Appurtenances - Study guides, Class notes & Summaries

Assemblage - ANSWER combining two or more contiguous parcels of real estate into a single parcel under one ownership plottage - ANSWER an increase in value resulting from assemblage fixture - ANSWER personal property that is permanently attached to real property and goes with the property when its sold what makes something a fixture - ANSWER if object was fixed or installed with the intention of improving the home appurtenances - ANSWER when new fixtures are attached ex. heat/air, ro...

Which of the following is personal property? A. appurtenances B. fixtures C. trade fixtures D. shrubbery - Answer trade fixtures Which is NOT an example of an attachment? A. a basketball hoop that is moved into the garage in the winter B. a greenhouse that is built off the garage C. the lily pond in the backyard Japanese garden D. uncut roses on a rose bush planted by the back door - Answer a basketball hoop that is moved into the garage in the winter

Time share - ANSWER A right to occupy a unit during 5 or more separate time periods over a period of at least 5 years, can be freehold or non-freehold estate What are other names for a time share? - ANSWER Vacation lease, prepaid hotel reservation, club membership, limited partnership or vacation bond How long does someone have to cancel a time share contract? - ANSWER 5 days How long must a time share developer keep money in a trust account? - ANSWER 10 days before moving to operating ...

Colorado Law and Practice - Real Estate Questions and Answers 100% Pass Real Property - Correct Answer ️️ -- Land plus appurtenances. - Man-made appurtenances. - Natural appurtenances. - Air, gas, solar, light and sound, mineral and surface rights. - Water rights. Livery of Seisin - Correct Answer ️️ -I own it and I have the right to sell it. 5 Economic Characteristics of Land - Correct Answer ️️ -D - Demand U - Utility or Usefulness S - Scarcity: sells quickly if available...

Principles of Real Estate Questions With Correct Answers. All of the following are participants in the market except: A. Owner B. Renter C. Developer D. TREC D. TREC In order to apply for a broker's license in Texas, the applicant must have been licensed in Texas as a salesperson with an active license for: A. 5 years of the previous 60 months B. 3 years of the previous 48 months C. 2 years of the previous 36 months D. 4 years of the previous 60 months D. 4 years of the previou...

FL CAM Practice Exam 1 Questions And Correct Answers. Complete Solution 2024 After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: A.$50,000 B.$75,000 C.$100,00 D.$125,000 C. A type of joint ownership of real estate where legal title is not vested in the individual, but the individual receives the right to occupy a unit, is a: A. mob...

1. A bill of sale is used to transfer the ownership of a. real property. b. fixtures. c. appurtenances. d. personal property. - d. personal property. 2. The use of borrowed money to finance a purchase with a relatively small down payment is called a. an encroachment. b. leverage. c. capital gain. d. appreciation. - b. leverage. 3. A real estate licensee helps both buyers and sellers with paperwork for transferring property. The licensee is not an agent of either party and may not disc...

The rights and obligations inherent in the ownership of a unit in a condominium are - Appurtenances to the Unit The original corporate structure of a condominium association is established in the -Articles of Incorporation A claim of Lien on a condo unit for delinquent assessments is in effect from the time of recording for a period of -12 Months

Personal PropertyAnything that is NOT realty RealtyLand, real estate, and real property LandFrom the core of the earth upward in the shape of a cone including subsurface, surface, and airspace into infinity Real EstateLand including improvements or fixtures, tangible or corporeal appurtenances, fructus industriales, and emblements Real PropertyLand and real estate including intangible or incorporeal appurtenances known as the bundle of rights (possession, control, enjoyment, exclude, a...

After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: A.$50,000 B.$75,000 C.$100,00 D.$125,000 - correct answer C. A type of joint ownership of real estate where legal title is not vested in the individual, but the individual receives the right to occupy a unit, is a: A. mobile home. B. cooperative C. mandatory homeowners' associa...