Periodic tenancy - Study guides, Class notes & Summaries

CHAPTER 10 Bundle of Rights sticks metaphor owner = entire bundle of sticks renter = only a few sticks possession, use, control, exclusion, transfer Brainpower Read More Property Rights the legal rights that a person has over a piece of real property Real Property The legal interests in land and things attached to or growing on land ex: part of the earth’s surface, buildings, fences, and trees used to describe the legal rights that a person can have in real...

National Real Estate Exam - Guide to Pearson Vue Book Latest Update Graded A+ The phrase definite duration refers to: An estate for years A lease that automatically renews itself, in the absence of notice, is: A periodic tenancy A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 $66,666 A requirement of a valid deed is that the deed be: Signed by the grantor To locate buyers for other properties, a broker advert...

MO REAL ESTATE EXAM SMART EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ Under a Listing agreement, who would be the client? The Salesperson The broker The Seller They Buyer - -The Seller A property was sold by a foreclosure sale. The sale did not produce enough money to satisfy all the debts on the property. What could the creditor who weren't paid now file? A deed in lieu of foreclosure An estoppel certificate A deficiency judgement A blanket Mortgage - -A deficien...

Bundle of rights - ANSWER-PUTEE - Possession, Use, Transfer, Exclusion, Encumbrance Real property - ANSWER-Real estate (land + manmade attachments) + bundle of rights Legal Title - ANSWER-Full ownership of property + bundle of rights Equitable Title - ANSWER-Interest that gives the buyer the right to acquire legal title to a property if certain contractual conditions occur. Homestead - ANSWER-Rights to principal residence Fee simple - ANSWER-Highest form of ownership interest - no...

Sales General Exam - Stringham Real Estate School Questions With 100% Verified Answers. A particular parcel was zoned residential, single family and was surrounded by others zoned the same. That parcel was rezoned commercial so a convenience store could be built. This is an example of: a) Legal non-conforming use b) Defeasible fee estate c) Spot Zoning d) Variance - answerc) Spot Zoning Z listed the property. When the buyers expressed interest in seeing it, Z disclosed they would have...

Hawaii Real Estate Review Quiz 2 Guaranteed Success Under a net lease, a tenant is least likely to pay A) Taxes B) Utilities C) Insurance D) Mortgage amortization ️D) Mortgage amortization A recapture clause is usually used in what type of lease A) Net Lease B) Gross Lease C) Percentage Lease D) Business Lease ️C) Percentage Lease Under Hawaii's Land Use Code, land is classified into Urban, Agricultural, and Rural and A) Commercial B) Industrail C) Conservation ...

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 - correct answer Rights to principal residence Fee simple - correc...

What is a tax allocation district? A district where property is charged a higher property tax in order to build infrastructure for that area Which of the following is a factor that affects accessibility? a. Continuity Incorrect b. Mobility substitutes c. Air superiority d. Matriculation Mobility substitutes Predatory loans often have fees that cost more than... 5% of the total amount of a loan. Under the veteran loan program, a veteran that purchases a property must make the property his...

Principles of Real Estate Final Exam With 100% Correct Answers 1. One of the elements of a valid contract is mutual consent—an offer and an acceptance. A contract becomes binding between the seller and the buyer when the: a. buyer signs the counteroffer. b. broker is notified of the seller's acceptance. c. offer is accepted by the broker. d. buyer is notified of the seller's acceptance. - answera. buyer signs the counteroffer. 2. What type of development combines the individual owner...

Types of Tenancies correct answer: For Years - has a start date and an end date. If the lease starts on a day and is for a period of time, its one of these. Periodic - Can't have start and end date. "Month to month", so period-to-period. Not real common to be tested, but you want to say at end of tenancy for years, if there is a hold over tenant, the landlord can bind tenant to periodic tenancy. At Will - exactly what name denotes, can be cancelled at any time by either party. Terminates o...