Tenancy in common Study guides, Revision notes & Summaries
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Louisiana Real Estate Practice Exams (National) Questions and Answers Already Passed
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Louisiana Real Estate Practice Exams 
(National) Questions and Answers 
 
Already Passed 
 
Real property can be converted to personal property by: severance 
 
Legal descriptions using the government survey system are NOT generally used in: the 
original 13 states 
 
Although states make specific laws governing water rights and the rights in land that borders 
water, most states generally follow one of two basic doctrines regarding water rights. In many 
states, the common law doctrine of ripar...
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Humber Real Estate - Course 2, Module 3, Understanding Residential Property Types, Ownership and Planning Questions and Answers(A+ Solution guide)
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Define a 'Dwelling Unit' - Answer-A self-contained housing unit with one or more habitable rooms 
containing at minimum a kitchen, bathroom facilities and an exit from the building. 
What is the difference between a semi-detached structure and a vertically divided duplex? - Answer-- 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) 
Define ...
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RECA Fundamentals Exam 2023 Questions with Verified Answers
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Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) 
 
Which entity has the authority to amend the Real Estate Act - Answer- 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 - Answer- Consumer Price Index (CPI) 
 
Which of the following will occur to the supply of a good when there is a change in quantity...
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MIE 305 Final Exam Study Guide with Complete Solutions
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MIE 305 Final Exam Study Guide with 
 
Complete Solutions 
 
Possession Bundle of Right that is the right to claim title over the property, one exerts 
dominion and ultimate power over it 
 
Control Bundle of Right that is the right to decide how the property is to be used, or 
employed 
 
Enjoyment Bundle of Right that is the means by which the rights-holder can decide how to 
use the property. Others can violate this through the law of nuisance. 
 
Exclusion Bundle of Right that gives the righ...
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Course 1 Terms (Real estate Humber) Latest Update Graded A
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Course 1 Terms (Real estate Humber) Latest Update Graded A Fee Simple Estate (Free Hold) It is the highest form of an estate and is also known as absolute right. 
It provides maximum rights with minimum limitations. Includes the rights to use, sell, enter, possess, lease, or give away 
Leasehold Estate Interest in land for a definite time period 
An estate that gives the holder (Tenant) a temporary right to possession, without title. 
The grantor is called the landlord (lessor) and the grantee i...
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FL Real Estate License Practice Exam 1 Questions And Correct Answers. Complete Verified Solution 2024
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FL Real Estate License Practice Exam 1 Questions And Correct Answers. Complete Verified Solution 2024 
 
Steve deeded to his father a home for as long as his father was alive. One stipulation to the deed was that the property would be passed to the local Youth Center upon the death of Steve's father. What type of estate does the Youth Center have? 
 
a. A reversion estate 
b. A remainder estate 
c. A life estate 
d. An estate for years 
B 
A property that has been declared as a homestead has wh...
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PSI Maryland Practice Exam Questions and Answers Already Passed
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PSI Maryland Practice Exam Questions 
 
and Answers Already Passed 
 
If an older building cannot be air-conditioned, it is an example of ___________ ? 
 
A. Economic obsolescence. 
 
B. Functional obsolescence. 
C. Physical deterioration. 
D. External deterioration B. Functional obsolescence. 
 
An appraiser MUST be licensed or certified to handle Federally related work on residential 
property valued at more than ___________? 
 
A. $100,000. 
B. $250,000. 
C. $500,000. 
D. $1,000,000. B. $250,...
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National Real Estate Exam Portion for Ohio 100% Accurate!!
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Tenancy at Will - ANSWER No written agreement, and can be terminated at any time by landlord or tenant 
 
Tenancy at sufferance - ANSWER Tenant is allowed to live on property after lease is over but before they are forced off the property 
 
Tenants in common - ANSWER Ownership where tenants could have different amounts of ownership. If passed away heir will take over the undivided ownership (no survivorship) 
 
Joint Tenants - ANSWER 2 or more people own equal rights with the right of survivors...
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Legal Aspects Final Exam 2022/2023 With Complete Solutions.
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Because the United States started as an English colony, our legal system is a mix of 
common law and civil law 
 
 
 
Which of the following is not one of the four main sources of law? 
Contract law 
 
 
 
Based on the two broad categories of law, which one covers typical cases involving contracts and property ownership? 
Civil law 
 
 
 
The California _________ is the highest court level and all courts in California are bound by its decisions. 
Supreme Court 
 
 
 
Some courts recommend that p...
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Humber Real Estate - Course 2, Module 3, Understanding Residential Property Types, Ownership and Planning Graded A
- Exam (elaborations) • 24 pages • 2023
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Humber Real Estate - Course 2, Module 3, Understanding Residential Property Types, Ownership and Planning Graded A Define a 'Dwelling Unit' A self-contained housing unit with one or more habitable rooms containing at minimum a kitchen, bathroom facilities and an exit from the building. 
What is the difference between a semi-detached structure and a vertically divided duplex? - A duplex is under single ownership (under 1 title) ... the dwelling units can then be lived in or rented out - The 2 d...
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