Condemnation Study guides, Class notes & Summaries

A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called - correct answer a contract Antitrust laws prohibit competing brokers from all of the following - correct answer 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, the cost will probably be shared by - correct answer all current owners of ...

Basic Appraisal Principles Questions and Answers Already Passed When are appraisers needed? to set asking/offering prices, settle estates, refinance, divorce, taxes, rental rates, valuation, condemnation & foreclosure Appraiser One who is expected to perform valuation services competently & in a manner that is independent, impartial & objective. Attributes of an Appraiser competent, independent, impartial, objective, prompt, organized, educated, honest & diligent Appraiser must be knowledgeab...

Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions Graded A+ 312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be ...

Equal Protection - ANS A right guaranteed by the Fourteenth Amendment to the US Constitution, wherein "no state shall deny a person" this right. It required the state to apply the same laws to all citizens. Due Process - ANS necessary procedural requirements that government agencies must follow to take action against parties in violation of applicable laws Statutes - ANS laws enacted by either the state or the federal legislature Ordinances - ANS Laws enacted by local governm...

This generally refers to a governmental entity's legal authority to force a private landowner to sell his or her real property for public use. A) Condemnation B) Taxation C) Police power D) Eminent domain - correct answer D) Eminent domain Precedents are determined by: A) Statutory Law B) Case law C) TRELA D) DTPA - correct answer Wrong A) Statutory Law? This estate may be terminated at will of either party. It has no duration limitation. A) Estate at will B)...

Texas Real Estate Final Exam (2023/2024) 100% Correct Personal property may become real property by the process of: a. devise. b. reliction. c. attachment. d. alienation. C. Attachment If a property generates a negative cash flow, in order to be an attractive investment to a prospective purchaser: a. there must be a substantial down payment. b. there must be a large depreciable base. c. there must be a substantial increase in property value. d. there must be little deferred maintena...

2024 LAW AND PRACTICE VAN ED FINAL EXAM Questions and 100% Verified Answers. 1. A loan whose payments do not fully liquidate the loan and thus requires a large final payment, is known as Partially amortized loan Term loan Growing equity mortgage Graduated payment mortgage: 1. Partially amortized loan - Repays partially, the part of the loan that hasn't been repaid yet is called a balloon payment Graduated/Growing - accelerate repayment of their fixed-rate mortgage by sched- uling ...

When the agency relationship has been terminated, the licensee is no longer considered the principal's agent but still owes which of the following duties to the principal? - ️️Accounting Which of the following may not involuntarily terminate an agency relationship? - ️️Expiration of the agreement term When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who shows the listed property automatically becomes - ️️A subagent An agency relationship ...

When can interest costs for an asset be capitalized? - ANSWER-When assets are being prepared for its intended use Which method should be used to handle indirect costs of self-constructed assets? - ANSWER-Assigning a pro rata portion of all overhead to the asset A company purchases land for development into a subdivision. The land has a factory building on it that will need to be demolished. Where should the interest costs be allocated? - ANSWER-Cost of the land In which situation can c...

Basic Appraisal Procedures- FINAL EXAM Questions and Answers 100% Pass The most common heating systems in residential construction today are -hot water -heat pumps -forced warm air -electric radiant hot water A _______________ home has a permanent steel chassis, wheels and axles. -panelized -modular -pre-cut -manufactured manufactured "The total period a building lasts or is expected to last..." is the definition of _________ life. -useful -expected -real -physical physical "The ...