Reliction - Study guides, Class notes & Summaries

tenements - ANSWER all of the rights and interests that go with the land hereditaments - ANSWER land and all of the tenements that can be inherited appurtenance - ANSWER a right interest of privilege that goes with the land (item in the bundle) accretion - ANSWER a gradual process in which the boundary of riparian land is extended by natural forces reliction - ANSWER the permanent receding of the water which leaves the ground under it dry and exposed erosion - ANSWER a natural pro...

Texas Real Estate Final Exam (2023/2024) 100% Correct Personal property may become real property by the process of: a. devise. b. reliction. c. attachment. d. alienation. C. Attachment If a property generates a negative cash flow, in order to be an attractive investment to a prospective purchaser: a. there must be a substantial down payment. b. there must be a large depreciable base. c. there must be a substantial increase in property value. d. there must be little deferred maintena...

REAL ESTATE ( AZ SPECIFIC ) EXAM QUESTIONS AND ANSWERS Arizona property taxes are based on: - Answer- Assessed value The tax rate applied to owner occupied residential property is: - Answer- 10 % What lien has priority first: - Answer- Property taxes Property taxes become a lien the first day of: - Answer- January If a property is not bid at a tax foreclosure sale: - Answer- Anyone can later buy the tax lien from the Treasurer Rank the following in order: IRS lien, Property Taxes, Speci...

Texas Principles of Real Estate II Final Exam: Questions & Answers: Latest Updated Written documents affecting a title to real estate are recorded: A. where the titleholder resides B. where the titleholder has legal residence C. at the county clerk's office where the property is located D. at any county clerk's office in Texas C. at the county clerk's office where the property is located A person appointed by a court to settle the estate of a deceased person when the executor...

parcel portion of land delineated by boundaries • Real property ownership of real estate and the bundle of rights associated with owning the real estate. • Personal property ownership of anything that is not real estate, and the rights associated with owning the personal property item • Tangible property physical, visible, and material Intangible property abstract, having no physical existence in itself, other than as evidence of one's ownership interest. ...

Superior School of Real Estate Exam Problem Areas Questions and answers with 100% Complete solutions | verified &updated 2024| Graded A+ tenements - all of the rights and interests that go with the land hereditaments - land and all of the tenements that can be inherited appurtenance - a right interest of privilege that goes with the land (item in the bundle) accretion - a gradual process in which the boundary of riparian land is extended by natural forces reliction - the permanent receding ...

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 rather than order the breaching party to pay monetary damages. Which physical characteristic of land is the basis for the doctrine of specific performance? A. Indestruc...

Superior Real Estate School Exam Questions and answers with 100% Complete solutions | verified &updated 2024| Graded A+ 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 rather than order the breaching party to pay monetar...

80/20 Rule Rule - Answer that says in order for individual shareholders to continue to be able to write off yearly taxes and mortgage interest, no more than 20 percent of a co-op's yearly income can come from non-shareholder sources. Abandonment - Answer The failure to occupy and use property, which may result in a loss of rights. Absolute The complete bundle of rights belongs to the owner. Abutting Property - Answer Parcels of land directly contiguous, sharing at least one commo...

gross lease ~ tenant pays a fixed rent, and the landlord pays all taxes, insurance, repairs, utilities, and maintenance connected with the property constructive eviction ~ Actions of a landlord that so materially disturb or impair a tenant's enjoyment of the leased premises that the tenant is effectively forced to move out and terminate the lease without liability for any further rent physical deterioration ~ reduction in a property's value resulting from a decline in physical co...