Recorded plat method Study guides, Class notes & Summaries

Colibri Real Estate Chapter 2 Quiz Questions with 100% Correct Answers An agency relationship may be involuntarily terminated by which of the following? - Answer- By destruction of the property through fire, vandalism, or natural disaster When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who shows the listed property automatically becomes - Answer- A subagent An agency relationship may be involuntarily terminated by which of the following? - Answer- Co...

{Champions; Texas} Real Estate Exam Prep 2023 QUESTIONS WITH VERIFIED 100% ANSWERS appurtenance - ANSWER term used to describe rights, privileges or improvements that belong to and pass with the land improvements - ANSWER man's additions to the land such as building and landscaping personal property - ANSWER also called chattel or personalty; a right or interest in smiting of a temporary or movable nature and includes anything not classed as real property. Real property becomes pe...

Texas Real Estate Exam Questions and Answers Latest Updated 2023/2024 Graded A+. annexation - Answer- the process of attaching an item of personal property to real estate such that it becomes a fixture severance - Answer- the process of real property becoming personal. Fixture is uninstalled and becomes personal property again trade fixtures - Answer- term used for fixtures in commercial transactions. installed by a tenant to carry out a business and may be removed prior to the termination ...

Fixture - An object that has been attached to land so as to become real estate. An article of personal property which has been installed in or attached to land or a building thereon, in such a manner that it is now considered to be a part of the real estate. Improvements - Beneficial attachments to raw land that increase its value or improve its usefulness. Meridians - Imaginary north-south lines which intersect base lines to form a starting point for the measurement of land. Metes and...

Maine - Real Estate Complete Test With Complete Solutions. Fixture - An object that has been attached to land so as to become real estate. An article of personal property which has been installed in or attached to land or a building thereon, in such a manner that it is now considered to be a part of the real estate. Improvements - Beneficial attachments to raw land that increase its value or improve its usefulness. Meridians - Imaginary north-south lines which intersect base lines to for...

Non-Homologous - ANSWER physical characteristic of land Investment Permanence - ANSWER economic characteristic of land Metes and Bounds - ANSWER a method of land description which involves length measurement, compass direction and markers Recorded Plat (Lot and Block) - ANSWER a property description method using lot numbers, block numbers and subdivision

(Answered) PSI Real Estate Exam - Property Ownership Real Property (realty) land along with improvements, things attached to it, and the benefits, rights, and interests included in its ownership. Real Estate synonymously used with real property; but includes real and personal property. Land earth's surface, subsurface to the center of the earth, the space overhead, and the rights to each. Rights: common rights in land; surface rights, subsurface rights, mineral rights, water rights, air righ...

Chapter 10 -Gold Coast Real Estate Homework Questions and Answers 100% Pass Which of the following best describes a contract for sale that contains a street address instead of a legal description? (a) It is not valid under the Statute of Frauds. (b) It is valid only if witnessed. (c) It is valid, but may lead to a future dispute. (d) It is a violation of the Code of Ethics. - Correct Answer ️️ -c) It is valid, but may lead to a future dispute. Which method of legal description uses ...

COLD + AC - C = Care, skill and diligence - O = Obedience, - L = Loyalty, - D = Disclosure, - A = Accounting, - C = Confidentiality OR OLD CAR - O = Obedience, - L = Loyalty, - D = Disclosure, - C = Confidentiality - A = Accounting, -R = Reasonable care, skill and diligence WHICHEVER ONE YOU CAN REMEMBER EASIER! Six duties of the broker as a fiduciary are : township a square 6 miles on each side A Transition to Transaction Agent Notice is required to be...

{Champions; Texas} Real Estate Exam Prep 2023 QUESTIONS WITH VERIFIED 100% ANSWERS appurtenance - ANSWER term used to describe rights, privileges or improvements that belong to and pass with the land improvements - ANSWER man's additions to the land such as building and landscaping personal property - ANSWER also called chattel or personalty; a right or interest in smiting of a temporary or movable nature and includes anything not classed as real property. Real property becomes pe...