Recorded plat method Study guides, Class notes & Summaries

Maine - Real Estate Exam PrepFixture - An object that has been attached to land so as to become real estate. An article of personal property which has been installed in or attached to land or a building thereon, in such a manner that it is now considered to be a part of the real estate. Improvements - Beneficial attachments to raw land that increase its value or improve its usefulness. Meridians - Imaginary north-south lines which intersect base lines to form a starting point for the meas...

What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction Wesley just bought a house with...

M100 WITH COMPLETE SOLUTIONS 100% Community Association a legal entity in which the owners enjoy the PROTECTION, ENHANCEMENT, MAINTENANCE and PRESERVATION of their homes and property. 3 Defining Characteristics of a Community Association 1. Membership in the community is MANDATORY and automatic for all owners. 2. Certain association governing documents bind the owners and the association to each other through mandated actions. 3. Mandatory lien-based assessments (maintenance fees) are ...

Legal Aspects of Real Estate Chapter 2 Rated A+ Tangible property is physical, visible, and abstract. conceptual. material. imperceptible. material What describes items of a tenant's personal property that the tenant has temporarily affixed to a landlord's real property in order to conduct business? Datums Accessories Personal devices Trade fixtures Trade fixtures The term "metes" refers to distance and direction and the term "bounds" refers to course. variable landmarks. fixed...

Fixture - ANSWER-An object that has been attached to land so as to become real estate. An article of personal property which has been installed in or attached to land or a building thereon, in such a manner that it is now considered to be a part of the real estate. Improvements - ANSWER-Beneficial attachments to raw land that increase its value or improve its usefulness. Meridians - ANSWER-Imaginary north-south lines which intersect base lines to form a starting point for the measurement ...

appurtenance term used to describe rights, privileges or improvements that belong to and pass with the land improvements man's additions to the land such as building and landscaping personal property also called chattel or personalty; a right or interest in smiting of a temporary or movable nature and includes anything not classed as real property. Real property becomes personal property through severance. bill of sale ownership of chattel or personalty is transferred v...

Pearson Vue Real Estate Exam Study Guide Based on Outline Fixture An item of personal property that has been converted to real property by being permanently affixed to the realty. Trade Fixture An article installed by a tenant under the terms of a lease that is removable by the tenant before the lease expires. Emblement Growing crops, such as corn, that are produced annually through labor and industry; also called 'fructus industriales' Attachment The act of taking a person's proper...

Real Estate Law Exam 3 Complete Questions and Answers(2023/2024 Latest Update)! Baselines - ANSWER in the United States government survey, the major east-west guidelines Grid - ANSWER the 24-mile square created between each guide meridian and parallel in the United States government survey Guide meridians - ANSWER vertical lines placed every 24 miles on the United States government survey; intersect with parallels to create 24-mile squares used for describing land parcels Metes and bou...

Real Estate in NC Chapter #4 Exam Questions and Answers Metes and bounds -Answer-A method of land description which involves identifying distances and directions and makes use of both the physical boundaries and measurements of the land. Starts with POB. POB -Answer-Point of begining. Rectangular (government) Survey System -Answer-Based on measurements from base lines and principal meridians. Base lines run east and west; principal meridians run north and south. Designed to set up checke...

Lot-and-Block Description - A method of describing real property that identifies a parcel of land by reference to lot and block numbers within a subdivision, as specified on a recorded subdivision plat, must include county and state. Abstract of title - Summary in chronological order of the essential provision of every recorded document pertaining to a particular parcel of land, eg., liens ,encumbrances, chain of title, transfers. An abstract of title does not disclose encroachments, forger...