Tenancy by the entirety - Study guides, Class notes & Summaries

The earth's surface extending downward to the center of the earth and upward into space, including all things permanently attached, is known as: A) Real Property B) Real Estate C) Land D) A bundle of legal rights - D) A bundle of legal rights Moveable objects, which are not considered real estate, are known as: A) Real property B) Personal property C) Fixtures D) Emblements - B) Personal Property The permanent right to use another's land for the benefit of a neighboring parcel is kn...

National Real Estate Exam Portion for Ohio Latest Update Graded A+ Tenancy at Will No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants in common Ownership where tenants could have different amounts of ownership. If passed away heir will take over the undivided ownership (no survivorship) Joint Tenants 2 or more people own equal righ...

Basic Appraisal Principles Study Guide Rated A+ 4 factors of value - Utility - Scarcity - Desire - Effective Purchasing Power 4 Factors of Production - Capital - Entrepreneurial Coordination - Land - Labor Forces that influence real property markets - Social Forces - Economic circumstances - Governmental controls and regulations - Environmental Conditions Life Cycle of a Market Area - Growth - Stability - Decline - Revitalization Bundle of Rights - Right to sell - Right to lease - Right to ...

National Real Estate Exam Portion for Ohio Questions & Answers 2023-24 Tenancy at Will - ANSWER-No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance - ANSWER-Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants in common - ANSWER-Ownership where tenants could have different amounts of ownership. If passed away heir will take over the undivided ownership (no survivorship) Joint Te...

PSI NATIONAL REAL ESTATE QUESTIONS AND ANSWERS ALREADY PASSED A legal description in land that includes language like "the old oak tree" or "the big rock" would be Metes and bounds As a licensee is showing a property contiguous to a lake, the licensee notices that the lake has a large amount of algae. The buyer wishes to make an offer. What should the licensee do? Encourage the buyer to have an authoritative party investigate the algae growth. All the following are protecte...

Maryland Real Estate Exam Question and answers rated A+ 2024 Maryland Real Estate Exam Upon death of either spouse, the form of ownership converts to tenancy in common. - correct answer Which of the following statements about tenancy by the entirety in Maryland is FALSE? order in which they are filed or recorded. - correct answer Normally, the priority of general liens is determined by the Seek a deficiency judgment - correct answer After a borrower's default on home mortgage loa...

FINAL EXAM - Real Estate Principles acWhen discussing the concept of total square footage with your client, what is the BEST way to describe how the total square footage is measured? A. Total area of the property measured from the inside walls of the home. B. Total Area Under Roof (TAUR) C. Measure all square footage of included real property, including both attached and detached structures. D. Living area square footage only. - ANSWER Correct!! Answer: Total Area Under Roof (TAUR) ...

NC real estate broker pre-licensing exam Syndication -Answer-Two or more forms joining together as an entity to own real estate Estate in severalty -Answer-Ownership by one individual Concurrent ownership -Answer-Two or more persons share ownership with undivided interests Tenancy in common -Answer-Co-ownership without right of survivorship to other owners Police power -Answer-The broad right of the government to place reasonable restrictions on the use of privately held land Easement -An...

PSI REAL ESTATE SALESPERSON EXAM 1| ACTUAL EXAM ANSWERED 100% CORRECTLY| LATEST 2024 PSI REAL ESTATE SALESPERSON EXAM 1| ACTUAL EXAM ANSWERED 100% CORRECTLY| LATEST 2024 Which of the following would NOT be considered Real Property? 1. Mineral Rights 2. A Leasehold Estate 3. Fixtures 4. Air 2. A Leasehold Estate The servient estate in an easement appurtenant is the property 1. owned by the landlord 2. on which the easement is placed 3. owned by the tenant 4. that benefits from the...

Florida Real Estate Exam Questions With 100% Verified Answers. Samuel wants to do a 1031 exchange. He sold his investment property and has identified the property he'd like to buy next. Within how many days must he close on this property in order for it to qualify as part of the exchange? - answera. 180 b. 30 c.45 d.60 a. He has 45 days to identify a property he would like to purchase and 180 days to close on it, from time of sale. In which form of co-ownership is a person's ownershi...