Ownership in severalty - Study guides, Class notes & Summaries

A corporation is a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a tenancy in common between the new owner and the remaining joint tenants

Tennessee National Portion REAL ESTATE EXAM Latest 2024 Graded A+ A corporation is - Answer ️️ -a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is - Answer ️️ -property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a - Answer ️️ -tenancy in common between the new owner and the remaining joint t...

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...

Study Set Questions and Answers for Dubai RERA Broker Exam 2024 Bundle of rights - CORRECT ANSWER-PUTEE - Possession, Use, Transfer, Exclusion, Encumbrance Real property - CORRECT ANSWER-Real estate (land + manmade attachments) + bundle of rights Legal Title - CORRECT ANSWER-Full ownership of property + bundle of rights Equitable Title - CORRECT ANSWER-Interest that gives the buyer the right to acquire legal title to a property if certain contractual conditions occur. Homestead - CO...

The _____ has oversight authority over state appraisal boards. CORRECT ANSWERS: ASC (Appraisal Subcommittee) Which of the below is a requirement of a valid real estate contract? CORRECT ANSWERS: consideration, in writing and signed, and lawful objective "The interaction of buyers and sellers who trade long-term or intermediate-term money instruments" is the definition of the _____________ market. CORRECT ANSWERS: capital An analysis of the market conditions of supply, demand, and p...

Fee simple - Also called fee simple absolute or indefeasible fee, this fee estate is the most complete form of ownership without limitations or conditions Life estate - Grants possession and limited ownership of the property to a person for the duration of the recipients life or the life of another person Fee simple qualified estate - Also called fee simple defeasible estate. 3 different types Few simple precedent - Ownership (title) won't pass from one person to another until a partic...

pearson vue practice exam Questions and answers, 100% Accurate, graded A+ In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as determined by the broker - -a. included in the listing agreement a lot measu...

Superior Real Estate School Exam| Questions and Answers, 100% Correct| Newly 2024 Superior Real Estate School Exam| Questions and Answers, 100% Correct| Newly 2024 All of the following are physical characteristics of land except: A. Indestructibility B. Uniqueness C. Immobility D. Scarcity D. Scarcity Under the doctrine of specific performance, the party harmed by breach of a real estate contract can ask a judge to force the breaching party to carry out the terms of the contract ra...

Tennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% CORRECTTennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% CORRECTTennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% CORRECT A corporation is - ANSWER-a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is - ANSWER-property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permi...

Superior Real Estate School Exam Questions and Answers All of the following are physical characteristics of land except: A. Indestructibility B. Uniqueness C. Immobility D. Scarcity - Answer- D. Scarcity Under the doctrine of specific performance, the party harmed by breach of a real estate contract can ask a judge to force the breaching party to carry out the terms of the contract rather than order the breaching party to pay monetary damages. Which physical characteristic of land is t...