Bare naked title - Study guides, Class notes & Summaries

Georgia Real Estate Exam Vocabulary Latest Updated 2023 Title Document that shows ownership Alienation To sell or convey Transfer: change of ownership Legal Title Ownership with right of possession and use Equitable Title Right to legal title upon completion of contract Buyer receives after they go into contract until seller meets all buyer's needs also closing costs Bare (naked) Title Ownership without possession rights or use Some states use a third party to hold the title (trustee) until...

Real Estate - Arizona (Broker's Exam), Questions and answers/ Trustor is the __________ Borrower Beneficiary is the __________ Lender Brainpower Read More Trustee is the __________ 3rd party that hold legal title "Bare & Naked" Trustor pays the __________ Beneficiary Beneficiary instructs the Trustee to issue a __________ when loan is paid off Deed of Reconveyance Deed of Reconveyance is signed by the __________ Trustee Deed of Reconveyance needs to be recorded to release the...

False - correct answer Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? D - correct answer Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed C - correct answer Which of the following is NOT an improvement of land? A. Building B. Sidewalk C. Corn crop D. Flower bed ...

Title CORRECT ANSWER Document that shows ownership Alienation CORRECT ANSWER To sell or convey Transfer: change of ownership Legal Title CORRECT ANSWER Ownership with right of possession and use Equitable Title CORRECT ANSWER Right to legal title upon completion of contract Buyer receives after they go into contract until seller meets all buyer's needs also closing costs Bare (naked) Title CORRECT ANSWER Ownership without possession rights or use Some states use a third party t...

With regard to the Wood Destroying Insect Report, which statement is correct? A) The seller usually pays for the report. B) The seller is responsible for repairing all structural damage discovered. C) The report determines that there is no sign of insects, but does not guarantee structural integrity. The report determines that there is no sign of insects, but does not guarantee structural integrity. (The Wood Destroying Insect Report is usually paid for by the buyer. It provides information...

Georgia Real Estate Exam Vocabulary Title - ANS Document that shows ownership Alienation ( Due on Sale) - ANS To loan balance due on sale of home Transfer: change of ownership Legal Title - ANS Ownership with right of possession and use Equitable Title - ANS Right to legal title upon completion of contract Buyer receives after they go into contract until seller meets all buyer's needs also closing costs Bare (naked) Title - ANS Ownership w...

Georgia Real Estate Exam Vocabulary Title - ANS Document that shows ownership Alienation - ANS To sell or convey Transfer: change of ownership Legal Title - ANS Ownership with right of possession and use Equitable Title - ANS Right to legal title upon completion of contract Buyer receives after they go into contract until seller meets all buyer's needs also closing costs Bare (naked) Title - ANS Ownership without possession rights or use ...

False - ANSWER-Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? D - ANSWER-Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed C - ANSWER-Which of the following is NOT an improvement of land? A. Building B. Sidewalk C. Corn crop D. Flower bed A - ANSWER-Six months a...

: Basics of Real Estate Finance Study Questions With Detailed Answers "Subject to" Mortgage - Answer-A grantee taking title to a real property "subject to" a mortgage is not personally liable to the mortgagee for payment of the mortgage note. /.*Note!* - Answer-One other thing that you definitely need to note is that mortgage loan interest rates always are quoted on an annual basis. So the interest is a certain percent a year. In the event that an exam question wants to know the monthl...

Barney Fletcher Principles of Real Estate: Section 4 Study Guide fully solved 2023acceleration clause - correct answer clause that specifies that is the borrower fails to keep the covenants of the mortgage or trust deed, the entire loan balance is due and payable upon demand alienation clause/due-on-sale clause - correct answer clause that provides that upon alienation of the property by the mortgagor, the mortgagee may demand the balance of the debt be paid first defeasance clause - corre...