Parcel of land - Study guides, Class notes & Summaries

Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024 What does D.U.S.T. stand for? - answerDemand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance - answerLoan to Value Ratio (LTV) the value of a property is equal to the sum of the contributory value of each of its component parts. - answerprinciple of contribution the forces acting on a parcel of land are always affecting the value of the land - answerPRIN...

1. The lease contract stated that the renters would bring in the security deposit within five days. It is now the sixth day and the renters have not brought in the money. This is legally referred to as: - Answer- Breach 2. In dealing with the public, a licensee: - Answer- may keep silent about a material fact concerning the property if the client is the owner. d) may negotiate different commissions with different owners. 3. Escrow monies: - Answer- could include security deposits as well a...

ad valorem - Answer- According to Value The basic responsibilities of an Appraiser to all taxable property. - Answer- 1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' - Answer- Situs The type of value usually estimated by an Appraiser is the - Answer- Market Value The effective tax rate reflects the ratio between what - Answer- The current tax bill and the property value Assessment level times the tax rate equals - Answer- Th...

Key Realty Exam Questions + Answers 100% Solved What is the smallest saleable portion of a Nevada subdivision called: - Answer- Unit Which of the following are required of deeds to be enforceable: - Answer- must have the grantors signature Personal property could be: - Answer- emblements: aka crops Real property is: - Answer- transferred by deed What is it called when the government gives a parcel of real property back to a private citizen: - Answer- Cloud? A chain of title: - Answer- Li...

Texas Principles Of Real Estate II Final Exam| Questions and Answers, A+ Rated|Newly Updated 2023/2024 Written documents affecting a title to real estate are recorded: A. where the titleholder resides B. where the titleholder has legal residence C. at the county clerk's office where the property is located D. at any county clerk's office in Texas C A person appointed by a court to settle the estate of a deceased person when the executor cannot perform or refuses to perform is: A....

California Real Estate Exam 2023-2024 Multiple Choice Questions and Answers 100% Solved(RATED A+)California Real Estate Exam 2023-2024 Multiple Choice Questions and Answers 100% Solved(RATED A+)California Real Estate Exam 2023-2024 Multiple Choice Questions and Answers 100% Solved(RATED A+)California Real Estate Exam 2023-2024 Multiple Choice Questions and Answers 100% Solved(RATED A+)An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising o...

Legal Aspects of Real Estate Final Exam 2023/2024 With Complete Solutions Because the United States started as an English colony, our legal system is a mix of common law and civil law Which of the following is not one of the four main sources of law? Contract law Based on the two broad categories of law, which one covers typical cases involving contracts and property ownership? Civil law The California _________ is the highest court level and all courts in California are bound by it...

A permanent reference point of known location used by surveyors. A ________ may be a point established by a government survey team or a fixed monument such as a road right-of-way. - Correct Answer-Bench Mark A document which conveys ownership to personal property. - Correct Answer-Bill of Sale An individual or legal entity licensed to act as the agent of another in buying, selling, exchanging, renting, leasing, managing, or auctioning real estate for another. - Correct Answer-Broker Stat...

Fundamental Accounting Principles Wild Shaw 20th Edition Test Bank   Fundamental Accounting Principles Wild Shaw 20th Edition Test Bank Chapter 01 Accounting in Business True / False Questions 1. Accounting is an information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities. True False 2. Bookkeeping is the recording of transactions and events and is only ...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...