Deed restrictions - Study guides, Class notes & Summaries

Which of the following is most vital or important in planning a subdivision: - ANSWER-Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWER-Percentage Lease What is not an adequate method of transferring property? - ANSWER-Executive Sale What is considered personal property? - ANSWER-Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value...

Purpose of a community assocation to provide for the community, business, & governance aspects of the association. This is achieved by administering, maintaining, & enhancing a residential real estate development, and through the establishment of a system of property rights, binding covenants & restrictions, & rules & regulations. Declaration, CC&Rs, master deed Declaration brings the condo or planned community into existence because it spells out the essential elements of ownership By...

Notary Exam 2023 Practice Questions with Verified Solutions If a Notary identifies a signer through proper ID but forgets to put the information in her journal, she would be fined for? 750 Aaron has filed his Oath of Office and bond with the county recorder's office where he holds his principal place of business. Aaron is under oath for the duration of his commission to follow all Notary laws as a result. If Arron falsifies a statement, verbally or in writing, he may be found guilty of: Forge...

Title Theory (Ans- lender owns, borrower has equitable title Hypothecation (Ans- pledging property as collateral for a loan without giving up possession Mortgagee (Ans- Lender Mortgagor (Ans- borrower Non Judicial foreclosure (Ans- *CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after 125 days Strict foreclosure (Ans- No sale. Full legal title given to lender, loss of equity for borrower Judicial foreclosure (Ans-...

The power of a given commodity to satisfy a need or want is called __________________. - Answer-Utility The development of a vacant land area is _____________ the highest and best use of the land. - Answer-Not Always The Consistent-Use Theory says the _______________ must all be valued considering the same highest and best use of the property - Answer-Land and the Buildings ________________ involves subdividing the larger market into a workable study area. - Answer-Market Identification...

COLORADO REAL ESTATE EXAM PREP EXAM REVIEW QUESTIONS AND ANSWERS. VERIFIED. Title Theory - -lender owns, borrower has equitable title Hypothecation - -pledging property as collateral for a loan without giving up possession Mortgagee - -Lender Mortgagor - -borrower Non Judicial foreclosure - -*CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after 125 days Strict foreclosure - -No sale. Full legal title given to lender, loss of equity for b...

Principle meridian - Answer-The north-south lines separating townships 5 ways to acquire property - Answer-Occupancy Accession Transfer Will Succession Escrow agent - Answer-any person engaged in the business of receiving escrows for deposit or delivery Metes and bounds - Answer-A method of land description which involves identifying distances and directions and makes use of both the physical boundaries and measurements of the land. Occupancy - Answer-Openly and hostile for more than 5 ...

Residential Market Analysis and Highest & Best Use Questions and Answers Already Passed The power of a given commodity to satisfy a need or want is called __________________. Utility The development of a vacant land area is _____________ the highest and best use of the land. Not Always The Consistent-Use Theory says the _______________ must all be valued considering the same highest and best use of the property Land and the Buildings ________________ involves subdividing the l...

PSI BROKER EXAM PREP EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. A buyer has the right to buy a property at an agreed-upon price within the next six months. This is a(n) - -an option A leasehold estate that does NOT require notice to terminate is called a(n) - -an estate for years The broker and the seller both know that the foundation of the seller's house is unsafe. If they do not inform the buyer of this condition, then the contract is - -voidable A contract that has bee...

What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? - Answer Your personal address What is the cost of the indi...