Such as tenants Study guides, Class notes & Summaries

CPCU 551 - Addressing Commercial Property Risk Questions And Answers 2023 Condominium A real estate development consisting of a group of units, in which the air space within the boundaries of each unit is owned by the unit owner, and all remaining real and personal property is owned jointly by all the unit owners. Condominium unit The portion of a condominium owned solely by a unit owner. Common elements Areas of a condominium that are jointly owned by all unit owners, includin...

LML4806 EXAM PACK 2023 LATEST QUESTIONS WITH ANSWERS . Exclusive Properties (Pty) Ltd (the company) has four shareholders, each holding 25% of the voting rights in the company. All of the shareholders are also directors of the company. The Memorandum of Incorporation of the company has not changed the default position in terms of the Companies Act 71 of 2008 regarding the threshold required to pass ordinary resolutions. The company held a board meeting at which three directors were present....

HUD Certification Exam Questions and Answers Already Passed Deed Restrictions Legally enforceable terms that govern the use of real estate Redlining The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial status of the area's residents. Civil Rights Act of 1968 Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental piec...

Texas Property and Casualty Exam Questions and Answers Verified 100% ____ is uncertainty of loss - risk ____ is a transfer of risk from the insured to the insurer - insurance ____ risk means there is no chance of gain. It is insurable. - pure ____ risk means there is a chance of a loss or a gain. It is not insurable. - speculative a ____ is something that increases the risk. - hazard the principle of _____ governs property and casualty policies. It states that the purpose of th...

PA Exam 3 with 100% Correct Answers 2023 Which of the following are NOT grounds in Pennsylvania for revoking a broker's license? A Being convicted of a felony B Agreeing with the seller to accept a commission that is more than the standard rate C Depositing an earnest money check into the broker's personal account D Advertising as a member of the Pennsylvania Association of Real Estate Professionals when the broker is not really a member - Correct Answer-B It is perfectly legal to agr...

Georgia Real Estate Exam Study Guide Latest Update Rated A+ 100% Commission Plan A method of compensating salespeople where each salesperson pays the broker a monthly fee for the use of office space, support services, and the broker's name, and in return, the salesperson keeps 100% of the commission. 43560 The number of squarefeet in one acre. Absolute Delivery A grantor's hand delivery of a deed to the grantee. Abstract of Title A condensed history of all conveyances, liens,...

Tennessee National Portion Real Estate Exam Questions and Answers Already Passed 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 The owner of a con...

Mary lives in a townhouse unit that she rents. A fire in the unit next door also damages Mary's unit. The damage is significant and Mary will have to move out while it is being repaired. Which tenants policy section will cover the cost of providing her with a temporary place to live? Select one: a. Property contents b. Additional living expenses c. Accident benefits d. Liability insurance - Answer-b. Additional living expenses. Similar to homeowners' insurance, a tenants policy carries...

COLORADO REAL ESTATE EXAM WITH 300+ ACTUAL EXAM QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A| STATE OF COLORADO REAL ESTATE COMMISSION EXAM 2024 WITH ANSWERS (BRAND NEW!!) The Colorado Real Estate Commission requires all brokerage firms to have a written office policy to give broker associates a full understanding of the firm's operations. Which of these is the only item required by statute to be in writing? A) The brokerage relationships the firm offers and how brokers are desig...

Cannon CTFA Prep Questions with complete Answers 2023 Jean and John Simmons are married and own their own home as tenants by entirety. When John dies the home is valued at $350,000. How much will be counted in his gross taxable estate? A. None, as it passes directly to his spouse, Jean. B. $175,000 - or one-half of the value C. $225,000 - or the full amount minus the $125,000 one-time exclusion for capital gains on a person residence. D. $350,000 - the full amount is includable. B. $175,...