The liens types - Study guides, Class notes & Summaries

4 land districts o :## Urban o Rural o Agricultural o Conservation What is UCC? o :## Uniform Commercial Code- it's a legal form a creditor files to give notice that it may have interest in personal property of debtor. Gives public notice of right to take possession of and sell property for repayment. Can also be security or financing agreement, bulk sales, business opp or direct taxation. Tenancy in entirety is same as? o :## Reciprocal beneficiaries Land trust o :## People us...

Texas Real Estate Exam (National) Already Graded A real property the tangible real estate and intangible rights associated with the ownership of real estate -transfers by deed or will personal property a right or interest in things of a temporary or movable nature; anything not classed as real property (chattel, personalty) -transfers by a bill of state fixture personal property that has been attached in such a way as to make it real property -"installed" often indicates permanent attachment...

HUD Exam Prep Questions and Answers 100% Pass % Impact of Account Payment History on Credit Score - Correct Answer ️️ -35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - Correct Answer ️️ -30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - Correct Answe...

The tree that owns itself - Answer ️️ Guy who loved the tree deeded the land of the tree to the tree itself in 1832 the property right that creates all rights - Answer ️️ right to exclude others what can you do with property - Answer ️️ Right to exclude others, Rent, Recreation, Extract resources from it (coal, oil, farming, animals), Sell it, Collateral how do you get property - Answer ️️ Buy it, Gift, Inheritance, Tax liens, Adverse possession, Accession (adding), Labor (...

Real versus personal property - ANSWER real property: Real estate and the bundle of rights Personal property: all property that is not land or permanently attached to land, excepting trade fixtures and emblements. Physical characteristics of land - ANSWER immobility, indestructibility, and heterogeneity. Metes and Bounds - ANSWER describes property by landmarks, monuments, distances and angles. From point of beginning (POB) and returns to POB Rectangular Survey System - ANSWER uses ...

Which methods does the federal government use to influence the real estate market? - ACCURATE ANSWERincome tax incentives, fair housing laws, granting housing subsidies The term "real estate" is used in three fundamental ways. These include all of the following EXCEPT : - ACCURATE ANSWERto identify all types of property. Which of the following statements define the role of Real Estate in our economy? - ACCURATE ANSWERAll of these statements are correct. What two elements are involved ...

Chapter 11: Real Estate Taxes and Other Liens - ANSWER Chapter 11: Real Estate Taxes and Other Liens Lien - ANSWER Charge or claim against a person's property, made to enforce the payment of money. -security for lender Priority of liens - ANSWER Refers to the order in which claims against the property will be satisfied. "First come, first served." -real estate taxes always first b/c support vital community and schools -taxed at 35% of its value Types of liens - ANSWER -Creating a l...

National Real Estate Exam: Pearson Vue, Top exam questions & Answers, rated A+ Maria acquires a property from her uncle Alfonso. When Maria dies, the estate will pass to Alfonso's other niece Serena. The type of estate that Maria has in the property is: A. conventional life estate B. legal life estate C. fee simple defeasible estate D. tenancy by the entireties - -conventional life estate One difference between a cooperative estate and a condominium estate is that: A. a condo owner...

What are the two requirements of the property if the anti-deficiency statute is to apply? - correct answer 2.5 acres or less. Utilized as a family home for a 1 or 2 family dwelling. In a deed of trust, who is the "trustor?" - correct answer The person buying the house (the purchaser). Who has priority in liens even over a purchase money mortgage lien filed prior? - correct answer Liens for unpaid property taxes and agricultural liens on crops. Does an IRS lien filed in 2015 have prior...

Arizona Real Estate Salesperson Exam Questions and answers/ VERIFIED. What are the two requirements of the property if the anti-deficiency statute is to apply? - -2.5 acres or less. Utilized as a family home for a 1 or 2 family dwelling. In a deed of trust, who is the "trustor?" - -The person buying the house (the purchaser). Who has priority in liens even over a purchase money mortgage lien filed prior? - -Liens for unpaid property taxes and agricultural liens on crops. Does an IRS l...