Habendum clause - Study guides, Class notes & Summaries

Colibri Real Estate (Updated) 178 Questions And Answers Rated A+ 2023 1. In real estate, which of the following is correct about the term "title?": The term title is a concept referencing the rights associated with ownership. 2. Taxes and insurance are often prepaid at closing to establish the escrow account. On which page of the Closing Disclosure form will the buyer see an accounting of the escrow account set up?: Page two, under other costs On page two of the form, other costs ar...

3. In real estate, which of the following is correct about the term "title?" - correct answer Taxes and insurance are often prepaid at closing to establish the escrow account. On which page of the Closing Disclosure form will the buyer see an accounting of the escrow account set up? - correct answer Page two, under other costs On page two of the form, other costs are itemized for buyers and sellers. Taxes, prepaids, and initial escrow payment at closing - usually two months' worth, are...

ASREB Practice Exam Questions with 100% Correct Solutions A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 - Correct Answer ️️ -b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not - Correct Answer ️️ -c. gives no indication that the property i...

Habendum Clause correct answers That part of a deed beginning with the words "to have and to hold," following the granting clause and defining the extent of ownership the grantor is conveying. Bargain and Sale Deed correct answers A deed that carries with it no warranties against liens or other encumbrances but that does imply that the grantor has the right to convey title. The grantor may add warranties to the deed at his or her discretion General or Full Warranty Deed correct answers A...

NYREI Exam Questions with Correct Answers easements - Answer--right to use another persons real property for a particular service -ROW -right of way --> an easement that grants access to property easements in gross - Answer--involves a specific parcel of land -benefits a person or company (dominant tenant) -burdened land is called servient Easements appurtenant - Answer-Involves 2 separately deeded parcels that are owned by different parties. Affirmative- allows someone to d...

An undivided share of the whole, plus "survivorship" rights (restricts inheritance to heirs of the last surviving owner)• Not available in every state - joint tenancy -Mortgage-Leases-Mechanics Liens-Private Deed Restrictions. are all known as - title encumbrances -Name grantor and grantee -Dated and signed -Consideration -Words of conveyance -Delivery -Receipt of delivery - requirements of a deed -Pay for specific improvements - a new alley, new utilities to the home, new sidewal...

Arizona Real Estate Practice Questions, Exam Questions and answer/ Within how many days after property transfer shall a buyer submit a completed transfer form and file with ADEQ - -15 days An example of involuntary alienation is where title to real estate passes by: - -Sheriff's deed What event will create an involuntary life estate? - -Dower interest becoming cohate A valid warranty deed must contain all of the following elements, except: - -Signed by grantee The clause in a deed whic...

Within how many days after property transfer shall a buyer submit a completed transfer form and file with ADEQ 15 days An example of involuntary alienation is where title to real estate passes by: Sheriff's deed What event will create an involuntary life estate? Dower interest becoming cohate A valid warranty deed must contain all of the following elements, except: Signed by grantee The clause in a deed which sets forth or limits the extent of the interests in the title being convey...

ASREB Practice Exam, Sessions 1-18, Study Guide with Complete Solutions ASREB - Correct Answer ️️ - A 3.45-acre lot sells for 50 cents per square foot. What is the selling price? A) $37,570 B) $75,141 C) $76,230 D) $78,712 - Correct Answer ️️ -B 3.45 acres x 43,560 = 150,282 SF 150,282 SF x $0.50 = $75,141 A blind ad refers to an ad that A) provides no price. B) provides no address. C) gives no indication that the property is listed with a broker. D) gives no indication tha...

Arizona Real Estate Practice Questions & answers/ Graded A+ Within how many days after property transfer shall a buyer submit a completed transfer form and file with ADEQ - -15 days An example of involuntary alienation is where title to real estate passes by: - -Sheriff's deed What event will create an involuntary life estate? - -Dower interest becoming cohate A valid warranty deed must contain all of the following elements, except: - -Signed by grantee The clause in a deed which sets f...