Easements in gross - Study guides, Class notes & Summaries

Basic Appraisal Procedures Exam Questions and Answers 2024 When developing an appraisal, you calculate the following GRMs for comparable properties: 94.3, 90.1, 95.6, 109.2, 84.5, 100.7, 99.9. What is the mean of the GRMs? - Answer-96.3 "The process of valuing a universe of properties as of a given date using standard methodology, employing common data, and allowing for statistical testing" is the definition of -Answer-mass appraisal What is the most common type of framing currently be...

Kansas Law Questions Graded A+ Section 1: ️Activities requiring a real estate License Who enacts the real estate law in Kansas? ️Kansas Legislature In order to auction real estate in Kansas and receive a fee, one must: ️Obtain a real estate license in Kansas A person was employed by a utility company to acquire gross easements on behalf of the utility. Which of the following statements is true? ️No license would be required if the person acquired easements, not appurtenant ...

Illinois Real Estate Practice Exam Questions and Answers Objectives of Federal Reserve System - Answer- To counteract inflationary and deflationary trends, to create a favorable economic climate, to maintain sound credit conditions but NOT to control the secondary mortgage market Remainder Interest - Answer- A fee simple holder of a parcel of real estate grants a life estate to her daughter and stipulates that upon the daughters death, the property will pass to her grandson. The second es...

New Jersey Real Estate Exam #2 Questions with Complete Solutions (Graded A+) 19. Ginny owns 50 acres of land with 500 feet of frontage on a desirable recreational lake. She wishes to subdivide the parcel into salable lots, but she wants to retain control over the lake frontage while allowing lot owners to have access to the lake. Which of the following types of access rights would provide the greatest protection for a prospective purchaser? A. an easement in gross B. an appurtenant eas...

CT Real Estate Exam General: Property Ownership Rated A+ Survey location and dimension of property Real Property The house and land Personal Property everything but the house and land Improvement Addition to the property or land Vertical Land description Defining the Air rights Fixture once-moveable items attached to real property Trade fixture a fixture that is not attached to real property. Used in Commercial settings. EX: freezer at restaurent. Annexation Personal Property becoming Rea...

GEORGIA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+. VERIFIED. Appurtenant Easement - -The permanent right to use another's land. Easements for adjacent properties or neighbors, which run with the land. Most protection. Abstract of Title - -A history of All recorded instruments Affecting the title to a piece of land. Statute of Frauds - -A state statute under which certain types of contracts must be in writing to be enforceable. Statute of Limitations - -A federal or stat...

Maine Real Estate - 7-15 Final Study Guide Questions. The right to use the land of another but not to possess it is called - correct answer Non-Possessory Rights An easement that involves two parcels of land is called an - correct answer Appurtenant Easement. The land that benefits from an appurtenant easement is the - correct answer Dominant Estate or Tenement. The land that provides the rights of the appurtenant easement to the dominant estate is the: - correct answer Servient Esta...

NC 2024- real estate broker pre-licensing Exam Latest Update with Verified Solutions Syndication - Answer -Two or more forms joining together as an entity to own real estate Estate in severalty - Answer -Ownership by one individual Concurrent ownership - Answer -Two or more persons share ownership with undivided interests Tenancy in common - Answer -Co-ownership without right of survivorship to other owners Police power - Answer -The broad right of the government to place reasonable restri...

When reflected to the subject, the comparable property had a fireplace with a contributory value of $1,500, but lacked a half bath with a contributory value of $2,500. What was the net adjustment to the comparable? - +$1,000 When using the income approach, appraisers do NOT assume that - Future income is always more valuable than present income The opinion of value in an appraisal report is valid - as of the effective date of the appraisal only An appraisal report is NOT required to includ...

RE License Test Questions and Answers Latest Update 2024/2025 Graded A+. Blake is allowed to use his property in a way that's prohibited under current zoning ordinances, because those ordinances would cause undue hardship for him. What gives him this permission? - answerUSE VARIANCE; This is a Use Variance. In contrast, an applicant for a Special Use permit doesn't have to show hardship, simply that the proposed use meets the conditions already contained in the ordinance (e.g., change in s...