Exam (elaborations)
MISSISSIPPI REAL ESTATE EXAM 2 QUESTIONS AND ANSWERS
- Course
- Institution
MISSISSIPPI REAL ESTATE EXAM 2 QUESTIONS AND ANSWERS
[Show more]
Content preview
1-179 of 179obsolescnce
Give this one a try later!
Physical deterioration is not a form of
all co-owners are a single, indivisible legal unit (e.g. married couple)
,Give this one a try later!
Unity of Person-
In a regular life estate, the duration of the estate is determined by
Give this one a try later!
Life of the grantee
selling price and cost of sale
Give this one a try later!
amount realized on real property is the difference between
those losses that occur because the property is not fully occupied/used
Give this one a try later!
vacancy losses
Specific
Give this one a try later!
, Mortgage is what kind of lien?
depreciation deduction decreases each year
Give this one a try later!
Accelerated methods of depreciation
The deed is found in the possession of the grantee.
Or
The deed is recorded.
Give this one a try later!
Delivery of a deed is presumed to have occurred if:
agreement/meeting of the minds
Give this one a try later!
mutual consent is also called
Joint tenancy carries the
Give this one a try later!
, Right of survivorship
Landlord holds a ____________ during the lifetime of an estate less than freehold
Give this one a try later!
reversion interest
Habdneum Clause
Give this one a try later!
One element found in most deeds, but NOT REQUIRED, is the
benchmarks
Give this one a try later!
permanent reference markers are also called
Who orders a title search and why?
Give this one a try later!
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller selftest. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now