Moveable property - Study guides, Study notes & Summaries

Oregon Real Estate Exam Prep Questions and Answers 100% Correct Oregon Real Estate Exam Prep Questions and Answers 100% Correct Oregon Real Estate Exam Prep Questions and Answers 100% Correct Real Property - ANSWER-(goes with the real estate)- immovable - ex. the house itself Personal Property - ANSWER-(goes with the person)- moveable -ex. a set of keys, a lease "When you sell the property what goes with you" ex of estate for years - ANSWER-summer rental ex of periodic tenan...

What are considered 'Fixtures'? - Answer Personal property that is securely attached - usually permanently - to a property and are typically included in the sale of the home. Examples of fixtures: curtain rods, window shutters, light fixtures, mirrors & built-in appliances. What are considered 'Chattels'? - Answer Personal property that is moveable. These are usually excluded from the purchase of a property unless otherwise negotiated between the buyer & seller.

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 - correct answer -A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction Wesley just bou...

Arkansas Property and Casualty Exam Question and answers 2024 verified to passNationwide 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 tha...

Colibri real estate express chapter 8 Questions and Answers 100% Pass Which of the following is NOT a characteristic of land? A. It is permanent. B. It is destructible C. It is unique. D. It is immobile - Answer- B. It is destructible Which of the following is included in the bundle of rights inherent in ownership? A. To inherit B. To tax C. To transfer D. To vote - Answer- C. To transfer Which of the following is a descriptive, non-legal term for a group of two or more people who c...

N1. Personal property which has been converted to real property by method of attachment is: A. A fixture B. A trade fixture C. Emblements D. None of the above - ANSWERSA. A fixture. A trade fixture is installed by a tenant and is removable by the tenant before the lease term expires. Emblements are annual crops that have been planted for harvest. N1. Which of the following is always considered to be personal property? A. A lease B. A freehold C. A fixture D. A city lot - ANSWERSA. A l...

What is the real estate rights above the ground surface called? correct answers Air space. The __________ represents an expected price that should result under specific conditions. correct answers Real estate value A broker or sales associate that is qualified to answer questions about a specific real estate is said to be ____________. correct answers Competent The purpose of the real estate license is to ensure the licensee meets the minimum standard of _____________ mandated by Texas ...

Principles 1 Aceable Practice Tests Exam Questios with 100% Correct Answers 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 - answerA) To pay an aggrieved party who has won a judgment against a l...

Pennsylvania Certified Evaluator Exam Questions with Correct Answers Updated Latest (Graded) base year - correct answereffective date of the appaisers opinion is on ethic rule - correct appraiser must promote & perserve the public trust st standards of professional ethics 3. conduct, managemant, confidentiality appraiser must act competenty and in a manner that is - correct answerindependent, impartial, objective what does uspap stand for - correct answeruniform standards of the proffess...

Intangible Property - ️️(personal) not physical. Intellectual property, securities. May only include right to include, right to exclude. i.e.. Patents, copyrights, trademarks. . lost items - ️️in order to be claimed must follow a statutory procedure. VS mislaid (items go to the person who own the premise. Real Property - ️️law applies to land and interests in land. (all other resources are protected by personal property law) Personal Property - ️️applies to moveable resour...