Tenancy at sufferance Study guides, Class notes & Summaries

FL Real Estate License Practice Exam 1 Questions And Correct Answers. Complete Verified Solution 2024 Steve deeded to his father a home for as long as his father was alive. One stipulation to the deed was that the property would be passed to the local Youth Center upon the death of Steve's father. What type of estate does the Youth Center have? a. A reversion estate b. A remainder estate c. A life estate d. An estate for years B A property that has been declared as a homestead has wh...

MO REAL ESTATE EXAM SMART EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ Under a Listing agreement, who would be the client? The Salesperson The broker The Seller They Buyer - -The Seller A property was sold by a foreclosure sale. The sale did not produce enough money to satisfy all the debts on the property. What could the creditor who weren't paid now file? A deed in lieu of foreclosure An estoppel certificate A deficiency judgement A blanket Mortgage - -A deficien...

A leasehold estate that continues for a successive periods of equal length until terminated by proper notice from either party is a CORRECT ANSWER Periodic tenancy Physical land and everything attached to it is called CORRECT ANSWER Real Estate Equipment a tenant installs for use in his or her business is called CORRECT ANSWER Trade fixture The illegal practice of inducing homeowners to sell their homes (Usually at a deflated price) by suggesting the ethinic or racial composition of the...

Study Set Questions and Answers for Dubai RERA Broker Exam 2024 Bundle of rights - CORRECT ANSWER-PUTEE - Possession, Use, Transfer, Exclusion, Encumbrance Real property - CORRECT ANSWER-Real estate (land + manmade attachments) + bundle of rights Legal Title - CORRECT ANSWER-Full ownership of property + bundle of rights Equitable Title - CORRECT ANSWER-Interest that gives the buyer the right to acquire legal title to a property if certain contractual conditions occur. Homestead - CO...

Uniform Residential Landlord Tenant Act (URLTA) correct answers uniform law governing residential leases tenancy for years correct answers created by a lease that will run for a specific period of time, terminates automatically on specified ending date periodic tenancy correct answers has no definite ending date and continues until one of the parties takes proper legal steps to end interest, can be expressly created, must give a full period's notice or one month tenancy at will correct...

Principles of Real Estate 1 – Champions Latest Update 100% Pass Leasehold Estates possession and use of property without ownership Estate for years (tenancy for years) any lease with a specific starting and ending date. Survives the death or sale of the property Periodic Tenancy/periodic estate lease that automatically renews itself for like periods. example month to month. Requires notice to terminate Estate at Will Very loose agreement, terminates on death or sale of the pro...

What is a tax allocation district? A district where property is charged a higher property tax in order to build infrastructure for that area Which of the following is a factor that affects accessibility? a. Continuity Incorrect b. Mobility substitutes c. Air superiority d. Matriculation Mobility substitutes Predatory loans often have fees that cost more than... 5% of the total amount of a loan. Under the veteran loan program, a veteran that purchases a property must make the property his...

National Real Estate Exam Portion for Ohio Questions & Answers 2023-24 Tenancy at Will - ANSWER-No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance - ANSWER-Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants in common - ANSWER-Ownership where tenants could have different amounts of ownership. If passed away heir will take over the undivided ownership (no survivorship) Joint Te...

National Real Estate Exam Portion for Ohio Latest Update Graded A+ Tenancy at Will No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants in common Ownership where tenants could have different amounts of ownership. If passed away heir will take over the undivided ownership (no survivorship) Joint Tenants 2 or more people own equal righ...

ASREB Exam Practice Questions and Answers types of loans - Correct Answer ️️ -FHA loan, Conventional loan, VA loan FHA loan - Correct Answer ️️ -MIP (Mortgage Insurance Premium) Two types (Upfront and Monthly) Conventional loan - Correct Answer ️️ -PMI (Private Mortgage Insurance) Drops off automatically at 78% loan to value (LTV) Ask for removal at 80% loan to value VA Loan - Correct Answer ️️ -Funding Fee based on value USDA loan - Correct Answer ️️ -loan is zero do...