Describe leasehold estate Study guides, Class notes & Summaries

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

Pearson VUE Real Estate - National & Idaho Exam Questions And Correct Answers Real Property Real Estate plus the interests, benefits, and rights inherent in the ownership of real estate Personal Property is moveable (chattels) Fixture Personal property that has been affixed to land or a building that it is part of the real property Trade fixtures An article owned by a tenant and attached to rented space or a building for use in operating a business Emblements Annual plantings of crop...

National Real Estate Exam: Leases and Property Management-Questions and Answers | 100% Correct | Latest Update 2024 Lease - Answer ️️ -Transfers possession, giving tenant right to exclusive possession of property against all other parties. Both a conveyance and contract. Lease Conveyance - Answer ️️ -It conveys a leasehold estate to a tenant Lease Contract - Answer ️️ -Gives tenant right to exclusive possession including landlord. Quiet Enjoyment - Answer ️️ -use of the pro...

CA Real Estate Salesperson Exam Questions With All Correct Answers T/F? Brokers can designate any licensee to act as a branch office manager? - ANSWER- False - the designated licensee must have at least 2 years full time real estate experience during the last 5 years. June has worked with buyers and sellers for years. When homeowners default on their mortgage, June acts as trustee for the deed of trust. Under the deed of trust, June has the authority to sell the property. Does June have a ...

NJ Title Insurance Producer Final Exam Set with Q&A "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their original interest and the balance going to A's estate. C) B holds fee simple ownership to A's share of the property D) B holds a life estate ownership to A's share of the property - CORRECT ANSWER-B) ...

The right of a landowner and his/her heirs to occupy a parcel of real estate forever is called a: a.) Qualified fee b.) Life estate c.) Estate in fee simple absolute d.) Indeterminable estate - Answer-c.) Estate in fee simple absolute - Fee, fee simple, or fee simple absolute are interchangeable terms that describe the largest estate in land, and the one that is most commonly brokered by real estate licensees. If three individuals are joint tenants of a piece of real estate and one of th...

Humber Real Estate - Course 3, Module 1, Introducing Residential Condominiums 2024 Questions and Solutions Title - Answer -Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. - Answer -What is the definition of a 'Condominium Corporation'? The condominium board - Answer -Who est...

NATIONAL PSI REAL ESTATE EXAM PRACTICE TEST 1 ANSWERED 100% CORRECTLY All of the following would be considered real property EXCEPT - answera leasehold estate The servient estate in an easement appurtenant is the property - answeron which the easement is placed Which of the following statements concerning encumbrances is NOT true - answerAll encumbrances are liens Which of the following is NOT a specific lien - answerState inheritance taxes You have entered into a lease that requires yo...

The Department of State's ability to enforce license laws through reprimand and denial as well as the suspension and revocation of licenses is known as...? -ANSWER Administrative Discipline To mingle or mix funds is known as what...? -ANSWER Commingling Chris is a real estate broker involved in a residential transaction. When Chris illegally places his client's funds into his personal account, what is he engaged in...? -ANSWER Commingling of Funds The post-license education required b...

Title - Answer Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. - Answer What is the definition of a 'Condominium Corporation'? The condominium board - Answer Who establishes the rules and bylaws in a condominium? To secure the assets of the corporation and ensure residents...