Joint tenancies - Study guides, Revision notes & Summaries

A judgment has been properly recorded. Any subsequent purchasers, whether they have actually examined the record or not, have been given - Answer-constructive notice Legal descriptions using the government survey system are NOT generally used in - Answer-the original 13 states A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1 month's rent and got a receipt. What kind of leasehold does the tenant have? - Answer-Tenancy at will In the sale of...

When an offer is drafted, not signed. What is considered the 'Offer Date'? No. Even if terms are changed on a following day and the offer is re-submitted, the offer date remains the same. Does the date of an offer change? Use the full legal names, and if the individual has one or more middle names, at a minimum identify the initial(s). Tip: Whenever possible, use the full middle name(s) as this helps distinguish the seller or buyer who has a common first and last name. What...

Define 'Estate' - Answer An interest in land that contains various rights associated with ownership or tenancy. What are the 2 most common types of estates? - Answer Fee simple & leasehold. What type of rights would be required to build a bridge, railroad or skyscraper? - Answer Air rights What type of rights would be required to build on a parcel of land? - Answer Surface (or ground level) rights What type of rights manage the property owner's access to and use water, and are oft...

EOC test for gold coast real estate course|Complete Questions with 100% Correct Answers what are the 3 areas that a licensee are required to have expert knowledge? property transfer, valuation, marketing when a developer acquires a large tract of land and records a subdivision play map, and uses a model center from which sales are made is called? tract building focusing on one type or style of property or a particular neighborhood farming/farm area sales associate who wishes t...

REE CH 8 TEST QUESTIONS WITH VERIFIED ANSWERS - UPDATED A tenancy by the entirety requires four unities to be created validly - Answer-False A tenancy by the entirety can be severed by either spouse - Answer-False Tenancy in partnership has the characteristic of survivorship like that found in a joint tenancy - Answer-True Joint tenants cannot make inter vivos conveyances - Answer-False In both tenancies in common and joint tenancies, all tenants have the right to exclusive use and po...

Mo Statute 339 - ANSWER-License Law RSMO 1986 License Law - ANSWER-Any person who performs a RE service on behalf of another party for CONSIDERATION must be licensed; i.e. broker transactions, managing property, appraising, counseling, syndicating, auctioning Consideration - ANSWER-Includes $ compensation, exchange of free services, or any other valuable good or service that a person expects to be paid (Vital in license law requirement) MO Real Estate Commission (MREC) - ANSWER--authori...

what are the 3 areas that a licensee are required to have expert knowledge? - Answer property transfer, valuation, marketing when a developer acquires a large tract of land and records a subdivision play map, and uses a model center from which sales are made is called? - Answer tract building focusing on one type or style of property or a particular neighborhood - Answer farming/farm area sales associate who wishes to apply to be a broker must have - Answer 24 months under one or more a...

Cloud Bursting When a company uses its own computing infrastructure for normal usage and accesses the cloud when it needs to scale for high/peak load requirements, ensuring a sudden spike in usage does not result in poor performance or system crashes. No; under current laws, liability and risk for safeguarding PII and meeting regulations reside with the organization, even if they have contracted with a cloud provider. Can an organization transfer risk and liability for safeguarding PII ...

NYS Real Estate Exam Questions And Correct Answers. Complete Verified Solutions Which of the following is considered a fixed operating expense? utilities, cleaning expenses, insurance premiums, management fees. Insurance Premiums What is overage rent? Rent calculated on a percentage of sales volume what is the amount a buyer owes at closing equal to? The excess of the buyers debits over the buyers credits real estate agents are typically what kind of agent special agent what is the em...

National Real Estate Exam - Guide to Pearson Vue Book, Questions And Correct Answers An estate for years The phrase definite duration refers to: A periodic tenancy A lease that automatically renews itself, in the absence of notice, is: $66,666 A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 Signed by the grantor A requirement of a valid deed is that the deed be: The Truth In Lending Act To locate buyers for other pro...