Ownership in severalty is - Study guides, Class notes & Summaries
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Tennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS
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A corporation is 
a legal entity that can buy and sell real estate as set out in its charter. 
 
 
 
Ownership in severalty is 
property owned by one individual or corporation. 
 
 
 
A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a 
tenancy in common between the new owner and the remaining joint tenants 
 
 
 
The owner of a condominium unit learns that a neighbor has failed to pay real estate taxes. I...
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pearson vue practice exam Questions and answers, 100% Accurate, graded A+
- Exam (elaborations) • 22 pages • 2023
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pearson vue practice exam Questions 
and answers, 100% Accurate, graded A+ 
In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of 
agency to state ONLY those terms that are 
a. included in the listing agreement 
b. based on the brokers evaluation of prevailing prices and terms 
c. favorable for the seller, as determined by the broker 
d. attractive to buyers, as determined by the broker - -a. included in the listing agreement 
a lot measu...
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Washington Real Estate AMP National Cram Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 33 pages • 2024
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"Severalty ownership" means that: 
A) ownership is by several parties 
B) ownership by one person 
C) co-ownership of several people 
D) joint tenancy of several people - B) ownership by one person 
Feedback: 
Correct: Severalty is holding title by ONE person. There is no dual ownership or survivorship clause. 
Which of the following is a less-than-freehold estate? 
A) property that has an easement on it 
B) possession held under a lease 
C) real estate minus the mineral, oil, and gas rights 
...
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McKissock Basic Appraisal Principles I Final Exam Quiz(90 QUESTIONS) WITH COMPLETE SOLUTIONS
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The _____ has oversight authority over state appraisal boards. CORRECT ANSWERS: ASC (Appraisal Subcommittee) 
 
Which of the below is a requirement of a valid real estate contract? CORRECT ANSWERS: consideration, in writing and signed, and lawful objective 
 
"The interaction of buyers and sellers who trade long-term or intermediate-term money instruments" is the definition of the _____________ market. CORRECT ANSWERS: capital 
 
An analysis of the market conditions of supply, demand, and p...
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NJ Title Producer Title Final Exam with Complete Solutions "
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NJ Title Producer Title Final Exam with 
Complete Solutions 
"A" and "B" bought a house as tenants in common. If "A" dies which of the following 
statements about ownership of the house is correct? 
A) It automatically becomes tenancy in severalty. 
B) It is divided, with B retaining their original interest and the balance going to A's estate. 
C) B holds fee simple ownership to A's share of the property 
D) B holds a life estate ownership to A's share of the property Correct answer B...
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NJ Title Producer Title Final Exam; Questions and Answers 100% Solved
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NJ Title Producer Title Final Exam; Questions and 
Answers 100% Solved 
"A" and "B" bought a house as tenants in common. If "A" dies which of the following statements 
about ownership of the house is correct? 
A) It automatically becomes tenancy in severalty. 
B) It is divided, with B retaining their original interest and the balance going to A's estate. 
C) B holds fee simple ownership to A's share of the property 
D) B holds a life estate ownership to A's share of the property Corre...
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NJ Title Insurance Producer Final Exam Set with Q&A
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NJ Title Insurance Producer Final Exam 
Set with Q&A 
"A" and "B" bought a house as tenants in common. If "A" dies which of the following 
statements about ownership of the house is correct? 
A) It automatically becomes tenancy in severalty. 
B) It is divided, with B retaining their original interest and the balance going to A's 
estate. 
C) B holds fee simple ownership to A's share of the property 
D) B holds a life estate ownership to A's share of the property - CORRECT ANSWER-B) ...
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Washington Real Estate AMP National Cram Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024 | 33 Pages
- Exam (elaborations) • 33 pages • 2023
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- $20.49
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"Severalty ownership" means that: 
A) ownership is by several parties 
B) ownership by one person 
C) co-ownership of several people 
D) joint tenancy of several people - B) ownership by one person 
Feedback: 
Correct: Severalty is holding title by ONE person. There is no dual ownership or survivorship clause. 
Which of the following is a less-than-freehold estate? 
A) property that has an easement on it 
B) possession held under a lease 
C) real estate minus the mineral, oil, and gas rights 
...
-
Tennessee National Portion REAL ESTATE EXAM Questions with 100% Correct Answers | Updated & Verified | 2024
- Exam (elaborations) • 179 pages • 2024
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- $12.98
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A corporation is a legal entity that can buy and sell real estate as set out in its charter. 
Ownership in severalty is property owned by one individual or corporation. 
A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that 
interest to a new owner. The result is a tenancy in common between the new owner and the 
remaining joint tenants
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Tennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% CORRECT
- Exam (elaborations) • 107 pages • 2023
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Available in package deal
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- $12.99
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Tennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% CORRECTTennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% CORRECTTennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% CORRECT 
A corporation is - ANSWER-a legal entity that can buy and sell real estate as set out in its charter. 
 
Ownership in severalty is - ANSWER-property owned by one individual or corporation. 
 
A house is owned by three joint tenants, and one of the owners, as permi...
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