Habendum clause - Study guides, Class notes & Summaries

Real Estate Exam Prep 1 Questions and Answers Rated A A triangular lot has 78 feet of frontage. The lot is 96 feet deep. What is the square footage? 3,744 Which is the highest form of ownership possible? defeasible fee fee simple absolute leasehold life estate pur autre vi fee simple absolute A statement that follows the words of conveyance in a deed and includes "to have and to hold" is called the -covenant of seizin. -granting clause. -habendum clause. -recital. habendum clause Wha...

FL Real Estate License Practice Exam 4 Questions and Correct Answers, Complete Verified Solution 2024. A real estate sales associate has her license placed with Acquire Realty. Under what circumstances can this sales associate also work for Dolphin Realty on weekends selling condominiums for compensation? a. When she obtains a group license b. When she obtains a multiple license c. When she shows evidence there is no conflict of interest d. Never D The clause in a deed that indicates ...

Within how many days after property transfer shall a buyer submit a completed transfer form and file with ADEQ - 15 days An example of involuntary alienation is where title to real estate passes by: - Sheriff's deed What event will create an involuntary life estate? - Dower interest becoming cohate A valid warranty deed must contain all of the following elements, except: - Signed by grantee The clause in a deed which sets forth or limits the extent of the interests in the title being conve...

Colibri Practice Test Questions And Answers 3. In real estate, which of the following is correct about the term "title?" Taxes and insurance are often prepaid at closing to establish the escrow account. On which page of the Closing Disclosure form will the buyer see an accounting of the escrow account set up? Page two, under other costs On page two of the form, other costs are itemized for buyers and sellers. Taxes, prepaids, and initial escrow payment at closing - usually two mon...

** Chapter 9 - Gold Coast Real Estate Homework with correct answers rated A+Which instrument transfers title from one individual to another? (a) Contract (b) Deed (c) Warranty (d) Covenant - correct answer (b) Deed What does the term "title" refer to in real estate? (a) Any instrument that guarantees legal rights (b) A legal instrument that transfers property from one party to another (c) Ownership (d) A piece of bond paper - correct answer (c) Ownership What...

A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 - Answer-b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not - Answer-c. gives no indication that the property is listed with a broker A borrower is required to put 10% down for the purchase of a propert...

ASREB Practice Exam Questions with Verified Answers A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not c. gives no indication that the property is listed with a broker A borrower is required t...

Which of the following is NOT required for a deed to be valid? 1. Delivery 2. Acceptance 3. Conveyance 4. Recordation correct answers 4. Recordation While recording a deed does not affect its validity, it is extremely important to record since recordation protects the grantee. If a grantee fails to record, and another deed or any other document encumbering or affecting the title is recorded, the first grantee is in jeopardy. Habendum Clause correct answers "to have and to hold" langu...

Within how many days after property transfer shall a buyer submit a completed transfer form and file with ADEQ - 15 days An example of involuntary alienation is where title to real estate passes by: - Sheriff's deed What event will create an involuntary life estate? - Dower interest becoming cohate A valid warranty deed must contain all of the following elements, except: - Signed by grantee The clause in a deed which sets forth or limits the extent of the interests in the title being conve...

A Habendum Clause - ANSWER "To have and to hold for the life of the guarantee" The disposition stage - ANSWER The stage of land development when utilities are installed, parks are constructed, marketing programs are initiated, and title to individual parcels is transferred as lots are sold for construction What purpose does a REIT use funds from investors? - ANSWER To purchase both real estate and mortgages The effective term of a deed restriction may be extended with the consent o...