Moveable property - Study guides, Study notes & Summaries

Real property - ANSWER Land & everything that is permanetly attached to the land & everything that is appurtenant to the land Personal property (personalty) - ANSWER All propery that doesn't fit the definition of real property. CHATTLES are moveable Land - ANSWER The earth's surface extending downwards to the center of the earth & upward to infinity Real estate (realty) - ANSWER Land at, above, or below the earth's surface, including all things permanently attached to it, whether art...

REE 3043 REVIEW QUESTIONS WITH REVISED CORRECT ANSWERS Nonrecurring Expenses - Answer-Leasing commissions, tenant improvements, retenanting expenses A project's NOI is calculated by: - Answer-deducting all expenses and allowances from the property's effective gross income The capitalization rate found by dividing the NOI of a property by its selling price takes into account investor's future cash flows - Answer-true The allowance known as the reserve for replacements and other nonr...

Real property includes all items that would normally remain in place when an owner of real property moves. These items are known as _____. - Fixtures Which of the following is NOT an example of personal property? - Garage Which of the following is NOT an example of real property? - Couch How would real property become personal property? - If the real property became moveable goods, such as discovering oil under your land (real property), that you then took and sold in oil drums (personal p...

What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction Wesley just bought a house with...

Arkansas Property and Casualty ExamNationwide marine insurance - correct answer . All property must contain an element of transportation to be eligible under inland marine coverage forms. Specifically, it must be in transit, be moveable, bear a relationship to transportation or communication, or be held in the possession of a bailee, who is someone other than the property owner. The Nationwide Marine Definition defines 6 broad classes of property that may be insured under marine contracts. Th...

Land - Answer-The physical property and any natural objects on it - like trees and bodies of water, often referred to as a "lot', "site", or "parcel". Real estate - Answer-generally refers to land with permanent manmade improvements. Real property - Answer-refers not only to the land and its improvements, but also the bundle of rights, powers, and privileges ("bundle of rights") that are legally connected to ownership of that land. Transferred by deed. Tangible rights - Answer-b...

Role of Scarcity (property) -Correct Answer need for resources overtakes supply of those resources State controlled/communism -Correct Answer govt controls resources and directs how they're divided between citizens; control means of production Property-based/capitals -Correct Answer enact laws that enable citizens to acquire, possess, use, and transfer resources; free market States generally have a mix -Correct Answer not purely one or the other Real Property -Correct Answer land,...

Alaska Real Estate Latest Version Already Passed Personal Property Items that do not fit into the definition of real property; moveable objects; chattels Real Property land and anything attached to it Fixture An article of personal property that has become real property because it has. Even permanently affixed to the property General partnership An association of two or more individuals who carry on a continuing business for profit; all co-owners are general partners & share full liability fo...

Inspector Chapter 6 Questions and Answers Already Passed Kitchen grease exhaust ducts require _____ fire-resistive separation. Select one: a. 30-minute b. 1-hour c. no d. 2-hour B What inspection challenges do curtain walls pose? Select one: a. It is difficult to determine what materials are used in their construction. b. They conceal the structural details of a building. c. Property owners update and remodel them often. d. Inspectors are not allowed to inspect curtain...

The earth's surface extending downward to the center of the earth and upward into space, including all things permanently attached, is known as: A) Real Property B) Real Estate C) Land D) A bundle of legal rights - D) A bundle of legal rights Moveable objects, which are not considered real estate, are known as: A) Real property B) Personal property C) Fixtures D) Emblements - B) Personal Property The permanent right to use another's land for the benefit of a neighboring parcel is kn...