Subsurface rights - Study guides, Class notes & Summaries

Principles and Practices of Hawaiian Real Estate Exam Questions and Answers 100% pass All of the following are synonymous with land improvements and rights therein except: A) Real estate B) Real property C) Realtor D) Realty - Correct Answer ️️ -C In real estate, the term "improvements" most nearly means: A) Fences, wells, drains and roadways B) Additions to the original structure C) Everything tangible except the land D) Outbuildings - Correct Answer ️️ -C The right of ow...

"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - Answer-mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - Answer-A The public restriction on property rights that allows the government to place a lien on a p...

Oklahoma Real Estate Exam PSI Questions and Answers 100% Pass Real Property or "Realty land along with its improvements Real property and what are generally synonymous? Real Estate (Real Property is the preferred term when distinguishing between Personal Property.) Estate generally, everything one owns Land earths surface, subsurface to the center of the earth, the space overhead, and the rights to each Improvements Additions to property that increase its value or enhance its ...

Maine Real Estate Final Exam 2023-2024 Questions and Answers 100% CorrectMaine Real Estate Final Exam 2023-2024 Questions and Answers 100% CorrectMaine Real Estate Final Exam 2023-2024 Questions and Answers 100% CorrectMaine Real Estate Final Exam 2023-2024 Questions and Answers 100% Correct An adequate legal description of real estate is one: - ANSWER-by which a reasonable person can determine what property is described - the legal description is legally "adequate" if a reasonable person cou...

Property Management Mock Exam Question and answers correctly solved 2024/2025 Property Management Mock Exam #4 The demand for professional property management around the end of the nineteenth century resulted primarily from - correct answer the invention of the high-speed elevator---Also steel framed buildings, development of suburban areas and investment opportunities. What organization awards the designation Certified Property Manager (CPM)? - correct answer Institute of Real Estate...

3 phases of 2007 collapse - 1. mortgage 2. financial crisis 3. recession 1. identify the tangible assets of land and buildings 2. denote the bundle of rights associated with the ownership of property 3. activities related to the acquisition, operation, disposition of physical assets - 3 ways to describe "Real Estate" poorly built real estate and the effects of decisions in real estate last a long time - durability real estate gets added to the market in relatively large chunks, hard to...

Utah Real Estate Class Arti Latest 2024 Chapter 1 Affixed Typically in reference to mineral, water, or surface rights, resources that go with the property are affixed. Annexation The process of personal property becoming real property. With reference to subsurface rights, annexation is adding water or mineral rights to the property. Legal tests include method of annexation, adaptability, relationship of the parties. Appurtenance Something that comes with real property. Water or a...

N.C. Real estate pre-licensing exam with correct answers 100% Real property -Answer-Land & everything that is permanetly attached to the land & everything that is appurtenant to the land Personal property (personalty) -Answer-All propery that doesn't fit the definition of real property. CHATTLES are moveable Land -Answer-The earth's surface extending downwards to the center of the earth & upward to infinity Real estate (realty) -Answer-Land at, above, or below the earth's surface, inc...

Land - Answer-The physical property and any natural objects on it - like trees and bodies of water, often referred to as a "lot', "site", or "parcel". Real estate - Answer-generally refers to land with permanent manmade improvements. Real property - Answer-refers not only to the land and its improvements, but also the bundle of rights, powers, and privileges ("bundle of rights") that are legally connected to ownership of that land. Transferred by deed. Tangible rights - Answer-b...

REE 3043 REVIEW QUESTIONS WITH REVISED CORRECT ANSWERS Nonrecurring Expenses - Answer-Leasing commissions, tenant improvements, retenanting expenses A project's NOI is calculated by: - Answer-deducting all expenses and allowances from the property's effective gross income The capitalization rate found by dividing the NOI of a property by its selling price takes into account investor's future cash flows - Answer-true The allowance known as the reserve for replacements and other nonr...