Grantee answer buyer - Study guides, Class notes & Summaries

It is essential that every deed be signed by the: a) Devisee b) grantee c) grantor & grantee d) Grantor - CORRECT ANSWER D- grantor Jim's mechanic's lien will remain against the property for at least: a) 1 year 2) 8 Months c) 10 years d) 4 months - CORRECT ANSWER A- 1 year A specific tract of land is known as a: a) devise b) chattel c) parcel d) littoral - CORRECT ANSWER C- parcel If you are a salesperson working with a buyer, then the buyer is your client: ...

Florida Real Estate Vocabulary Questions and Answers 100% Pass Assignor - Correct Answer ️️ -A person who transfers a legal right to another Grantor - Correct Answer ️️ -Party giving the deed that conveys title Grantee - Correct Answer ️️ -Party receiving the deed and acquiring the title Lessor - Correct Answer ️️ -Landlord who gives lease Lessee - Correct Answer ️️ -Tenant who receives lease Lienor - Correct Answer ️️ -Person who has a claim on another's propert ...

Real Estate License Exam Questions and Answers Rated A+ A contract of sale states that the earnest money deposit is to be placed in an interest-bearing account with any interest earned to be given to the buyer. This is: Okay, because the buyer and seller have agreed to this Tell the seller or cooperating broker that the check bounced If a buyer's earnest money check is returned for insufficient funds after being deposited into the broker's trust account, the broker should: The ...

Real estate 2024 EXAM QUESTIONS AND COMPLETE SOLUTIONS The concerns of the federal government in regulating real property right's include - Answer -Discrimination Which of the following is included in the bundle of rights inherent in ownership - Answer -To transfer What are three unique physical characteristics of land? - Answer -Immobile, indestructible, heterogeneous The concept that the state controls all bodies of water is called - Answer -The doctrine of prior appropriation ...

A brother and sister bought a commercial building and took title as joint tenants with right of survivorship. The brother died. The sister now owns the building: A. as a joint tenant with right of survivorship with her brother's heirs B. in severalty C. as a tenant in common with her brother's heirs D. as a life tenant with her brother's heirs having remainder interests - Answer-B. in severalty A building is valued at $215,000 and contains four apartments that rent for $470 each per mon...

Texas Principles Of Real Estate II Final Exam Questions and Answers Latest Updated CompleteWritten documents affecting a title to real estate are recorded: A. where the titleholder resides B. where the titleholder has legal residence C. at the county clerk's office where the property is located D. at any county clerk's office in Texas -answer- C. at the county clerk's office where the property is located A person appointed by a court to settle the estate of a deceased person w...

Exam Question Master 3 questions with correct and verified answers Insulation is rated by its ability to resist - heat flow A man successfully negotiated (and was paid for) the sale of a Federal Communications Commission license for a television station. He is NOT a licensed real estate broker or sales associate. The man - has not violated F.S. 475. Which statement is TRUE regarding the monthly payments on a 30-year, fully amortized loan? - Initially, interest is the larger portion of the...

New York Real Estate Exam with 100% Verified and Updated 2024 Where is the license law written? - Answer ️️ -Article 12-A Who is responsible for administrative discipline of real estate licensees? - Answer ️️ - Department of State or Secretary of State Under NYS Real Property Law, when Department of State revokes a salesperson's license, how much time must past before the salesperson can be relicensed? - Answer ️️ -One year If a broker's licensed is revoked, what happens to ...

Tenants in Common - Passed to surviving heirs - Answer Tenants do not have right of survivor ship. If a tenant dies, ownership is passed to the surviving heirs. Joint Tenancy - Right of Survivorship - Answer A form of concurrent ownership, which occurs when two or more persons own a single estate in land, with right of survivorship. Must have equal shares, right to partition. Warranty Deed - Main, basic deed - Answer A deed that guarantees a clear title to the buyer of real prope...

3. In real estate, which of the following is correct about the term "title?" - correct answer Taxes and insurance are often prepaid at closing to establish the escrow account. On which page of the Closing Disclosure form will the buyer see an accounting of the escrow account set up? - correct answer Page two, under other costs On page two of the form, other costs are itemized for buyers and sellers. Taxes, prepaids, and initial escrow payment at closing - usually two months' worth, are...