Estate in severalty - Study guides, Class notes & Summaries
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Superior Real Estate School Exam with correct Answers
- Exam (elaborations) • 39 pages • 2024
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Superior Real Estate School Exam with correct Answers 
All of the following are physical characteristics of land except: 
A. Indestructibility 
B. Uniqueness 
C. Immobility 
D. Scarcity -Answer-D. Scarcity 
Under the doctrine of specific performance, the party harmed by breach of a real estate contract 
can ask a judge to force the breaching party to carry out the terms of the contract rather than 
order the breaching party to pay monetary damages. Which physical characteristic of land is the 
b...
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PSI Real Estate Salesperson Exam (Latest 2023/ 2024) 100% Correct| Questions and Verified Answers| Grade A
- Exam (elaborations) • 22 pages • 2023
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PSI Real Estate Salesperson Exam (Latest 2023/ 2024) 100% Correct| Questions and Verified Answers| Grade A 
 
Q: Which of the following statements does NOT correctly describe a legal life estate? 
 
1. During his or her life estate the life tenant is generally answerable to the holder of the future interest. 
2. The life tenant may not commit any acts that would permanently injure the property. 
3. There may be a reversionary interest. 
4. There may be a remainder interest. 
 
 
Answer: 
1. Duri...
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NJ Title Producer Title Final Exam with Complete Solutions "
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NJ Title Producer Title Final Exam with 
Complete Solutions 
"A" and "B" bought a house as tenants in common. If "A" dies which of the following 
statements about ownership of the house is correct? 
A) It automatically becomes tenancy in severalty. 
B) It is divided, with B retaining their original interest and the balance going to A's estate. 
C) B holds fee simple ownership to A's share of the property 
D) B holds a life estate ownership to A's share of the property Correct answer B...
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Tennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% CORRECT
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Tennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% CORRECTTennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% CORRECTTennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% CORRECT 
A corporation is - ANSWER-a legal entity that can buy and sell real estate as set out in its charter. 
 
Ownership in severalty is - ANSWER-property owned by one individual or corporation. 
 
A house is owned by three joint tenants, and one of the owners, as permi...
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NJ Title Insurance Producer Final Exam Set with Q&A
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NJ Title Insurance Producer Final Exam 
Set with Q&A 
"A" and "B" bought a house as tenants in common. If "A" dies which of the following 
statements about ownership of the house is correct? 
A) It automatically becomes tenancy in severalty. 
B) It is divided, with B retaining their original interest and the balance going to A's 
estate. 
C) B holds fee simple ownership to A's share of the property 
D) B holds a life estate ownership to A's share of the property - CORRECT ANSWER-B) ...
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Tennessee National Portion REAL ESTATE EXAM Questions with 100% Correct Answers | Updated & Verified | 2024
- Exam (elaborations) • 179 pages • 2024
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A corporation is a legal entity that can buy and sell real estate as set out in its charter. 
Ownership in severalty is property owned by one individual or corporation. 
A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that 
interest to a new owner. The result is a tenancy in common between the new owner and the 
remaining joint tenants
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NC real estate broker pre-licensing exam Questions and Answers!
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NC real estate broker pre-licensing exam Questions and Answers! 
 
 
Syndication - ANSWER Two or more forms joining together as an entity to own real estate 
 
Estate in severalty - ANSWER Ownership by one individual 
 
Concurrent ownership - ANSWER Two or more persons share ownership with undivided interests 
 
Tenancy in common - ANSWER Co-ownership without right of survivorship to other owners 
 
Police power - ANSWER The broad right of the government to place reasonable restrictions on the u...
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Maine Real Estate Exam questions well answered rated A+
- Exam (elaborations) • 30 pages • 2023
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Maine Real Estate ExamThe purpose of the Maine Real Estate Commission is to: 
 
 
A. Sanction licensees who break the law. 
 
B. Promote public understanding and confidence in the business of real estate brokerage. 
 
C. Make laws that govern the practice of real estate in Maine. 
 
D. Refer all violations of real estate law to the state's Attorney General. - correct answer B. Promote public understanding and confidence in the business of real estate brokerage. 
 
The Maine Real Estate Commiss...
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Texas Principles of Real Estate 1 (2023/ 2024) Exam | Guide with Questions and Verified Answers| 100% Correct
- Exam (elaborations) • 35 pages • 2023
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Texas Principles of Real Estate 1 (2023/ 2024) Exam | Guide with Questions and Verified Answers| 100% Correct 
 
Q: curtsey rights 
 
 
Answer: 
right a husband has to his wifes estate upon her death 
 
 
 
Q: fee simple defeasable 
 
 
Answer: 
a gift of land by a person or GRANTOR 
 
 
 
Q: Life Estate 
 
 
Answer: 
an estate in land for the duration of someones life (always a gift of land/ real estate) 
 
 
 
Q: Homestead 
 
 
Answer: 
Texas is a Homestead State. The property that you own an...
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Study Set Questions and Answers for Dubai RERA Broker Exam 2024
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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...
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