Indefeasible title - Study guides, Class notes & Summaries

Blockbusting causes: A Trust busting B Panic peddling C Blind advertising D Redlining - Answer B. Panic Peddling Blockbusting causes panic peddling (also known as panic selling), where homeowners quickly sell their homes for fear of a drop in home values due to the entry of a protected class into their neighborhood. Which of the following advertisements would violate fair housing law? A Private outdoor space B No elevator access C Walk-in closet D Easy access to the highway - An...

The law which requires that transfers of real property ownership be in writing is known as the... - ANSWER-statute of frauds In a VA loan, there must be... - ANSWER-an approved appraisal When a land contract is entered into... - ANSWER-the buyer acquires equitable title A 5 bedroom, 1 bathroom residence is an example of what type of depreciation? - ANSWER-Functional Name 3 essential requirements for a valid deed... - ANSWER-1. The buyer and seller must be named 2. Words of Conveyanc...

Hawaii State Real Estate Practice Exam Already Passed Prior to the origin of Hawaii's land system in the 1840s who owned all of the lands? The Kings were the sovereign owners of all the lands (feudal system), thus private ownership (allodial system) did not exist. What are the land directions if he/she is on shore, facing the mountains? The direction is Mauka What are the land directions if he/she is facing the ocean? The direction is Makai What are the land directions if he/she is facing N...

Hawaii Real Estate Questions & Answers GRADED A+ 2023|2024 Hawaii, mineral rights usually belong to State of Hawaii Hawaii state law the boundary line between public and private shoreline property is determined by High wash and waves Hawaii land owners most commonly own Air Rights Example of personal property is household furnishings Best describes real property land and all below or above the surface and all the improvements thereon The controlling factor in determining whether somethi...

The term "property" refers to - ANSWER-The rights or interests in the thing owed Which of the following is considered real property? - ANSWER-Airspace above the land Which of the following is considered personal property? - ANSWER-Leasehold estate which of the following is considered personal property - ANSWER-emblements The highest quality and quantity of ownership in real property is: - ANSWER-fee simple Which test is not a general test of a fixture - ANSWER-Time of attachemen...

The law which requires that transfers of real property ownership be in writing is known as the... - Answer- statute of frauds In a VA loan, there must be... - Answer- an approved appraisal When a land contract is entered into... - Answer- the buyer acquires equitable title A 5 bedroom, 1 bathroom residence is an example of what type of depreciation? - Answer- Functional Name 3 essential requirements for a valid deed... - Answer- 1. The buyer and seller must be named 2. Words of Conv...

Blockbusting causes: A Trust busting B Panic peddling C Blind advertising D Redlining B. Panic Peddling Blockbusting causes panic peddling (also known as panic selling), where homeowners quickly sell their homes for fear of a drop in home values due to the entry of a protected class into their neighborhood. Which of the following advertisements would violate fair housing law? A Private outdoor space B No elevator access C Walk-in closet D Easy access to the highway C Walk-i...

Prior to the origin of Hawaii's land system in the 1840s who owned all of the lands? The Kings were the sovereign owners of all the lands (feudal system), thus private ownership (allodial system) did not exist. What are the land directions if he/she is on shore, facing the mountains? The direction is Mauka What are the land directions if he/she is facing the ocean? The direction is Makai What are the land directions if he/she is facing North? Diamond Head or Koko Head (northeast) What...

Which of the following is an example of an encumbrance on the title? 1. An easement 2. A caveat 3. An encroachment agreement 4. A discharge of registration A) Statements I, II, and IV B) Statements I, II, and III C) Statements II, III, and IV D) All statements apply - Answer-B The municipal Land Use Bylaw outlines which of the following items? A) Details regarding the various land use classifications B) Permitted land uses and guidelines for discretionary land use C) Regulations ...

MA Salesperson Exam Module 3: Interests in Real Estate Study Guide Solutions Freeholds - ANSWER-Fee simple absolute, fee simple defeasible, life estates Fee Simple Absolute - ANSWER-Default type -aka fee, fee simple, fee simple indefeasible -not limited, inheritable -owner is entitle to the entire bundle of rights to the the property -intended to be indefinite and are only limited by public and private restrictions Fee Simple Defeasible - ANSWER--limited in someway Fee Simple Determinab...