Joint tenancies - Study guides, Revision notes & Summaries

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...

Real Estate Definition - Answer is defined as land at, above, and below the earth's surface, plus all things permanently attached to it, whether natural or artificial. Land is defined as the the earth's surface, down to the center of the earth and upward to infinity, including natural objects. Used to transfer only real property is: - Answer Deed Personal property is transferred by a: - Answer Bill of Sale Elements of Personal Property - Answer Also known as Chattels - personal proper...

REE CH 8 Exam Questions With Revised Answers Tenants in common must own equal shares of their property. - answerFalse Tenants in common can make valid testamentary transfers of their interests - answerTrue Tenants in common must own equal shares - answerFalse A creditor of a tenant in common has a lien on the entire property - answerFalse A creditor of a joint tenant has a lien on the entire property - answerFalse A party receiving an interest in land from a joint tenant becomes a tenant ...

Finding property law difficult concept to grasp? I have compiled my notes into bite size contents. I have used these notes in preparation of the exams and it has helped me to fully understand, digest, and knowing how to apply the law to problem questions and essays. With these notes, I have achieved 82 for property law. These notes are comprehensive and is all you need for this term. The topics included are as followed: 1. Adverse Possession 2. Easement 3. Licenses & Leases 4. Mo...

Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity supplied due t...

TEXAS PRINCIPLES 1 EXAM ACTUAL EXAM 150 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES Samantha is a real estate licensee. She's showing her client a property. The client asks about some spots on the ceiling and wonders if they're an indication of a roof leak. What should Samantha do? - Answer️️ -Suggest that her client contact a roofing expert to make a determination. Buying and selling homes is Samantha's area of expertise, not identifying roof leaks. She shouldn't offe...

A self-contained housing unit with one or more habitable rooms containing at minimum a kitchen, bathroom facilities and an exit from the building. Define a 'Dwelling Unit' - A duplex is under single ownership (under 1 title) ... the dwelling units can then be lived in or rented out - The 2 dwelling units in a semi-detached structure are each owned separately (under 2 titles) What is the difference between a semi-detached structure and a vertically divided duplex? The interest ...

theres a presumption in the law in Florida law that businesses will have some sort of real property involved, either land w physical improvement or a long term lease why is a real estate license required sell a business? commercial real estate sales commission liens what does chapter 475, part III relate to any criminal records except for minor traffic violations like speeding what information must be disclosed on the real estate application? if you have a license in anot...

Phoebe's gross monthly income is $4,200, and she has $360 in monthly non-housing debt payments. The lender's qualifying ratios are 28% for the housing ratio and 36% for the total DTI ratio. What's the maximum housing payment she can afford? -$1,075 -$1,152 -$1,176 -$1,512 $1,176 **The maximum house payment is the lesser of the amounts calculated using both ratios. DTI: $4,200 x .36 = $1,512. $1,512 - $360 = $1,152. Housing ratio: $4,200 x .28 = $1,176. Phoebe's maximum payment is $1,15...

Wills Bar Prep Exam Questions With Correct Answers Ways to handle property at death historically - answer(1) strongest (first to pick up owned it unless someone stronger took it away) (2) bury with decedent (3) intestate succession (4) wills (5) will substitutes (inter vivos trusts, survivorship rights, contractual rights) will substitutes - answerincludes life insurance, joint tenancies or tenancies by entirety, inter vivos trusts, bank account trusts, deeds, contracts, and inter vivos gi...