Constructive annexation - Study guides, Class notes & Summaries

Law of Contracts: Cumulative2023/2024 with correct answers abstract of title - CORRECT ANSWER an abbreviated history of a property, including info on any transfers, grants, wills, conveyances, liens, and encumbrances acceleration clause - CORRECT ANSWER clause in a security instrument (mortgage/deed of trust) which makes the entire loan amount due immediately upon default accession - CORRECT ANSWER refers to the acquisition of new land or real property by artificial or natural mea...

Texas Real Estate Exam Prep (From PearsonVUE and & Champions National Exam Prep) A property owner has decided to do some landscaping work on his yard. he has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a) encroachments b) improvements c) surface rights d) emblements b) improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? a) riparian b) littoral c) ap...

abstract of title - CORRECT ANSWER an abbreviated history of a property, including info on any transfers, grants, wills, conveyances, liens, and encumbrances acceleration clause - CORRECT ANSWER clause in a security instrument (mortgage/deed of trust) which makes the entire loan amount due immediately upon default accession - CORRECT ANSWER refers to the acquisition of new land or real property by artificial or natural means actual damages - CORRECT ANSWER monetary compensation given to a...

Colibri Real Estate Law Exam Questions and Complete Solutions The discovery step of civil cases is where the parties use a mediator. the complaint is filed. each party presents their case. each party gathers information from each other and third parties. - Answer: each party gathers information from each other and third parties. What phrase could a licensee use in advertising that would not discriminate on the basis of familial status? Couples only Empty nesters No bicycles allowed ...

Abandonment - Answers The failure to occupy and use property that may result in loss of rights Abatement of Nuisance - Answers Extinction or termination of a nuisance Abstract of Judgement - Answers A condensation of the essential provisions of a court judgement Abstract of Title - Answers A summary or digest of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record wh...

Pearson VUE practice test Questions with accurate answers, 100% Acurrate. Verified. c. Bill of sale - -1A buyer purchases a furnished condominimum apartment as an investment. The document that evidences the buyer's ownership of the furniture is a a. Special warranty deed b. Homeowner's insurance policy c. Bill of sale d. Buyers inventory d. Accrued depreciation - -Using the cost approach, an f calculates the current new replacement cost of a 15 year old structure. The next factor...

A neighborhoods life cycle is an example of: A) substitution B) highest and best use C) change D) anticipation C) Change All of the following describe a real property interest for a limited period of time EXCEPT A) life estate B) life estate pur autre vie C) leasehold estate D) fee simple estate D) fee simple estate when demand for a product or service exceeds supply, what happens to price? A) price stays the same B) price rises C) one can't determine what happens to ...

Appraisal - Answer An estimation of a property's value, usually prepared by a professional who is licensed in this field. Brokerage - Answer The business of bringing people together in a real estate transaction. Commerical - Answer The types of properties that include office spaces, shopping centers, stores, theaters, hotels, parking facilities, etc. Development - Answer The term for the construction of improvements upon the land. Elevation Certificate - Answer Insurance agents are ...

Fungible - Answer- Replaceable 1031 tax deferred exchange - Answer- Under section 1031 of the Irs code, some or all of the realized gain from the exchange of one property for a like kind of property may be deferred. It is not a tax free event; however, in order to accumulate wealth the payment is deferred. Abandonment - Answer- The voluntary and permanent cessation of use or enjoyment with no intention to resume or reclaim one's possession or interest . May pertain to an easement of a pro...

NYS Real Estate Exam Questions And Correct Answers. Complete Verified Solutions Which of the following is considered a fixed operating expense? utilities, cleaning expenses, insurance premiums, management fees. Insurance Premiums What is overage rent? Rent calculated on a percentage of sales volume what is the amount a buyer owes at closing equal to? The excess of the buyers debits over the buyers credits real estate agents are typically what kind of agent special agent what is the em...