Equitable title - Study guides, Class notes & Summaries

A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - Answer- b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben dies, what kind of interest does Will receive? A...

WGU D023 Final Exam (Latest 2024/ 2025 Update) School Financial Leadership | Study Guide Qs & As| Grade A| 100% Correct (Verified Answers) Q: ESEA/ESSA through funding Answer: Title 1, Part A, of the ESEA, reauthorized in 2001, (often called the No Child Left Behind Act) authorizes federal aid to disadvantaged and low-income children for supplementary education and related services. Q: Title I Funding Answer: authorized federal aid to local school districts for the educatio...

National Real Estate Exam Questions and Answers Already Graded A Which of the following constitute an estate (tenancy) for years? A month-to-month lease. A tenancy at sufferance. A lease that is set to last six months. A tenancy at will. 67. A federal law that regulates t 1. Which method of legal description uses point of beginning, direction and distance? Metes and bounds. Lot and block. Government rectangular survey. Recorded plat. Metes and bounds. A borrower's right to sto...

CON 3990 FAR Exam Practice Questions and Answers | Latest Update 2023/2024. FAR Part 2 -CORRECT ANSWER Definitions of Words and Terms FAR Part 3 -CORRECT ANSWER Improper Business Practices & Personal Conflicts of Interest FAR Part 4 -CORRECT ANSWER Administrative Matters FAR Part 5 -CORRECT ANSWER Publicizing Contract Actions FAR Part 6 -CORRECT ANSWER Competitive Requirements FAR Part 7 -CORRECT ANSWER Acquisition Planning FAR Part 8 -CORRECT ANSWER Required Sources of Supplies and Servic...

Land - Answer-Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration - Answer-Zoning Board of Adjustment oversees rule administration and appeals Real estate - Answer-land plus manmade permanent attachments Real property - Answer-real estate plus bundle of rights Bundle of Rights - Answer-Possess Use Transfer Exclude Encumber Physical Characteristics - Answer-Immobility; indestructibilit; hetoerogeneity Immobility - Answer-Land...

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...

Types of Real Property (5) - Answer 1) Residential, 2) commercial, 3) Industrial, 4) Agricultural, 5) Special-purpose. Two Types of Real Property Ownership - Answer 1. Legal 2. Equitable **Most people have BOTH** Legal Title - Answer Actual Ownership of property Equitable Title - Answer When someone holds title for the benefit of others (Trustee of a trust holds title. The Trustee holds legal title to the property, but the beneficiaries hold equitable title) Estates...

Once a contract for deed is signed by the parties, the buyer immediately receives: A. a life estate B. legal title C. equitable title D. the right to lease the property - correct answer C. equitable title A buyer receives equitable title to the property once the land contract has been signed A real estate broker represents the seller in a transaction involving an investment property. Several months later, the new owner asks the broker if he would act as property manager for that pr...

WGU D096 Fundamentals of Diverse Learners Exam – Questions with 100% complete solutions- Latest 2023/2024 What is Title III of ESSA (Every student succeeds act)? - Ensure English learners attain English proficiency and develop high levels of academic achievement including migrant children and youth Requirements: -Consistent methods to determine whether students are eligible of EL services -Grater emphasis on parent/family communication -Options to assess Els in native language What law...

Rockwell Exam 4 Questions and Answers 100% Verified Rockwell Exam 4 Questions and Answers 100% Verified Rockwell Exam 4 Questions and Answers 100% Verified Rockwell Exam 4 Questions and Answers 100% Verified Rockwell Exam 4 Questions and Answers 100% Verified Once a contract for deed is signed by the parties, the buyer immediately receives: A. a life estate B. legal title C. equitable title D. the right to lease the property - ANSWER-C. equitable title A buyer receives equitable title t...