Artificial monuments Study guides, Class notes & Summaries

How much can you spend on a special event for a client? - Answer-$75 Encumbrances - Answer-A claim, lien, charge, or liability attached to and binding real property Solvency - Answer-the possession of assets in excess of liabilities; ability to pay one's debts. Escrow - Answer-is the process of holding monetary funds by a title agency or bank for the purpose of offering or purchasing real property. Title Insurance - Answer-is the product that is purchased to protect the rights of the owner...

Freehold Estate - Is an interest in real property that has an indeterminable (not fixed or certain) referred to as a owner Fee Simple Estate - Is the greatest estate that can exist in land, the highest and most complete form of ownership. It is potentially infinite duration and represents the whole "bundle of rights" Estate of Inheritance - An estate that can pass to the holders heirs, especially a fee simple Defensible fee estate - A fee simple estate that carries a quali...

Accession - ANSWERSThe acquisition of title by the owner of real property to those things attached to the property by others, such as tenants, trespassers, or by nature. Acre - ANSWERSA measure of land area equal to 43560 square feet. 43560 - ANSWERSThe number of squarefeet in one acre. Active License - ANSWERSStatus of an individual who has met all qualifications to practice real estate as a broker, associate broker, or salesperson; and such license is held by a broker, rather than by ...

Freehold Estate - Is an interest in real property that has an indeterminable (not fixed or certain) referred to as a owner Fee Simple Estate - Is the greatest estate that can exist in land, the highest and most complete form of ownership. It is potentially infinite duration and represents the whole "bundle of rights" Estate of Inheritance - An estate that can pass to the holders heirs, especially a fee simple Defensible fee estate - A fee simple estate that carries a quali...

National Real Estate Exam Outline - Pearson Vue, Questions And Correct Answers Real property The interests benefits and rights inherit in real estate ownership often used as a synonym for Real Estate conveyed by deed Personal property Items called chattels or personalty that do not fit into the definition of real property such as movable objects and bill of sale Fixtures Personal property that's so attached to land or building that by law becomes part of real property such as Plumbing l...

Georgia Real Estate Exam Study Guide Latest Updated 2023 Accession The acquisition of title by the owner of real property to those things attached to the property by others, such as tenants, trespassers, or by nature. Acre A measure of land area equal to 43560 square feet. 43560 The number of squarefeet in one acre. Active License Status of an individual who has met all qualifications to practice real estate as a broker, associate broker, or salesperson; and such license is held by a broker, ...

Georgia Real Estate Exam Study Guide Questions and Answers with Complete Solutions The acquisition of title by the owner of real property to those things attached to the property by others, such as tenants, trespassers, or by nature. Accession A measure of land area equal to 43560 square feet. Acre The number of squarefeet in one acre. 43560 Status of an individual who has met all qualifications to practice real estate as a broker, associate broker, or salesperson; and such license is held b...

IRC (International Residential Code) -Ans Created to serve as a complete, comprehensive code regulating the construction of single-family, two-family and buildings consisting of three or more townhouse units. First 2 chapters of code book are -Ans Administrative Plans or supporting documents are almost always required by the controlling authority prior to issuing a permit. T or F -AnsTrue Does the building official have the authority to render interpretations of the code? -AnsYes None of ...

VA Real Estate Exam Questions and Answers 100% Pass Personal Property -generally movable and unattached to land -may be tangible (cars, boats, jewelry) -may be intangible (stocks, bonds, mortgages) -includes: trade fixtures & fructus industriales (emblements) Trade Fixtures -items of personal property brought to the premises by the tenant that are necessary to carry on the trade or business Fixtures -items that were once movable that are now affixed to real estate and becomes real property (fe...

Created to serve as a complete, comprehensive code regulating the construction of single-family, two-family and buildings consisting of three or more townhouse units. - Correct Answer-IRC (International Residential Code) Administrative - Correct Answer-First 2 chapters of code book are True - Correct Answer-Plans or supporting documents are almost always required by the controlling authority prior to issuing a permit. T or F Yes - Correct Answer-Does the building official have the authorit...