Joint use easement - Study guides, Class notes & Summaries

Nebraska Real Estate SAMPLE Test Questions with 100% Correct Answers The earth's surface extending downward to the center of the earth and upward into space, including all things permanently attached, is known as: A) Real Property B) Real Estate C) Land D) A bundle of legal rights - Answer- D) A bundle of legal rights Moveable objects, which are not considered real estate, are known as: A) Real property B) Personal property C) Fixtures D) Emblements - Answer- B) Personal Property T...

Real Property - The legal interests in land and things attached to, or growing on land. Personal Property - Referred to generally as chattel, the rights, powers, and privileges a person has in things that are not real property, may be transferred by sale, gift, or will. Chattels Real - An interest in land, such as a leasehold. Chattels Personal - Moveable personal property. Chattel Personal in Action - Something to which one has a right to possession, but concerning which one which m...

NC real estate broker pre-licensing exam Syndication -Answer-Two or more forms joining together as an entity to own real estate Estate in severalty -Answer-Ownership by one individual Concurrent ownership -Answer-Two or more persons share ownership with undivided interests Tenancy in common -Answer-Co-ownership without right of survivorship to other owners Police power -Answer-The broad right of the government to place reasonable restrictions on the use of privately held land Easement -An...

Define a 'Dwelling Unit' - Answer-A self-contained housing unit with one or more habitable rooms containing at minimum a kitchen, bathroom facilities and an exit from the building. What is the difference between a semi-detached structure and a vertically divided duplex? - Answer-- A duplex is under single ownership (under 1 title) ... the dwelling units can then be lived in or rented out - The 2 dwelling units in a semi-detached structure are each owned separately (under 2 titles) Define ...

Texas Real Estate National Exam Test Prep Multiple Choice Questions and Answers Graded A A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a. encroachments b. improvements c. surface rights d. emblements B A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? a. riparian b. littoral c. appropriativ...

CHAPTER 10 Bundle of Rights sticks metaphor owner = entire bundle of sticks renter = only a few sticks possession, use, control, exclusion, transfer Brainpower Read More Property Rights the legal rights that a person has over a piece of real property Real Property The legal interests in land and things attached to or growing on land ex: part of the earth’s surface, buildings, fences, and trees used to describe the legal rights that a person can have in real...

National Real Estate Exam Practice Questions and Answers, 100% Correct|Latest 2024 A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of... improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? riparian A tenant is aware that his lease will expire at the end of the month. He has begun to...

NC real estate broker pre-licensing exam Syndication -Answer-Two or more forms joining together as an entity to own real estate Estate in severalty -Answer-Ownership by one individual Concurrent ownership -Answer-Two or more persons share ownership with undivided interests Tenancy in common -Answer-Co-ownership without right of survivorship to other owners Police power -Answer-The broad right of the government to place reasonable restrictions on the use of privately held land Easement -An...

NC real estate broker pre-licensing exam Questions and Answers! Syndication - ANSWER Two or more forms joining together as an entity to own real estate Estate in severalty - ANSWER Ownership by one individual Concurrent ownership - ANSWER Two or more persons share ownership with undivided interests Tenancy in common - ANSWER Co-ownership without right of survivorship to other owners Police power - ANSWER The broad right of the government to place reasonable restrictions on the u...

NC 2024- real estate broker pre-licensing Exam Latest Update with Verified Solutions Syndication - Answer -Two or more forms joining together as an entity to own real estate Estate in severalty - Answer -Ownership by one individual Concurrent ownership - Answer -Two or more persons share ownership with undivided interests Tenancy in common - Answer -Co-ownership without right of survivorship to other owners Police power - Answer -The broad right of the government to place reasonable restri...