Tenancy at sufferance - Study guides, Class notes & Summaries

Principles of Real Estate Final Exam With 100% Correct Answers 2024 1. One of the elements of a valid contract is mutual consent—an offer and an acceptance. A contract becomes binding between the seller and the buyer when the: a. buyer signs the counteroffer. b. broker is notified of the seller's acceptance. c. offer is accepted by the broker. d. buyer is notified of the seller's acceptance. - answera. buyer signs the counteroffer. 2. What type of development combines the individual ...

Land rights Surface, all natural things attached to it, subsurface, and air above the surface Real estate rights Land + man made permanent attachments Real property rights Real estate + bundle rights Bundle of Rights PUTEE (possess, use, transfer, exclude, encumber) Riparian rights (rivers and streams) = R Navigable: own land to water's edge Not navigable: own underlying land to midpoint of stream Littoral rights (lakes and seas) = L Own to high water m...

Steve deeded to his father a home for as long as his father was alive. One stipulation to the deed was that the property would be passed to the local Youth Center upon the death of Steve's father. What type of estate does the Youth Center have? a. A reversion estate b. A remainder estate c. A life estate d. An estate for years - correct answer -B A property that has been declared as a homestead has which of the following rights? a. It is exempt from any foreclosure. b. It is creat...

A leasehold estate that continues for a successive periods of equal length until terminated by proper notice from either party is a - ans Periodic tenancy Physical land and everything attached to it is called - ans Real Estate Equipment a tenant installs for use in his or her business is called - ans Trade fixture The illegal practice of inducing homeowners to sell their homes (Usually at a deflated price) by suggesting the ethinic or racial composition of the neighbor...

A leasehold estate that continues for a successive periods of equal length until terminated by proper notice from either party is a - ans Periodic tenancy Physical land and everything attached to it is called - ans Real Estate Equipment a tenant installs for use in his or her business is called - ans Trade fixture The illegal practice of inducing homeowners to sell their homes (Usually at a deflated price) by suggesting the ethinic or racial composition of the neighborhoo...

Real Estate Principles Final Study Guide Exam 2024.1. One of the elements of a valid contract is mutual consent—an offer and an acceptance. A contract becomes binding between the seller and the buyer when the: a. buyer signs the counteroffer. b. broker is notified of the seller's acceptance. c. offer is accepted by the broker. d. buyer is notified of the seller's acceptance. - ANSWER a. buyer signs the counteroffer. 2. What type of development combines the individual ownership of pr...

Leasing Agent Exam Questions Chapter 3 Questions and Answers 100% CorrectLeasing Agent Exam Questions Chapter 3 Questions and Answers 100% CorrectLeasing Agent Exam Questions Chapter 3 Questions and Answers 100% CorrectLeasing Agent Exam Questions Chapter 3 Questions and Answers 100% Correct A lease for a six month term would be classified as a: a. tenancy for years b. periodic tenancy c. tenancy at will d. tenancy at sufferance - ANSWERa. tenancy for years The tenant leases a property f...

ASREB Exam Practice Questions and Answers types of loans - Correct Answer ️️ -FHA loan, Conventional loan, VA loan FHA loan - Correct Answer ️️ -MIP (Mortgage Insurance Premium) Two types (Upfront and Monthly) Conventional loan - Correct Answer ️️ -PMI (Private Mortgage Insurance) Drops off automatically at 78% loan to value (LTV) Ask for removal at 80% loan to value VA Loan - Correct Answer ️️ -Funding Fee based on value USDA loan - Correct Answer ️️ -loan is zero do...

1 NATIONAL REAL ESTATE EXAM PORTION FOR OHIO/ REVIEW QUESTIONS AND ANSWERS, GRADED A+ Tenancy at Will - -No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance - -Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants in common - -Ownership where tenants could have different amounts of ownership. If passed away heir will take over the undivided ownership (no survivorship) Joint Tenants - ...