Exam 2 barney fletcher Study guides, Class notes & Summaries

Barney Fletcher Section 1 Exam Questions and Answers Bundle of Rights - Answer-the legal rights that accompany real property ownership. Real Estate or Real Property - Answer-Land, improvements, & legal rights of ownership Appurtenance - Answer-rights, privileges or improvements that belong to and pass with the transfer of property. Attaches to land, not owner Surface Rights - Answer-right to control, occupy, and use the surface area of a parcel of real estate (the land), including t...

Barney Fletcher Section 1 Exam Questions and Answers Bundle of Rights - Answer-the legal rights that accompany real property ownership. Real Estate or Real Property - Answer-Land, improvements, & legal rights of ownership Appurtenance - Answer-rights, privileges or improvements that belong to and pass with the transfer of property. Attaches to land, not owner Surface Rights - Answer-right to control, occupy, and use the surface area of a parcel of real estate (the land), including the ...

An appraiser recommended tearing down a $28,000 house. There was a shopping center across the street. Which of the following appraisal principles BEST describes this situation? A. deterioration B. highest and best use C. capitalization D. substitution - B. highest and best use What could guarantee no encroachments and good title? A. assumption package B. title insurance policy C. survey D. termite inspection - B. title insurance policy Which of the following statements is true of a pr...

Barney Fletcher Section 1 Exam Questions and Answers What makes real estate real property? - Ans ️️ The Bundle of Rights What does the Bundle of Rights include? - Ans ️️ 1. Right to possess the property 2. Right to control the property within legal limits 3. Right to enjoy the property and use it in any legal matter 4. Right to exclude others from entering or using the property 5. Right to encumber the property, as with a mortgage 6. Right to dispose of the property by Salem will...

An appraiser recommended tearing down a $28,000 house. There was a shopping center across the street. Which of the following appraisal principles BEST describes this situation? A. deterioration B. highest and best use C. capitalization D. substitution - ANSWER B. highest and best use What could guarantee no encroachments and good title? A. assumption package B. title insurance policy C. survey D. termite inspection - ANSWER B. title insurance policy Which of the following state...

An appraiser recommended tearing down a $28,000 house. There was a shopping center across the street. Which of the following appraisal principles BEST describes this situation? A. deterioration B. highest and best use C. capitalization D. substitution - B. highest and best use What could guarantee no encroachments and good title? A. assumption package B. title insurance policy C. survey D. termite inspection - B. title insurance policy Which of the following statements is true of a pr...

Barney Fletcher Section 1 Exam with Complete Solutions Bundle of Rights - Ans ️️ the legal rights that accompany real property ownership. Real Estate or Real Property - Ans ️️ Land, improvements, & legal rights of ownership Appurtenance - Ans ️️ rights, privileges or improvements that belong to and pass with the transfer of property. Attaches to land, not owner Surface Rights - Ans ️️ right to control, occupy, and use the surface area of a parcel of real estate (the land...

Barney Fletcher Cram Final Exam Questions and Answers A seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? A. an exclusive agency listing B. an exclusive right to sell listing C. an open listing D. all listings - Ans ️️ B. an exclusive right to sell listing Mr. Smith listed his farm with broker Bob. Although Smith did not ...

An appraiser recommended tearing down a $28,000 house. There was a shopping center across the street. Which of the following appraisal principles BEST describes this situation? A. deterioration B. highest and best use C. capitalization D. substitution correct answer: B. highest and best use What could guarantee no encroachments and good title? A. assumption package B. title insurance policy C. survey D. termite inspection correct answer: B. title insurance policy Which of the...