from a seller. The plot forms part of the garden to the seller's house. The seller told the client that they built their house ten years ago and that they intended to continue living in the house (the "retained land") following the sale of the plot to the client. The client has now decided that she wants to construct a dwelling house on her plot but she has discovered that drains serving the seller's retained land run across the plot. The seller has r...

Which of the following would create legally binding acceptance of a written offer? -The seller's agent emails the buyer's agent that the seller signed the offer as written. A broker is preparing a comparative market analysis (CMA) for a subject property with 3200 square feet. A comparable property has 2750 square feet. The estimated value of 450 additional square feet is $22,500. The broker should... -Add $22,500 to the sales price of the comparable property. An option to purchase has bee...

PSI PA State Real Estate Practice Exam Questions and Answers 100% Pass Requires the seller to provide notice to a purchaser about whether a structure on the land is entitled to support from the underlying coal. Coal Notice Three conditions that must be met for a mobile home to be considered real estate 1. Mobile home is transferred in conjunction with and as a part of an assignment of a land lease or the transfer of an interest in land on which the mobile home is situated; or 2. Mobile home is...

Easements and Covenants Question and answers verified to pass 2024/2025 Easements and Covenants What is an Easement? - correct answer The right to use another's property for a specific use. Dominant vs. Servient Estates - correct answer Dominant - Land benefited by the easement Servient - Land burdened by the easement, easement runs through) Impertinent Easement - correct answer Any type of easement where the dominant estate is benefited by the servient estate. Can only be ...

Nevada Cam License Class Questions and Answers Already Passed Latest Updated 2023 | Graded A+ If you were looking for maintenance easements for a community, where would you most likely find those provisions? A. Bylaws B. Secretary of State’s Office C. Articles D. The Plats or CC&R’s. Board members must do all of the following except: A. Follow the Business Judgment Rule. B. Receive a Salary for serving on the Board. C. Read NRS 116, NAC 116, their governing documents and...

MNO3704 ASSIGNMENT 1 SEMESTER 2 2024 Which one of the following statements describes the role of the water, air and soil experts in a cross-functional team? a. The water, air and soil experts ensure that workers increase their level of competence pertaining to SHE issues in the workplace. b. The water, air and soil experts perform the functions associated with planning and control, ensuring effective dealing with environmental aspects. c. The water, air and soil experts assist organisa...

One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): A) attorney-in-fact B) broker with a listing C) special agent D) attorney-at-law attorney-in-fact No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: A) township B) section C) scarcity D) nonhomogeneity nonhomogeneity The five essential elements that make a contract valid are: comp...

After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: A.$50,000 B.$75,000 C.$100,00 D.$125,000 - Correct Answer C. A type of joint ownership of real estate where legal title is not vested in the individual, but the individual receives the right to occupy a unit, is a: A. mobile home. B. cooperative C. mandatory homeowners' associati...

Land Law - Easements Exam With Complete Solutions 100% Verified...