Severance Study guides, Class notes & Summaries

Direct financial compensation - correct answer compensation received in the form of salary, wages, commissions, stock options or bonuses indirect financial compensation - correct answer all the tangible and financially valued rewards that are not included in direct compensation including free meals, vacation time and health insurance nonfinancial compensation - correct answer rewards and incentives given to employees that aren't financial in nature base pay - correct answer ref...

Direct financial compensation - correct answer compensation received in the form of salary, wages, commissions, stock options or bonuses indirect financial compensation - correct answer all the tangible and financially valued rewards that are not included in direct compensation including free meals, vacation time and health insurance nonfinancial compensation - correct answer rewards and incentives given to employees that aren't financial in nature base pay - correct answer ref...

What are the 5 types of properties a buyer might consider when choosing to build a new home? CORRECT ANSWER - A vacant urban lot - An infill redevelopment opportunity - An urban lot with structure - A vacant rural lot - A rural lot with structure What is the aim of "Intensification"? CORRECT ANSWER To provide additional housing stock by using existing services rather than developing vacant land in outlying areas that are not serviced. What is an 'Infill Redevelopment'? CORRECT ANSW...

- A vacant urban lot - An infill redevelopment opportunity - An urban lot with structure - A vacant rural lot - A rural lot with structure - correct answer What are the 5 types of properties a buyer might consider when choosing to build a new home? To provide additional housing stock by using existing services rather than developing vacant land in outlying areas that are not serviced. - correct answer What is the aim of "Intensification"? The process of developing vacant or under...

Rights, privileges or improvements that belong to and pass with land. - Appurtenance Man made additions to the land such as buildings and landscaping. Also known as free standing - Improvements Right or interest in something that is temporary or movable by nature. Also known as chattel or personalty. - Personal Property Ownership is transferred by... - Bill of Sale When personal property is included in a sale, an ___________________________ is attached to describe the details of the trans...

What is the difference between the terms accident and sickness as used in insurance policies? - correct answer - an accident occurs accidentally, - a sickness is an illness or disease is not the result of an accident. Common accident benefits under insurance policies include all of the following: - correct answer - accidental death benefit - accidental dismemberment - loss of income due to an accidental injury 3) Common accident benefits include all of the following: - correct ans...

Real Estate Exam Prep (Champions; Texas) Latest Update Graded A+ 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 ...

1. How much time is given to pass the NV salesperson exam? - 4 hours - 240 minutes or 4 hours total 2. How many continuing education hours are required? - 24 hours - State of NV requires salesperson to complete 24-hours of continuing education every 2 years in each 4 year licensing term 3. In order to obtain a NV real estate license you must have a HS diploma? - True - you must have a HS diploma or equivalent 4. How often must you renew your sales agent license? - Every 2 years - NV salespe...

Texas Real Estate State Exam Answered correctly Real Property Personal Property Fixture Annexation Severed or Severance Trade Fixtures Accesion Land 3 physical characteristics Nonhomogeneity immobility land cannot be moved - a person must go to the land indestructibility Land 4 economic characteristics scarcity modification fixity Situs Metes and Bounds Lot,Block, and Subdivision Monuments Rectangular/ Government Survey Township Section Acre ...

1. 1. When do growing crops become personal property? A. Upon constructive severance B. When the landowner sells the entire property to another C. When they are planted D. At the end of the tenancy ANS A 2. 2. A case involving questions of both federal and state law may be brought in A. state court only B. federal court only C. state or federal court D. a special court that is reserved for cases with mixed federal and state issues ANS C 3. 3. Which type of easement burdens the serv...