Encumber - Study guides, Class notes & Summaries

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 - ANSWER ☑☑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 remainderman. When Ben dies, what kind of interest does Will recei...

Obtaining consumer information reports under false pretenses is prosecutable by which of the following? 1. USA Patriot Act 2. Fair Credit Reporting Act 3. State laws where the applicant resides 4. Securities and Exchange Commission - Answer 2. Fair Credit Reporting Act All of the following are features of the spendthrift clause EXCEPT 1. proceeds are paid in some other way than a single lump sum. 2. proceeds are protected by the insurer from the beneficiary's creditors. 3. ...

Real estate appraisal principles and procedures Question and answers correctly solved Real estate appraisal principles and procedures REAL ESTATE Is the physical land and improvements Real property Is "the interest, benefits, and rights inherent to the ownership of real estate". These include the land, anything permanently attached or affixed to the land, anything incidental or appurtenant to the land, and anything immovable by law. Bundle of rights Bundle of rights i...

McKissock Liberty University -Real estate appraisal principles and procedures fully solved REAL ESTATE Is the physical land and improvements Real property Is "the interest, benefits, and rights inherent to the ownership of real estate". These include the land, anything permanently attached or affixed to the land, anything incidental or appurtenant to the land, and anything immovable by law. Bundle of rights Bundle of rights include the rights to use, enjoy, exclude others ...

PSI Practice Exam NJ Questions and Answers Graded A+ all of the following are ownership rights EXCEPT: A: changing the beneficiary of the policy B: borrowing funds against cash value C: switching the policy from on insured to another D: assigning all of the rights of the policy to another person C: switching the policy from on insured to another which of the following is characteristic of a non qualified plan: A: defined vesting schedule B: plan established by the employer C: pl...

REAL ESTATE NATIONAL EXAM GUIDE e of rights - ANSWER posess, use, transfer, encumber, exclude the right to mortgage property as collateral for debt - ANSWER the right to encumber doctrine of prior appropriation - ANSWER in some states water is owned by govt, individual use requires approval littoral rights - ANSWER pertain to oceans, seas and lakes because navigable therefore public therefore state owned riparian rights - ANSWER concerns moving water, state owns if navigable a per...

Which item below can help protect against a home with a listed incorrect street address or legal description in public records? - Standard coverage title insurance policy and extended coverage title insurance policy Robert owns his property and enjoys the full bundle of rights. Can he use his property as collateral for debt? - Yes. Robert can encumber his property Which location is an industrial coal plant least likely to be located? - Adjacent to an elementary school What is the least li...

Real estate appraisal principles and proceduresREAL ESTATE Is the physical land and improvements Real property Is "the interest, benefits, and rights inherent to the ownership of real estate". These include the land, anything permanently attached or affixed to the land, anything incidental or appurtenant to the land, and anything immovable by law. Bundle of rights Bundle of rights include the rights to use, enjoy, exclude others and occupy the property, to sell it or lease...

Which item below can help protect against a home with a listed incorrect street address or legal description in public records? - correct answer Standard coverage title insurance policy and extended coverage title insurance policy Robert owns his property and enjoys the full bundle of rights. Can he use his property as collateral for debt? - correct answer Yes. Robert can encumber his property Which location is an industrial coal plant least likely to be located? - correct answer Adjacent ...

parcel portion of land delineated by boundaries • Real property ownership of real estate and the bundle of rights associated with owning the real estate. • Personal property ownership of anything that is not real estate, and the rights associated with owning the personal property item • Tangible property physical, visible, and material Intangible property abstract, having no physical existence in itself, other than as evidence of one's ownership interest. ...