Situs refers to - Study guides, Class notes & Summaries

TREC has the authority under TRELA to suspend or even revoke a broker's license if: - ️️They conduct the unlawful practice of law ESAC stands for: - ️️Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? - ️️Situs. Which amendment guarantees that a citizen will not be deprived of property without due process of law? - ️️5th Amendment. The CFPB is the: - ️️Consumer Financial Protection Bureau A p...

Real property → The land and anything permanently affixed to it Fixture → An item of personal property that has been converted to real estate by being permanently affixed to the land or building A Fixture → Personal property attached to real property. It becomes "real" once annexed. If detached from land or building it would revert back to personal property (severance). Trade fixture → An item installed by commercial tenant and removable by tenant before expiration of ...

NATIONAL REAL ESTATE EXAM PRACTICE TEST Answered 100% Correctly 2024 In applying the test of a fixture, which of the following would not be considered: a. The manner of attachment b. The value of the article c. The intent of the parties d. The relationship of the parties - answerb. The value of the article Real property can become personal property by the process known as: a. Attachment b. Severance c. Hypothecation d. Accretion - answerb. Severance Real property includes: a. Land ...

TREC has the authority under TRELA to suspend or even revoke a broker's license if: - They conduct the unlawful practice of law ESAC stands for: - Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? - Situs. Which amendment guarantees that a citizen will not be deprived of property without due process of law? - 5th Amendment. The CFPB is the: - Consumer Financial Protection Bureau A professional organization or associatio...

The land description T3N, R4W Principal Meridian refers to what method of property description? correct answer: Rectangular Survey Two lots the same size are sold on a street the lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following charateristics most likely explains the price difference? a) Uniqueness b)Situs c)indestructibility d)permanence of investment correct answer: B)Situs A major difference between freehold and nonfreehold e...

Principles of Louisiana Real Estate Unit 1 National Portion. Exam Questions With 100% Verified Answers. Land - answerEarth's surface extending downward to the center of the earth real estate - answerAlso called "real property," it is land and anything permanently attached to the land, such as buildings, fences and items that are attached to the buildings. improvements - answerChanges or additions made to a property, such as walls or roads, and so on. These typically increase the value ...

AYPO Real Estate Principles of Real Estate I Exam Study Guide Questions and Answers 100% Solved TREC has the authority under TRELA to suspend or even revoke a broker's license if: They conduct the unlawful practice of law ESAC stands for: Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? Situs. Which amendment guarantees that a citizen will not be deprived of property without due process of law? 5th Amendment. The...

limited partnership - A partnership composed of general and limited partners whose contribution and liability are limited and specifically defined joint tenancy - a form of co-ownership between two or more persons of an interest in real property whereby such persons own the interest together and each person has exactly the same rights in that interest as his co-tenants. Joint tenancy is created by the act of the parties. The key is the right of survivorship. easement in necessity - Arises ...

TREC has the authority under TRELA to suspend or even revoke a broker's license if: - ️️They conduct the unlawful practice of law ESAC stands for: - ️️Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? - ️️Situs. Which amendment guarantees that a citizen will not be deprived of property without due process of law? - ️️5th Amendment. The CFPB is the: - ️️Consumer Financial Protection Bureau A p...

The property tax is an ____ __________ tax, meaning it is based on value. - Answer- ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. - Answer- discovery listing valuation The taxable location of personal property is referred to as its __________. - Answer- situs An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. - Answer- an appraisal A jurisdiction's...