1 acre equals sq feet - Study guides, Class notes & Summaries

Rockwell Real Estate Final Exam Questions and Answers Latest 2023/2024. The interest that passes to a designated person upon the death of a life tenant (or other measuring life) is a fee simple estate. Will has a remainder interest only up until the moment Ben dies. Once Ben is dead, Will's interest immediately becomes a fee simple interest. A buyer accepts a general warranty deed from a seller, believing that the seller is the sole owner of the property. The buyer later finds out that the...

IAAO 101 Questions and Answers 100% Pass ad valorem According to Value The basic responsibilities of an Appraiser to all taxable property. 1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' Situs The type of value usually estimated by an Appraiser is the Market Value The effective tax rate reflects the ratio between what The current tax bill and the property value Assessment level times the tax rate equals The effective tax rate _________...

Rockwell Real Estate Classes WA Final Exam 1 | Questions, Answers and Rationales A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben die...

Rockwell Real Estate Final Exam Questions and Answers Latest 2024 (GRADED) A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainde...

How many feet of head does it take to equal 1 PSI? - ANSWER- 2.31 To gain .433 PSI, your piping would have ....? - ANSWER- Elevation loss of 1 ft. A loss in PSI is a result of ? - ANSWER- An elevation gain in the piping Water pressure is measured in ? - ANSWER- PSI PSI stand for ? - ANSWER- Pound per square inch If water travels downhill , what happens to the PSI? - ANSWER- An increase Water will seek it's own lowest level by what force of nature? - ANSWER- gravity What is the weight of ...

Rockwell Exam Real Estate Classes WA Final Exam Questions and Answers Latest 2023/2024. A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as ...

VA Practice Test 1 Exam with Complete Questions And Answers A couple executes a sales contract on their home after several counteroffers with the buyer. In this case, the seller is.... - answerGrantor 1 acre equals ____ sq feet - answer43,560 A primary residence is sold for $527,000 by a couple in the 28% tax bracket. The home was originally purchased by them eight years ago for $313,000 where the family lived for the entire eight years. How much will be paid in capital gains tax? - answe...

Rockwell Real Estate Classes Final Exam Questions and Answers Updated 2023/2024. Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben dies, what kind of interest does Will receive? A. Fee Simple Estate B. Life Estate C. Remainder Interest D. Reversionary Interest A. Fee Simple Estate The interest that passes to a designated pe...

USPAP Uniform Standards of Professional Appraisal Practice recognized as the Industry standard in 1989 by FIRREA (Financial Institutions Reform, Recovery, and Enforcement Act) Competency Rule If not competent in property type hired to appraise, you must disclose that or turn it down. If another appraiser helps you, you must report that and who it was. Scope of Work how much and what kind of work needed... type of data to be searched in order to reach conclusions Chapter ...

Appraisal Institute Basic Appraisal Principles Appraisal (ch.1) - ANS the act or process of developing an opinion of value What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership Financing and credit Litigation Tax matters Investment Decisions The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property Steps of the Valuation Process (ch.1)...