Real estate

Easement by prescription correct answers Easement acquired by continuous open and hostile use of the property for the period of time prescribed by state law Easement by necessity correct answers Easement allowed by law as necessary for the full enjoyment of parcel of real estate .(right of ingres...

How often *must* you take continuing education? correct answers *Every 4 years*. In Georgia, which of the following is *NOT* a cost or expense of owning a home? correct answers Taxes on *personal property*. A *Broker's*, license fee costs how much? correct answers *$170* All of the followi...

Deed correct answers Document used to transfer title. Title correct answers Land+ deed, (who are the owners and what are their rights?) Real Estate correct answers Land+appurtenances (right or improvement attached to the land) Two types of characteristics of land: correct answers Physical &...

personal property correct answers are the items the seller can load into the van when moving after the sale chattels personal correct answers refers to cars, boats, furniture, clothes, stocks, money and tools chattels real correct answers items that extend to owner an interest in real property...

Georgia Real Estate Commission size correct answers 6 members Georgia Real Estate Commission appointed by correct answers Governor of Georgia Georgia Real Estate Commission confirmed by correct answers Georgia state senate How long are each of the Georgia Real Estate Commission members' te...

The Commission's authority is based upon: correct answers Statutory law Agency can best be described as: correct answers A written representation agreement between Broker and client. Charging advance brokerage fees is: correct answers A duty of a broker. The Commission rules and regulation...

What fines may be imposed by the Commission for rules violations? correct answers A maximum of $1,000 for a single offence or $5,000 for multiple violations Charging advance brokerage fees is correct answers a duty of a broker. Agency can best be described as correct answers a written represen...

Accrued interest on loan assumed. correct answers Which of the following costs is usually a credit on the estimated purchaser's cost worksheet? Hazard insurance is correct answers prepaid in advance negotiable between the buyer and seller correct answers The payment of the intangibles taxes a...

Encumbrance correct answers Any interest or right to land held by third persons which affects the title and possibly the value of the property Effects of Encumbrance correct answers 1. Physical condition of the property, or use of property (deed restrictions, easements, and encroachments) 2. Fin...

A person has legal rights in another's real property. These rights are short of an estate therein and would be called: correct answers An easement Easements are generally created in all but which one of the following methods? correct answers Assignment The servient estate in regard to an ease...

Which of the following describes an encumbrance? A. A third party's right to encroach upon a property without the permission of the property owner B. A third party's right to claim the sale proceeds of a property that has been mortgaged as collateral for a loan C. A third party's interest in a...

An easement could be created for what length of time: correct answers Any of the above (perpetuity; the lifetime of a person; a term of years) The land that is benefited by an easement is called the: correct answers Dominant tenement Land that is subject to an easement is said to be: correct a...

brokerage correct answers the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction; a brokerage transaction may or may not involve agency relationships The role of a property manager correct answers Generally responsible for the day ...

appurtenance correct answers term used to describe rights, privileges or improvements that belong to and pass with the land improvements correct answers man's additions to the land such as building and landscaping personal property correct answers also called chattel or personalty; a right or...