Tenancies - Study guides, Revision notes & Summaries

Maine Real Estate FinalAn adequate legal description of real estate is one: - by which a reasonable person can determine what property is described - the legal description is legally "adequate" if a reasonable person could identify the property based on the description. Ownership of real estate includes: a.) Rights to use the surface, subsurface and airspace over the land b.) Fixtures c.) Naturally growing tree growing on the land d.) All of the above - D.) All of the above Subsurfa...

Montana Property Management Exam Prep Questions With Verified Answers When is a new Property Manager required to complete their required CE hours by? - answerOct 31st / 2nd renewal date When a property manager decides to not offer their services predominately in a Jewish area of town, this illegal practice is called ? - answerRedlining Management personnel who reside at the property are called ? - answerSite Managers When is the move-in condition report NOT required ? - answerWhen there i...

Humber Real Estate - Course 1, Module 5: Introducing the Real Estate and Business Brokers Act (REBBA) Humber Real Estate - Course 1, Module 5: Introducing the Real Estate and Business Brokers Act (REBBA) Humber Real Estate - Course 1, Module 5: Introducing the Real Estate and Business Brokers Act (REBBA) - Attend a listing or offer presentation in a support role with a salesperson (i.e. taking photos or measuring rooms) - Set up listing files, complete marketing sheets, submit listings & chan...

RECA Quiz Review Questions WITH VERIFIED ANSWERS Which of the following describes a competent real estate professional? A) A real estate professional who agrees to provide services that they are incapable of performing B) A real estate professional who possesses the necessary ability and knowledge to perform an action proficiently C) A real estate professional who represents a client in matters that are beyond their expertise D) A real estate professional who holds a valid author...

An adequate legal description of real estate is one: - by which a reasonable person can determine what property is described - the legal description is legally "adequate" if a reasonable person could identify the property based on the description. Ownership of real estate includes: a.) Rights to use the surface, subsurface and airspace over the land b.) Fixtures c.) Naturally growing tree growing on the land d.) All of the above - D.) All of the above Subsurface rights in real estat...

ERS loans are assumable by qualified persons. T or F - True. What does the developer need to execute to establish a condo complex? - a declaration. (containing # of units, buildings, and land info) EMPLOYEE RETIREMENT SYSTEM (ERS) LOANS if leasehold, the terms of the lease must exceed the term of the loan by at least 5 years. - False. if leasehold, the terms of the lease must exceed the term of the loan by at least 10 years Someone manages real estate for one condo or coop association does...

1. A standard policy of title insurance protects the purchaser for title problems relating to (page 52) A. forgery in the chain of title. B. zoning changes. C. matters not of public record. D. rights of parties in possession. - A (C and D are covered by extended coverage policies.) 2. A purchaser paid $138,000 for an investment property. He spent $24,000 on improvements, took $32,000 in depreciation and sold the property for $138,000. What is the taxable gain? (page 81) A. $0 B....

evidence of prior bad acts by the accused is called similar fact evidence an information is the name of a document used to formally charge an offender trespass to property act is provincial which is not a level of court in Ontario court of queens bench everyone who is authorized by law to use force is criminally responsible for any excess thereof. what section of the criminal code deals with "excess of force"? section 26 criminal code as a security guard...

MIE 305 Exam Questions And Answers 100% Verified Real Property - answerThe legal interests in land and things attached to, or growing on land. Personal Property - answerReferred to generally as chattel, the rights, powers, and privileges a person has in things that are not real property, may be transferred by sale, gift, or will. Chattels Real - answerAn interest in land, such as a leasehold. Chattels Personal - answerMoveable personal property. Chattel Personal in Action - answerSomethi...

Correctly Solved Final Exam Property Management- Real Estate Council of Alberta [100% Correct Answers] The 4 D's of Disclosure are as follows: **Ans** Decide, Disclose, Document, Do. A common limitation on payouts is the co-insurance clause. **Ans** This clause safeguards the insurance company when a property is insured for less than its complete replacement value. If the owner opts for insufficient coverage and later files a claim, they will not receive the total amount o...