Easements in gross - Study guides, Class notes & Summaries

11.31 pollution control exemption - person is entitled to exemption from taxation in whole or part for a facility or device that is used for the control of air, land or water pollution Ineligible for this exemption: property used to manufacture the devices, property used for residential or recreational purpose Must file permit application/exemption with the TCEQ (Texas Commission on Environmental Quality). Deadline is January 31 23.23(a) sets a limit on the appraised value of a residence h...

TEXAS PRINCIPLES 1 | QUESTIONS & ANSWERS | ALREADY GRADED A+| VERIFIED & UPDATED| 2024 i. How much is the largest fine for any single violation of the Fair Housing Act? $110,000 ii. What is a point? 1% of the loan amount iii. states what the title covers and does not cover? title commitment iv. policy that will insure against losses from title defects and against errors in title examination? title insurance v. Part / the percentage(%) = total vi. Areas of earth = 36 Sq. Miles ? township...

A broker listed a residential property for 180 days. After the listing expired, the seller asked the broker to rent it out. Which of the following statements BEST describes the broker's obligations? The broker could hire an unlicensed person to rent the property. A licensed Florida broker is doing seminars on Florida property at dinners in various places in Kansas. Some people have asked her if they can purchase the properties. Which is true regarding her need for a Kansas license? She...

easements in Gross are - Answer Agreements are personal in nature, does not attach to a dominant estate, rather a person or entity what type of easement attaches to the owner's land and transfers to the new owner? - Answer appurtenant easement the parcel that provides the land for the easement is the - Answer servient estate the party that uses an appurtenant easement is called - Answer dominant estate this refers to the number of lots a parcel of ground can be subdivided into - Ans...

Objectives of Federal Reserve System - To counteract inflationary and deflationary trends, to create a favorable economic climate, to maintain sound credit conditions but NOT to control the secondary mortgage market Remainder Interest - A fee simple holder of a parcel of real estate grants a life estate to her daughter and stipulates that upon the daughters death, the property will pass to her grandson. The second estate is called A property buyer obtains a term loan to finance a home purc...

Texas Principles of Real Estate 1 (2023/ 2024) Exam | Guide with Questions and Verified Answers| 100% Correct Q: curtsey rights Answer: right a husband has to his wifes estate upon her death Q: fee simple defeasable Answer: a gift of land by a person or GRANTOR Q: Life Estate Answer: an estate in land for the duration of someones life (always a gift of land/ real estate) Q: Homestead Answer: Texas is a Homestead State. The property that you own an...

Colorado Real Estate Exam Prep Questions and Answers 100% Pass Title Theory - Correct Answer ️️ -lender owns, borrower has equitable title Hypothecation - Correct Answer ️️ -pledging property as collateral for a loan without giving up possession Mortgagee - Correct Answer ️️ -Lender Mortgagor - Correct Answer ️️ -borrower Non Judicial foreclosure - Correct Answer ️️ -*CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after ...

Basic Appraisal Procedures Exam with 100% Correct Answers When developing an appraisal, you calculate the following GRMs for comparable properties: 94.3, 90.1, 95.6, 109.2, 84.5, 100.7, 99.9. What is the mean of the GRMs? - Answer-96.3 "The process of valuing a universe of properties as of a given date using standard methodology, employing common data, and allowing for statistical testing" is the definition of -Answer-mass appraisal What is the most common type of framing currently bei...

NYREI Exam Questions with Correct Answers easements - Answer--right to use another persons real property for a particular service -ROW -right of way --> an easement that grants access to property easements in gross - Answer--involves a specific parcel of land -benefits a person or company (dominant tenant) -burdened land is called servient Easements appurtenant - Answer-Involves 2 separately deeded parcels that are owned by different parties. Affirmative- allows someone to do some...

The amount the borrower makes prior to any deductions for taxes or insurance is: A) Guaranteed income B) Net income C) Gross income D) Gross margin - Gross income _______: In the Texas Constitution, a principle residence of a family or adult single person is protected from forced sale for all debt except: property taxes; federal tax liens of both spouses; a home equity lien.....etc... - Homestead ______ ______ ____: lenders use what is called a front-end ratio, which is reflected as a pe...