Real property realty Study guides, Class notes & Summaries

Rights, privileges or improvements that belong to and pass with land. - Appurtenance Man made additions to the land such as buildings and landscaping. Also known as free standing - Improvements Right or interest in something that is temporary or movable by nature. Also known as chattel or personalty. - Personal Property Ownership is transferred by... - Bill of Sale When personal property is included in a sale, an ___________________________ is attached to describe the details of the trans...

FL Real Estate License Practice Exam 4 Questions and Correct Answers, Complete Verified Solution 2024. A real estate sales associate has her license placed with Acquire Realty. Under what circumstances can this sales associate also work for Dolphin Realty on weekends selling condominiums for compensation? a. When she obtains a group license b. When she obtains a multiple license c. When she shows evidence there is no conflict of interest d. Never D The clause in a deed that indicates ...

Nevada Real Estate State Final Exam Questions with Complete Solutions Broker Wilkins recently closed her office and went to work for the Division as the Deputy Administrator. What limitation is placed on Wilkins? She may not be actively licensed. Agent Becker of 20/20 Realty listed and sold the Franklin home in 2004. In 2015, Becker has a listing on which Franklin wants to make an offer. Franklins agent, affiliated with gold realty, writes the offer and presents it through Becker, Beck...

Real Estate Exam Prep (Champions; Texas) Latest Update Graded A+ appurtenance term used to describe rights, privileges or improvements that belong to and pass with the land improvements man's additions to the land such as building and landscaping personal property also called chattel or personalty; a right or interest in smiting of a temporary or movable nature and includes anything not classed as real property. Real property becomes personal property through severance. bill of ...

Real property - ANSWER Land & everything that is permanetly attached to the land & everything that is appurtenant to the land Personal property (personalty) - ANSWER All propery that doesn't fit the definition of real property. CHATTLES are moveable Land - ANSWER The earth's surface extending downwards to the center of the earth & upward to infinity Real estate (realty) - ANSWER Land at, above, or below the earth's surface, including all things permanently attached to it, whether art...

The purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. - protect the public in real estate transactions. Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his salespersons desk on the sales floor at Acme Realty. Jims license...

Property loss exposure - A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in which that person or organization has a financial interest. Real property (realty) - Tangible property consisting of land, all structures permanently attached to the land, and whatever is growing on the land. Personal property - All tangible or intangible property that is not real property...

Champions School of Real Estate Exam Prep National Chapter 1 & 2 Latest Update 100% Pass Rights, privileges or improvements that belong to and pass with land. Appurtenance Man made additions to the land such as buildings and landscaping. Also known as free standing Improvements Right or interest in something that is temporary or movable by nature. Also known as chattel or personalty. Personal Property Ownership is transferred by... Bill of Sale When personal property is incl...

1. Which of the following entries satisfies the requirement that an advertisement show that the broker is in the real estate brokerage business? A. J. Jones Realty B. J. Jones, Real Properties C. J. Jones, Real Estate Agency D. J. Jones, Real estate Ventures Answer: C All ads must indicate the name of the brokerage company followed by a term such as REALTOR, Realtist, real estate broker, or real estate agency. 2. A manager rents a unit to a tenant who later has a car accident and is conf...

OREC Final Kevo Questions and Answers Graded A+ The real estate market may be described in all of the following ways EXCEPT: free market. local market. moveable market. market that is slow to react to change in supply and demand. C. moveable market The provisions of the Oklahoma Real Estate License Code originate in the state legislature. The agency created in 1950 to administer and enforce the Code is the: National Association of REALTORS®. Association of Real Estate Lice...