Homestead Study guides, Class notes & Summaries

Texas Principles of Real Estate 1 Final Exam | Questions and Verified Answers | Grade A | 2024 / 2025 Update Q: An insurance policy protecting against a variety of hazards is referred to as a...? Homestead Policy Individual Policy Homeowners Policy Package Policy Answer: Homeowners Policy Q: Which of the following is an advantage to owning a home...? Tax benefits Pride of ownership Potential for asset appreciation All of the above Answer: All of the Above Q: An individual is exempt from paying t...

US History 1 CLEP (2022/2023) Rated A+ The Line of Demarcation The line by the Pope to dived the world in half. Giving one half to Spain and the other the Portugal. The Spanish convinced to Pope to do this because both countries wanted to colonize but Portugal was the super power of the sea. Treaty of Tordesillas A 1494 agreement between portugal and spain, moving the Line of Demarcation farther west. Henry Clay Engineered the Missouri Compromise The Missouri Compromise of 1820 This maintaine...

Real Estate Law 1309 Ch. 1-6 Questions and Answers 100% Accurate The Texas Constitution contains our a. homestead laws b. certain mechanics' and materialmen's lien laws c. community property rights d. all of the above ALL THE ABOVE "Statutory Law" means a. laws concerning persons under the age of 18 b. written laws created by the legislature c. laws that are unconstitutional d. all of the above B. WRITTEN LAWS CREATED BY THE LEGISLATURE Which of the following can...

Colibri Practice Test Questions and Answers Already Passed 3. In real estate, which of the following is correct about the term "title?" Taxes and insurance are often prepaid at closing to establish the escrow account. On which page of the Closing Disclosure form will the buyer see an accounting of the escrow account set up? Page two, under other costs On page two of the form, other costs are itemized for buyers and sellers. Taxes, prepaids, and initial escrow payment at closing - ...

Certified Pennsylvania Evaluator Exam (CPE) Questions And Answers 2023 Assessor - Correct Answer-Any person responsible for the valuation of real property for ad valorum taxation purposes Duties and Responsibilities of an Assessor - Correct Answer-Discovering, Listing, Valuing Clean & Green - Act 319 - Correct Answer-Has two values, Value in Use and Value in Exchange An Assessor is accountable to whom? - Correct Answer-Himself, taxpayers and all taxing authorities In order for an asses...

WI Real Estate Practice Exam Questions and Answers Already Passed All of the following would be considered an ENCUMBRANCE except: a. unpaid property taxes, b. An easement necessity, c. A writ of execution, d. A judgment Answer: C The writ of execution is a court order instructing the officer of the court to carry out the decision of the court. It is used in a judgment where the sheriff is told to seize a debtor's property so that it can be sold to pay off a debt. Which of the fo...

How are AZ property taxes charged? - correct answer Ad Valorem What does Ad Valorem mean? - correct answer Assessed Value How are Arizona Property Taxes paid? - correct answer Levied once, Paid Twice When are AZ property Taxes Due? and Delinquent? - correct answer Oct-Nov and March-May (O No More Money) Who do you pay the property taxes to? - correct answer County Treasurer What is the penalty for AZ Property Tax Delinquency? - correct answer 16% Property Tax Assess...

Assessor - Answer-Any person responsible for the valuation of real property for ad valorum taxation purposes Duties and Responsibilities of an Assessor - Answer-Discovering, Listing, Valuing Clean & Green - Act 319 - Answer-Has two values, Value in Use and Value in Exchange An Assessor is accountable to whom? - Answer-Himself, taxpayers and all taxing authorities In order for an assessor to accomplish the task of discovering property, the assessor needs what? - Answer-An adequate map...

Real Estate Law Questions and Answers Fully solved What is a statute? (a) a law created by a state legislature or by Congress (b) a law created by a city or municipality (c) a law created by court rulings (d) a law created by a state or U.S. Supreme Court a. a law created by a state legislature or by Congress The state laws of Texas are codified, and bound in volumes called _____. (a) The United States Code Annotated (b) The Texas Constitution (c) Vernon's Annotated Texas Statut...

Minnesota Real Estate Test Latest Update Graded A+ Balloon Mortgage: A mortgage with monthly payments often based on a 30-year amortization schedule, with the unpaid balance due in a lump sum payment at the end of a specific period of time. Assessed Value: Typically the value placed on property for the purpose of taxation. Assessor: A public official who estab-lishes the value of a property for taxa-tion purposes. Comparables: An abbreviation for "com-parable properties," whic...