Deed restrictions - Study guides, Class notes & Summaries
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REE 4103 Exam 1 Questions with Complete Solutions
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Private ownership of real property rights is subject to certain restrictions, known as the four powers of government. Which of the following is NOT one of the four powers of government that restrict real property rights? Correct Answer-Deed Restrictions 
 
Items that have been installed or attached to the land or building in a permanent manner are considered which of the following? Correct Answer-Real Property 
 
Which of the following is able to perform a formal appraisal of real estate? Correc...
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HUD Certification Exam with complete solution 2023
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HUD Certification Exam with complete solution 2023Deed Restrictions 
Legally enforceable terms that govern the use of real estate 
 
 
 
Redlining 
The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial status of the area's residents. 
 
 
 
Civil Rights Act of 1968 
Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental...
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Colorado Real Estate Exam Prep/ 140 Questions and Answers
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Title Theory - lender owns, borrower has equitable title 
Hypothecation - pledging property as collateral for a loan without giving up possession 
Mortgagee - Lender 
Mortgagor - borrower 
Non Judicial foreclosure - *CO: Public trustee has power to foreclose 
1.Lender complains 2. Notice given 3. trustee sells after 125 days 
Strict foreclosure - No sale. 
Full legal title given to lender, loss of equity for borrower 
Judicial foreclosure - done through courts in *Title Theory states 
Conversion...
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Michigan Residential Builder's License Test With Correct Solution
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What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer Not less than $5K and not more than $25K and/or 1 year 
 
What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer Not less than $5K and not more than $50K and/or 4 years 
 
On your individual builder's license application, what should you write as your "business address"? - Answer Your personal address 
 
What is the cost of the indi...
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Colorado Real Estate Exam Preparation:Colorado Real Estate Exam Study Guide
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Title Theory 
 (Ans- lender owns, borrower has equitable title 
 
Hypothecation 
 (Ans- pledging property as collateral for a loan without giving up possession 
 
Mortgagee 
(Ans- Lender 
 
Mortgagor 
(Ans- borrower 
 
Non Judicial foreclosure 
 (Ans- *CO: Public trustee has power to foreclose 
1.Lender complains 2. Notice given 3. trustee sells after 125 days 
 
Strict foreclosure 
 (Ans- No sale. 
Full legal title given to lender, loss of equity for borrower 
 
Judicial foreclosure 
 (Ans-...
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HUD Certification Exam with 100% Correct Answers 2023
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Deed Restrictions - Correct answer-Legally enforceable terms that govern the use of 
real estate 
Redlining - Correct answer-The practice of refusing to make residential loans or 
imposing more onerous terms on any loans made because of the predominant race, 
color, national origin, religion, sex, disability, or familial status of the area's residents. 
Civil Rights Act of 1968 - Correct answer-Following the assassination of Dr. Martin 
Luther King Jr., Congress passed what monumental piece of ...
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Residential Market Analysis and Highest & Best Use
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The power of a given commodity to satisfy a need or want is called __________________. - Answer-Utility 
 
The development of a vacant land area is _____________ the highest and best use of the land. - Answer-Not Always 
 
The Consistent-Use Theory says the _______________ must all be valued considering the same highest and best use of the property - Answer-Land and the Buildings 
 
________________ involves subdividing the larger market into a workable study area. - Answer-Market Identification...
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COLORADO REAL ESTATE EXAM PREP EXAM REVIEW QUESTIONS AND ANSWERS. VERIFIED.| latest update 2024/25|
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COLORADO REAL ESTATE EXAM PREP EXAM REVIEW QUESTIONS 
AND ANSWERS. VERIFIED. 
Title Theory - -lender owns, borrower has equitable title 
Hypothecation - -pledging property as collateral for a loan without giving up possession 
Mortgagee - -Lender 
Mortgagor - -borrower 
Non Judicial foreclosure - -*CO: Public trustee has power to foreclose 
1.Lender complains 2. Notice given 3. trustee sells after 125 days 
Strict foreclosure - -No sale. 
Full legal title given to lender, loss of equity for b...
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Escrow Questions and Answers 100% Solved correctly
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Principle meridian - Answer-The north-south lines separating townships 
5 ways to acquire property - Answer-Occupancy 
Accession 
Transfer 
Will 
Succession 
Escrow agent - Answer-any person engaged in the business of receiving escrows for deposit or delivery 
Metes and bounds - Answer-A method of land description which involves identifying distances and 
directions and makes use of both the physical boundaries and measurements of the land. 
Occupancy - Answer-Openly and hostile for more than 5 ...
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Residential Market Analysis and Highest & Best Use Questions and Answers Already Passed
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Residential Market Analysis and Highest 
& Best Use Questions and Answers 
 
Already Passed 
 
The power of a given commodity to satisfy a need or want is called __________________. 
Utility 
 
The development of a vacant land area is _____________ the highest and best use of the land. 
Not Always 
 
The Consistent-Use Theory says the _______________ must all be valued considering the same 
highest and best use of the property Land and the Buildings 
 
________________ involves subdividing the l...
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