C a judgement lien - Study guides, Class notes & Summaries

Which step in the decision-making model is characterized by asking the question, "Are these opinions consistent with applicable professional ethics rules, regulations, and laws?" A. Recognize ethical issues B. Gather critical facts C. Consider the effect on stakeholders D. Consider rules, regulations, and laws D. Consider rules, regulations, and laws Step 7 asks this question. You may determine that the greatest benefit and least amount of harm would likely result if you take a particula...

Arizona Real Estate State Exam Questions and Answers 100% Pass Which of the following is NOT a specific lien? a. an unrecorded mortgage b. a mechanic's lien c. a judgement lien d. a blanket mortgage c. a judgement lien Which of the following is NOT an encumbrance on real property? a. lease b. easement c. homestead right d. restrictive convenant c. homestead right Which of the following is NOT an appurtenance? a. easement right b. mineral right c. water rights d. trade fixtures d. t...

Arizona Real Estate State Exam with 100% Correct Answers |latest| Which of the following is NOT a specific lien? a. an unrecorded mortgage b. a mechanic's lien c. a judgement lien d. a blanket mortgage *Ans* c. a judgement lien Which of the following is NOT an encumbrance on real property? a. lease b. easement c. homestead right d. restrictive convenant *Ans* c. homestead right Which of the following is NOT an appurtenance? a. easement right b. mineral right c. water rights d. ...

Chapter 11: Real Estate Taxes and Other Liens - ANSWER Chapter 11: Real Estate Taxes and Other Liens Lien - ANSWER Charge or claim against a person's property, made to enforce the payment of money. -security for lender Priority of liens - ANSWER Refers to the order in which claims against the property will be satisfied. "First come, first served." -real estate taxes always first b/c support vital community and schools -taxed at 35% of its value Types of liens - ANSWER -Creating a l...

A brother and a sister held title to a house as joint tenants. Other than this property, they conducted their business and affairs separately. When the brother died, he was penniless and owed several creditors substantial unsecured amounts of money. The sister took the title to the house and title was: A. Subject to the decisions of a probate court B. Subject to the claims of creditors C. Free of the debts of the brother D. Held as tenants in common along with heirs of brother Ans Fre...

Real Estate Principles & Practices Final Exam Review 100% correct! Chapter 11: Real Estate Taxes and Other Liens - ANSWER Chapter 11: Real Estate Taxes and Other Liens Lien - ANSWER Charge or claim against a person's property, made to enforce the payment of money. -security for lender Priority of liens - ANSWER Refers to the order in which claims against the property will be satisfied. "First come, first served." -real estate taxes always first b/c support vital community and scho...

BF Cram Exam 5 Questions & Answers 2024 In which way are a mortgage and a mortgage note similar? A. both are non negotiable instruments B. both are debt reducing instruments C. both are contracts D. both promise to pay the debt and are instruments of conveyance - ANSWER-C. both are contracts All of the following are collateral (security) for the debt except: A. mortgage B. note C. security deed D. trust deed - ANSWER-B. note What type of foreclosure does a lien theory stat...

Vessels Required to be Documented - Answer 5+ Tons engaged in fisheries, Great Lakes or Coastwise except: a)Vessel that doesn't operate in US Nav Waters b) non-self propelled vessel within harbor, in whole/part rivers or inland lakes of US, canals, internal waters. Requirements met for Documentation - Answer US Citizen, 5+tons, may be documented with these two including vessels for pleasure and in foreign trade. Special Markings Interior of Doc. Vessel - Answer Official # abbreviated by N...

CT Real Estate Exam General: Property Ownership Rated A+ Survey location and dimension of property Real Property The house and land Personal Property everything but the house and land Improvement Addition to the property or land Vertical Land description Defining the Air rights Fixture once-moveable items attached to real property Trade fixture a fixture that is not attached to real property. Used in Commercial settings. EX: freezer at restaurent. Annexation Personal Property becoming Rea...

California Real Estate Principles Exam Questions With Answers Latest Update 2024 (VERIFIED) Reed vs. King Case (Ans- Must disclose death (and manner of death) on a property if occurs within 3 years, except AIDS Jones vs. Mayer Supreme Court Decision (1968) (Ans- Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights Act of 1968) Easton vs Strassburgar (Ans- Seller disclosures to third parties AND agent visual inspection of...