Eminent domain - Study guides, Class notes & Summaries

CA Real Estate Exam 2024 Practice Questions/ 175 Q&A. Tenancy in common grants owners to have an equal, undivided interest in a property, but also allows owners to have varying percentages of unequal ownership as well. Tenancy in severalty is best described as: Two property owners One property owner More than two property owners Property owned by a corporation - Answer: One property owner Severing all other owners, when a single person is the sole owner of a property. Which of...

CA Real Estate State Exam Crash Course/ 682 Q&A/ Already Graded A+. How are ownership rights and interest in real property established by way of a court proceeding? A - cloud on title B - equitable use C- quiet title action D - quitclaim - Answer: C - quiet title action Answer Feedback: A quiet title action is proceeding to establish an individual's right to ownership of real property against one or more adverse claimants. The recording of an instrument gives: A - actual noti...

What is appraisal? - The act or process of developing an opinion of value of an asset What is USPAP? - Uniform Standards of Professional Appraisal Practice What is real estate? - An identified parcel or tract of land, including imporvements, if any. The physical land and appurtenances affixed to the land What is real property? - The interests, benefits, and rights inherent in the ownership of real estate (land, buildings, fixtures) What is the total range of private owneership intere...

This generally refers to a governmental entity's legal authority to force a private landowner to sell his or her real property for public use. A) Condemnation B) Taxation C) Police power D) Eminent domain - correct answer D) Eminent domain Precedents are determined by: A) Statutory Law B) Case law C) TRELA D) DTPA - correct answer Wrong A) Statutory Law? This estate may be terminated at will of either party. It has no duration limitation. A) Estate at will B)...

This generally refers to a governmental entity's legal authority to force a private landowner to sell his or her real property for public use. A) Condemnation B) Taxation C) Police power D) Eminent domain - ANSWER D) Eminent domain Precedents are determined by: A) Statutory Law B) Case law C) TRELA D) DTPA - ANSWER Wrong A) Statutory Law? This estate may be terminated at will of either party. It has no duration limitation. A) Estate at will B) Estate from perio...

A loan whose payments do not fully liquidate the loan and thus requires a large final payment, is known as 1. Partially amortized loan 2. Term loan 3. Growing equity mortgage 4. Graduated payment mortgage correct answers 1. Partially amortized loan - Repays partially, the part of the loan that hasn't been repaid yet is called a balloon payment Graduated/Growing - accelerate repayment of their fixed-rate mortgage by scheduling additional principal payments that increase over time Re...

1968 case in which U.S. supreme court ruled that discrimination by race is absolutely prohibited in any form or at any level - Jones v. Mayer 2 docs borrow must always create in a mortgage loan - note & deed of trust (mortgage) 2 important functions of a commercial RE broker - provide prospective buyer w/ info about property & to negotiate compromises 2 levels of brokerage licensure - salesperson: must work for broker broker: can operate own brokerage agency 3 approaches to value - sales ...

California Real Estate Exam: Questions & Answers Latest Update 2023/2024 100% Verified. Reed vs. King Case (Ans- Must disclose death (and manner of death) on a property if occurs within 3 years, except AIDS Jones vs. Mayer Supreme Court Decision (1968) (Ans- Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights Act of 1968) Easton vs Strassburgar (Ans- Seller disclosures to third parties AND agent visual inspection of all...

WRA EXAM QUESTIONS WITH CERTIFIED SOLUTIONS The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker." An appra...

Louisiana POST Study Guide (Answered 100% Correctly) Latest Louisiana POST Study Guide (Answered 100% Correctly) Latest Miranda vs. Arizona The supreme court case in which the court held that criminal suspects must be informed of their right to consult with an attorney and of their right against selfincrimination prior to questioning by police. Mapp v. Ohio Evidence illegally gathered by the police may not be used in a criminal trial Terry vs. Ohio Allowed the police to stop and se...