The liens types agreement - Study guides, Class notes & Summaries
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NC 2024- real estate broker pre-licensing Exam Latest Update with Verified Solutions
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NC 2024- real estate broker pre-licensing 
Exam Latest Update with Verified Solutions 
Syndication - Answer -Two or more forms joining together as an entity to own real estate 
Estate in severalty - Answer -Ownership by one individual 
Concurrent ownership - Answer -Two or more persons share ownership with undivided interests 
Tenancy in common - Answer -Co-ownership without right of survivorship to other owners 
Police power - Answer -The broad right of the government to place reasonable restri...
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NC real estate broker pre-licensing exam
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NC real estate broker pre-licensing exam 
Syndication -Answer-Two or more forms joining together as an entity to own real estate 
Estate in severalty -Answer-Ownership by one individual 
Concurrent ownership -Answer-Two or more persons share ownership with undivided interests 
Tenancy in common -Answer-Co-ownership without right of survivorship to other owners 
Police power -Answer-The broad right of the government to place reasonable restrictions on the 
use of privately held land 
Easement -An...
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NC real estate broker pre-licensing exam questions and answers
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NC real estate broker pre-licensing exam questions and answers 
 
Methods of terminating easements (3) - Answer-1. Merger 
2. Release 
3. Abandonment 
 
Express agreement (easement) - Answer-Easement is real property interest and therefore transferred by deed and typically recordsd 
 
Types of specific liens (3) - Answer-1. Government lien 
2. Mechanic/construction lien 
3. Mortgage 
 
Types of general liens (3) - Answer-1. Judgment lien 
2. IRS or state lien 
3. Personal property tax lien 
 
Jo...
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NC real estate broker pre-licensing exam
- Exam (elaborations) • 28 pages • 2024
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NC real estate broker pre-licensing exam 
Syndication -Answer-Two or more forms joining together as an entity to own real estate 
Estate in severalty -Answer-Ownership by one individual 
Concurrent ownership -Answer-Two or more persons share ownership with undivided interests 
Tenancy in common -Answer-Co-ownership without right of survivorship to other owners 
Police power -Answer-The broad right of the government to place reasonable restrictions on the 
use of privately held land 
Easement -An...
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Real Estate Salesperson California State Exam 2023 with complete solutions
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Which of the following is most vital or important in planning a subdivision: - ANSWER-Market Analysis 
 
When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWER-Percentage Lease 
 
What is not an adequate method of transferring property? - ANSWER-Executive Sale 
 
What is considered personal property? - ANSWER-Existing Mortgage 
 
If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value...
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NC real estate broker pre-licensing exam Questions and Answers!
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NC real estate broker pre-licensing exam Questions and Answers! 
 
 
Syndication - ANSWER Two or more forms joining together as an entity to own real estate 
 
Estate in severalty - ANSWER Ownership by one individual 
 
Concurrent ownership - ANSWER Two or more persons share ownership with undivided interests 
 
Tenancy in common - ANSWER Co-ownership without right of survivorship to other owners 
 
Police power - ANSWER The broad right of the government to place reasonable restrictions on the u...
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MGMT 209 - EXAM 4 (SWIM)|UPDATED&VERIFIED|100% SOLVED|GUARANTEED SUCCESS
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Creditor 
A creditor is the party who extends the credit, also called lending institution. 
 
 
 
Debtor 
A debtor is the party who owes the debt, aka the consumer. 
 
 
 
Secured Creditor 
A secured creditor owns a security interest, which gives claim to specified property of the debtor. 
 
 
 
Collateral property is 
Collateral property is subject to the security interest. 
 
 
 
Security agreement 
A Security agreement is a document creating the security interest in collateral. 
 
 
 
Rights ...
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WRA FINAL EXAM QUESTIONS AND ANSWERS.
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WRA FINAL EXAM QUESTIONS AND ANSWERS. 
0-Bedroom Dwelling 
ANSWER : Any residential dwelling in which the living area is not separated from the sleeping area 
Abstract of Title 
ANSWER : A condensed history of a property's title showing, in chronological sequence, matters such as 
conveyances, liens, and encumbrances that have been recorded against the title in the office of the 
register of deeds or other public recording place 
Acceleration Clause 
ANSWER : A clause within a mortgage permitti...
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Real Estate Principles & Practices Final Exam Review 100% correct!
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Real Estate Principles & Practices Final Exam Review 100% correct! 
 
 
Chapter 11: Real Estate Taxes and Other Liens - ANSWER Chapter 11: Real Estate Taxes and Other Liens 
 
Lien - ANSWER Charge or claim against a person's property, made to enforce the payment of money. -security for lender 
 
Priority of liens - ANSWER Refers to the order in which claims against the property will be satisfied. "First come, first served." 
-real estate taxes always first b/c support vital community and scho...
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Rockwell Real Estate Exam WA 2
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Rockwell Real Estate Exam WA 2 
A counteroffer: 
A. acts as a rejection of the initial offer 
B. is used to rescind a previously existing contract 
C. is used only to make an offer contingent on a particular event 
D. is used when a buyer wants to make an offer where the seller has already accepted an offer - 
answerA. acts as a rejection of the initial offer 
A counteroffer is a rejection of the previous offer. Either a buyer or a seller may make a 
counteroffer, in response to either the initi...
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