Chicago real estate exam - Study guides, Class notes & Summaries

Chapter 03 Extent of Real Estate Interests TRUEFALSE 1. Land ownership includes air rights and subsurface rights. (A) True (B) False Answer : (A) 2. Air rights and subsurface rights cannot be conveyed independently. (A) True (B) False Answer : (B) 3. Because a landowner owns the airspace above the land, air travel through that airspace is prohibited. (A) True (B) False Answer : (B) 4. A column lot is the space between the earth's surface and an imaginary plane 23' above the surface. ...

Real Estate Law Exam #2 Correct Questions and Answers How much notice must be given to terminate a NON-farm tenancy from year to year? - ANSWER 60 days How much notice must be given to terminate a farm tenancy? - ANSWER 4 months What kind of lease must be in writing? - ANSWER If it is greater than 1 year. What does a landlord have a duty to repair? - ANSWER 1. Common stairways and parking lot 2. Anything that the landlord promised he would in the lease. What is an actual eviction? ...

What's the best action/intention to show interest in a contract? - ANSWEREarnest money deposit. What does the 1997 taxpayer relief act do? Exclude? - ANSWERIt exempted capital gains tax of up to $500k for married couples and $250k for single people. What are the bundle of rights? DEEPC - ANSWERDisposition; Exclusion; Enjoyment; Possession; Control What happens if the owner of the dominant tenement buys the subservient tenement? - ANSWERThe easement is terminated. What is the Illinoi...

What is reversion? - ANSWERWhen the rights of ownership to a life estate go back to the person who created the life estate. What's the best action/intention to show interest in a contract? - ANSWEREarnest money deposit. What does the 1997 taxpayer relief act do? Exclude? - ANSWERIt exempted capital gains tax of up to $500k for married couples and $250k for single people. What are the bundle of rights? DEEPC - ANSWERDisposition; Exclusion; Enjoyment; Possession; Control What happens ...

400 Must Have Words for the TOEFL Exam Questions with Verified Answers 2023 abandon (v.) - CORRECT ANSWER to leave; to give up Ex: To save their lives, the sailors had to ~ the sinking ship. adversely (adj.) - CORRECT ANSWER in a harmful way; negatively Ex: Excessive rainfall early in the spring can ~ affect the planting of crops. Usage Tips: ~ is often followed by affect. aggregate (adj.) - CORRECT ANSWER gathered into or amounting to a whole Ex: It is impossible to judge last ye...

Business Law 301 (EXAM 1) Study Guide Solutions Steinberg v. Chicago Medical School - ANSWER--Steinberg sued medical school for rejecting his application on the grounds that the school didn't evaluate his and other applications according to the school's bulletin. he argued the school based its decision on nonacademic considerations (family connections, donors, etc) -Steinburg argued that by evaluating his application based on unpublished criteria, the school breached the contract it...

What is reversion? - ANSWERWhen the rights of ownership to a life estate go back to the person who created the life estate. What's the best action/intention to show interest in a contract? - ANSWEREarnest money deposit. What does the 1997 taxpayer relief act do? Exclude? - ANSWERIt exempted capital gains tax of up to $500k for married couples and $250k for single people. What are the bundle of rights? DEEPC - ANSWERDisposition; Exclusion; Enjoyment; Possession; Control What happens ...

SIE Practice Exam Questions And Answer SIE Practice Exam Which corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? - ANS Statutory voting What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allow institutional investors to trade blocks of securities directly, rather than through an exchange, providing liquidity and anonymity to buyers. -...

AVMG 5090 Exam 2 5-8 questions and answers graded A+ A real estate brokerage firm specializing in large farm and ranch properties scattered across the rural Midwest and western United States hires you to buy a suitable airplane and set up a flight department to enable the company to transport prospective buyers to view these properties. The company will make its money from real estate sales, and there will be no charge to these customers for the air transportation. You are about to buy the airc...