Parcel of land - Study guides, Class notes & Summaries

All of the following include a real estate interest except: A. Apple trees B. Farm equipment C. Air rights D. Barns - ANSWER-B. Farm equipment An owner of a 90 acre parcel of land wishes to split the land without platting. Under the michigan land devision act, how many parcels may this owner get if he does not create any new roads? A. 12 B. 14 C. 10 D. 8 - ANSWER-A. 12 In estimating the value of a single-family home, an appraiser would most likely use which approach? A. Income B....

California Real Estate Exam 2023-2024 Questions and Answers 100% Solved(GRADED A)California Real Estate Exam 2023-2024 Questions and Answers 100% Solved(GRADED A)California Real Estate Exam 2023-2024 Questions and Answers 100% Solved(GRADED A)California Real Estate Exam 2023-2024 Questions and Answers 100% Solved(GRADED A)In reference to Property Taxes, "basis" or "cost" is - ANSWER-Purchase price of prop plus cost of improvements. How is a condominium unit owned? - ANSWER-Separate intere...

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...

Superior Real Estate School: Study for Retake Pre-Licensing Course Exam| Question and Answers, 100% Correct| Latest 2024 Superior Real Estate School: Study for Retake Pre-Licensing Course Exam| Question and Answers, 100% Correct| Latest 2024 Designated agency in North Carolina is considered: I. A form of dual agency II. Mandatory if you practice dual agency A. I only B. II only C. Both I and II D. Neither I nor II A. I only Designated agency can be practiced: I. Between two fir...

abstract of title - Answer The condensed history of a title to a particular parcel of real estate abutting - Answer neighboring land with a common boundary acceleration clause - Answer clause in a note or mortgage that can be enforced to make the entire debt due immediately if mortgagor defaults accession - Answer acquisition of land by deposits from an adjoining stream; also the acquisition of fixtures or improvements built on one's land by another accessory (apartment)...

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...

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...

Colibri Review Exam Questions and Complete Solutions Under normal circumstances, what is the maximum number of years a commissioner may serve? - Answer: 6 Which of the following terms is defined herein: "Every interest or estate in real property including but not limited to freeholds, leaseholds and interests in condominiums, town houses or planned unit developments, whether corporeal or incorporeal, and whether the real property is situated in Nevada or elsewhere"? - Answer: Real Estate...

Gold Coast real estate 63 hour course test with correct answers one acre equals - Correct Answer 43,560 square feet One mile is how many feet - Correct Answer 5280 feet Plat or recorded plat is also known as - Correct Answer Lot and block Assessor's parcel number (APN) is - Correct Answer A number that is assigned to a parcel of real property by a county property assessor to uniquely identify that property within the jurisdiction. Township - Correct Answer Is 6 m...