Bundle of legal rights - Study guides, Class notes & Summaries

Indirect methods of measuring depreciation - Answer- -Sales comparison (Market Extraction) -Capitalization of income method Financing - Answer- The first adjustment in the sales comparison approach is Sales Comparison Approach - Answer- A fundamental strength in this approach is that it reflects the actions of the marketplace as well as what by buyers & sellers are actually doing doing and paying. -Consumer tastes/preferences -Consumer income -Price of related commodities -Consumer ...

MIE 305 Exam 3 Latest Update with Verified Solutions Bundle of Rights sticks metaphor owner = entire bundle of sticks renter = only a few sticks possession, use, control, exclusion, transfer Property Rights the legal rights that a person has over a piece of real property Real Property The legal interests in land and things attached to or growing on land ex: part of the earth’s surface, buildings, fences, and trees used to describe the legal rights that a person can have i...

supply - The amount of goods offered for sale within a given market at a given price during a given time period. General Agent - A property manager is an example of what type of agent? Special Agent - A real estate agent is an example of what type of agent? Residential, Commercial, and Industrial - The general uses of real property include the following: Market Comparison Approach - A means of comparing similar type properties would have recently sold to the subject property is known...

WV Real Estate Exam Questions and Answers Already Passed What are the types of fee simple estates? Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute The best type of ownership you can get. Fee Simple Defeasible Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? Fee simple determinable 2 Condition subsequent Fee Simple Defeasible Will include: so long as, while, during and includes the term reverter. Reverter Former ...

MS Real Estate PSI Exam Study Guide Accurate 100% MS Real Estate PSI Exam Study Guide Accurate 100% MS Real Estate PSI Exam Study Guide Accurate 100% Property Ownership - ANSWER An item that has a legal owner, along with the attendant rights to legal ownership. Real Property - ANSWER Ownership of real estate and the bundle of rights associated with owning real estate. Personal Property - ANSWER Ownership of anything which is not real estate, and the rights associated with owning the p...

Bundle of Rights - ANSWER An ownership concept describing all the legal rights that attach to the ownership of real property. ( posession, control, enjoyment, exclusion, disposition) Personal Property - ANSWER Chattel; movable/ portable; everything that "falls out" of a house that is turned upside down Riparian Rights - ANSWER "R" ivers; rights along flowing waters such as rivers and streams; navigable ( to waters edge) non-navigable ( to middle) Literal Rights - ANSWER "...

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...

Townhomes and single-family homes differ in that ______a common wall. (a) townhomes share (b) single-family homes are sold as distinct living units within (c) owners of townhomes do not own the land because of (d) townhomes are retro-commissioned and share (Ans- (a) townhomes share Rights that are associated with the ownership of real property are often referred to as the owner's: (a) Bundle of rights (b) Constitutional rights (c) Statutory rights (d) Civil rights (Ans- (a)...

RE Broker Exam Questions and Answers 100% CorrectRE Broker Exam Questions and Answers 100% CorrectRE Broker Exam Questions and Answers 100% CorrectRE Broker Exam Questions and Answers 100% CorrectRE Broker Exam Questions and Answers 100% Correct Bundle of rights - ANSWER-PUTEE - Possession, Use, Transfer, Exclusion, Encumbrance Real property - ANSWER-Real estate (land + manmade attachments) + bundle of rights Legal Title - ANSWER-Full ownership of property + bundle of rights Equitable ...

Utah Real Estate Class Arti Latest 2024 Chapter 1 Affixed Typically in reference to mineral, water, or surface rights, resources that go with the property are affixed. Annexation The process of personal property becoming real property. With reference to subsurface rights, annexation is adding water or mineral rights to the property. Legal tests include method of annexation, adaptability, relationship of the parties. Appurtenance Something that comes with real property. Water or a...