Subordinate real right Study guides, Class notes & Summaries

BULW 3310 Final Exam Questions and Answers Agency -Answer-A relationship between two parties in which one party (the agent) agrees to represent or act for the other (the principal). Agent -Answer-A part of the agency that represents the principle Principle -Answer-A part of the agency that is represented by the agent Power of Attorney -Answer-Authorization for another to act as one's agent or attorney in either specified circumstances (special) or in all situations (general) Ratification...

Superior Real Estate School Exam with correct Answers All of the following are physical characteristics of land except: A. Indestructibility B. Uniqueness C. Immobility D. Scarcity -Answer-D. Scarcity Under the doctrine of specific performance, the party harmed by breach of a real estate contract can ask a judge to force the breaching party to carry out the terms of the contract rather than order the breaching party to pay monetary damages. Which physical characteristic of land is the b...

Piaget's Theory of Cognitive Development Jean Piaget, a Swiss psychologist, developed a theory of how cognition develops and changes over time. Four Stages of Piaget's Theory of Cognitive Development Piaget proposed that a child's intellect progresses through four stages: 1) Sensorimotor (0-2) 2) Preoperational (2-7) 3) Concrete operational (7-11) 4) Formal operational (11-adulthood) How does Piaget think kids learn? Children learn through active interaction and manipulat...

Encumbrance Is anything that lessens the bundle of rights in real property Life Estate Is ownership, possession and control for someone's lifetime. Tenancy in Common Is ownership by two or more people holding title to a property at the same time. There is no right of survivorship. Joint Tenancy Have the same interest in the property. Receive their title at the same time from the same source. Have the same percentage of ownership. Have the right to undivided possession i...

When a deed in lieu of foreclosure is given to a lender, which of the following is true? - correct answer Time and cost are less B buys land from W using a deed of trust as security for the carryback. B makes all the payments except the final three and is now in default. W does nothing and decides not to foreclose until later. By doing this W is exercising his right of: - correct answer Forbearance A commercial building is sold in a foreclosure for $100,000 less than the balance due the le...

Aceable Agent Real Estate Study Terms Exam 2023/2024 Abstract of Title - ANSWER-The condensed history of a title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification by the abstractor that the history is complete and accurate. abutting - ANSWER-sharing a common boundary; adjoining acceleration clause - ANSWER-The clause in a mortgage or deed of trust that can be enf...

Federal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWERSbegan in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and provides support to mortgage lending institutions in the primary market. Freddie Mac is a federally chartered corporation established as the Federal Home Loan Mortgage Corporation (FHLMC) - ANSWERSin 1970 for the purpose of purchasing mortg...

Florida Civic Literacy Exam Review (FLCE)-Spring 2024 Questions and Answers 100% Pass Monarchy - Correct Answer ️️ -a form of government with a monarch at the head. a government in which the supreme power is lodged in the hands of a monarch who reigns over a state or territory, usually for life by hereditary right. Can be a sole absolute ruler or a sovereign with constitutionally limited authority. Totalitarianism - Correct Answer ️️ -A form of government in which the ruler is an ...

Hospital Corpsman Basic (HCB 101) Exam Questions and Answers, 2024. With Complete Solution. Time Critical Risk Management (TCRM) Using risk management concepts when time and resources are limited ABCD model A - Assess the situation B - Balance resources C - Communicate to others D - Do and Debrief the event Assess the situation Considering event in a real-time situation Situational Awareness How accurately one's perception of their environment mirrors reality Risk is gauged in thr...

Aceable Agent Real Estate Study Terms Question with complete solution 2023Abstract of Title The condensed history of a title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification by the abstractor that the history is complete and accurate. abutting sharing a common boundary; adjoining acceleration clause The clause in a mortgage or deed of trust that can be e...