Abutting owner Study guides, Class notes & Summaries

Real Estate Final Exam QUESTIONS WITH VERIFIED ANSWERS 2023/2024 UPDATE The concerns of the federal government in regulating real property right's include - ANSWER Discrimination Which of the following is included in the bundle of rights inherent in ownership - ANSWER To transfer What are three unique physical characteristics of land? - ANSWER Immobile, indestructible, heterogeneous The concept that the state controls all bodies of water is called - ANSWER The doctrine of pr...

Real estate Exam Review Questions and answers, verified./ The concerns of the federal government in regulating real property right's include - -Discrimination Which of the following is included in the bundle of rights inherent in ownership - -To transfer What are three unique physical characteristics of land? - -Immobile, indestructible, heterogeneous The concept that the state controls all bodies of water is called - -The doctrine of prior appropriation Which government entity is the ...

Hawaii Real Estate Test Questions & Answers GRADED A+ 2023|2024 Abandonment the relinquishment of all rights and title to a property with no intention of reclaiming ownership abstract Disclosure statement to initial condo purchasers Abstract of Title Condensed history of Titel (all recorded aspects) Abutting Owner Land touches highway or public place Accredited Property Manager One awarded such a designation by Institute of Real Estate Management (IREM). Acceleration Clause Default of m...

Florida Real Estate Exam 1031 tax-deferred exchange - Answer- Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest in a "like-kind" property and defer paying any capital gains taxes; strict IRS rules regulate this type of exchange Ex. Real estate investors can take advantage of the 1031 tax-deferred exchange to defer capital gains taxes when selling a property, provided the money is rolled into another "like" purchase a...

Hawaii Real Estate Test Questions and Answers Already Passed Abandonment the relinquishment of all rights and title to a property with no intention of reclaiming ownership abstract Disclosure statement to initial condo purchasers Abstract of Title Condensed history of Titel (all recorded aspects) Abutting Owner Land touches highway or public place Accredited Property Manager One awarded such a designation by Institute of Real Estate Management (IREM). Acceleration Clause Default of mort...

1031 tax-deferred exchange - >>Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest in a "like-kind" property and defer paying any capital gains taxes; strict IRS rules regulate this type of exchange Ex. Real estate investors can take advantage of the 1031 tax-deferred exchange to defer capital gains taxes when selling a property, provided the money is rolled into another "like" purchase abutting - >>Land par...

Wrongful or criminal deception intended to result in financial or personal gain is called: - Answer- fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - Answer- 90 days __________ extend above the surface without limitation. - Answer- air rights An example(s) of an appurtenance would be: - Answer- easements There is no upper limit on the value of a Texas homestead. - Answer- true A(n) __________ is one that combines some of ...

Massachusetts Real Estate Test Definitions Correctly Answered 2024.21E Certificate - ANSWER Certifies that property is free from contamination 203(b) - ANSWER FHA financing program for anyone purchasing a primary 1-4 family, owner-occupied residence 1031 Exchange - ANSWER Way to defer capital gains tax; property owner must re-invest profits from the sale of an investment property into another investment property within 6 months 1099 - ANSWER Independent contractor status according to th...

Mississippi Real Estate Exam Latest Version Graded A+ Real versus personal property 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 immobility, indestructibility, and heterogeneity. Metes and Bounds describes property by landmarks, monuments, distances and angles. From point of beginning (POB) and returns to POB Rectan...

1031 tax-deferred exchange - Answer- Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest in a "like-kind" property and defer paying any capital gains taxes; strict IRS rules regulate this type of exchange Ex. Real estate investors can take advantage of the 1031 tax-deferred exchange to defer capital gains taxes when selling a property, provided the money is rolled into another "like" purchase abutting - Answer- Land parce...