Legal estates in land - Study guides, Revision notes & Summaries

Mississippi Real Estate Exam Latest Version Graded A+ Real versus personal property real property: Real estate and the bundle of rights Personal property: all property that is not land or permanently attached to land, excepting trade fixtures and emblements. Physical characteristics of land immobility, indestructibility, and heterogeneity. Metes and Bounds describes property by landmarks, monuments, distances and angles. From point of beginning (POB) and returns to POB Rectan...

Land - Answer-Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration - Answer-Zoning Board of Adjustment oversees rule administration and appeals Real estate - Answer-land plus manmade permanent attachments Real property - Answer-real estate plus bundle of rights Bundle of Rights - Answer-Possess Use Transfer Exclude Encumber Physical Characteristics - Answer-Immobility; indestructibilit; hetoerogeneity Immobility - Answer-Land cannot mov...

Principles of Real Estate 1 – Champions Latest Update 100% Pass Leasehold Estates possession and use of property without ownership Estate for years (tenancy for years) any lease with a specific starting and ending date. Survives the death or sale of the property Periodic Tenancy/periodic estate lease that automatically renews itself for like periods. example month to month. Requires notice to terminate Estate at Will Very loose agreement, terminates on death or sale of the pro...

TN Timeshare Salesperson – 1010 Latest Update Graded A Appurtenant A homeowner has negotiated with a neighbor to obtain the permanent right to pass over the northern part of the neighbor's land to gain access to the river. He pays the neighbor $9,000 for the right of access and receives a deed. This is an easement A legal easement can be created by any of the following EXCEPT definition within a deed. A license. A homeowner is willing to let his neighbor park an RV in his backyard. He does ...

Indiana Real Estate Exam Prep Review, Verified Solution Land Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration Zoning Board of Adjustment oversees rule administration and appeals Real estate land plus manmade permanent attachments Real property real estate plus bundle of rights Bundle of Rights Possess Use Transfer Exclude Encumber Physical Characteristics Immobility; indestructibilit; hetoerogeneity Immobility Land cannot m...

N.C. Real estate pre-licensing exam with correct answers 100% Real property -Answer-Land & everything that is permanetly attached to the land & everything that is appurtenant to the land Personal property (personalty) -Answer-All propery that doesn't fit the definition of real property. CHATTLES are moveable Land -Answer-The earth's surface extending downwards to the center of the earth & upward to infinity Real estate (realty) -Answer-Land at, above, or below the earth's surface, inc...

Method of describing land which is NOT used in North Carolina? - ANSWER Government rectangular survey In NC, the last day that real estate taxes for the current year may be paid without penalty is? - ANSWER By January 5th of the next year A description of property that reads "Beginning at the large oak tree on the Northern line of State Road 18, approximately one mile west to the intersection state road and the Great Southern Railroad right-of-way ,north approximately 15' along the drain...

parcel portion of land delineated by boundaries • Real property ownership of real estate and the bundle of rights associated with owning the real estate. • Personal property ownership of anything that is not real estate, and the rights associated with owning the personal property item • Tangible property physical, visible, and material Intangible property abstract, having no physical existence in itself, other than as evidence of one's ownership interest. ...

ACEABLE REAL ESTATE GEORGIA SECTION 1 CHAPTERS 1- 7 EXAM QUESTIONS AND ANSWERS, RATED A+/ 2 Rights that are a package deal - -Right to Control and Right to encumber These are often rolled into one under Right to Control 2 types of FEE SIMPLE ESTATES - -Absolute estates Defeasible estates 2 types of FREEHOLD ESTATES - -Fee simple Life Estate 2 types OF Freehold estates - -Fee Simple Life Estate 3 Characteristics of Determinable - --The estate will come to an END AUTOMATICALLY AND imm...

Hawaii Real Estate Review Quiz 3 100% Correct Solved A professional Appraiser can render all but one of the following: A) An opinion of value B) A conclusion of value C) A judgement of value D) A determination of value - Correct Answer ️️ -D) A determination of value One of the distinguishing characteristics of joint tenancy is that the: A) Tenants possess separate estates B) Tenants may possess unequal interests in a single estate C) Interests of a deceased tenant pass to the remai...