Trade fixtures Study guides, Class notes & Summaries

Which of the following is NOT a specific lien? a. an unrecorded mortgage b. a mechanic's lien c. a judgement lien d. a blanket mortgage - c. a judgement lien Which of the following is NOT an encumbrance on real property? a. lease b. easement c. homestead right d. restrictive convenant - c. homestead right Which of the following is NOT an appurtenance? a. easement right b. mineral right c. water rights d. trade fixtures - d. trade fixtures

Barney Fletcher Real Estate Exam 2024 with Complete Solutions. False - ANSWER-Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? D - ANSWER-Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed C - ANSWER-Which of the following is NOT an improvement of land? A. Building B. Sid...

NATIONAL REAL ESTATE EXAM PRACTICE TEST Answered 100% Correctly 2024 In most cases, broker compensation, as a percentage of home price, falls somewhere between: 5-7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act What happens to trade fixtures after a business moves out of a leased p...

Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions. Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? - False Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed - D Which of the following is NOT an improvement of land? A. Building B. ...

OREC Final Kevo Questions and Answers Graded A+ The real estate market may be described in all of the following ways EXCEPT: free market. local market. moveable market. market that is slow to react to change in supply and demand. C. moveable market The provisions of the Oklahoma Real Estate License Code originate in the state legislature. The agency created in 1950 to administer and enforce the Code is the: National Association of REALTORS®. Association of Real Estate Lice...

After purchasing a home, the new owner applies for a building permit to add another bedroom and bath. The city building department requires a $1,000 application fee and refuses to issue the permit until acceptable plans are submitted showing that the project meets all construction codes. How does this building department requirement conflict with the basic bundle of rights? - Answer- Requiring an applications fee and a set of approved plans infringes on the right to use and the right to enjoy by...

Which of the following is personal property? A. appurtenances B. fixtures C. trade fixtures D. shrubbery - Answer trade fixtures Which is NOT an example of an attachment? A. a basketball hoop that is moved into the garage in the winter B. a greenhouse that is built off the garage C. the lily pond in the backyard Japanese garden D. uncut roses on a rose bush planted by the back door - Answer a basketball hoop that is moved into the garage in the winter

Pearson Vue National exam prep Real Estate, Questions And Correct Answers With Complete Verified Solutions Appurtenance including rights, privileges, and fixture Fixtures items attached to improvements with the intent to become real estate. Evident by the following: attachment/annexation, adaptation, or agreement. Transfer via a deed UNLESS they contract excludes them Emblements (crops) are exceptions. Trade fixtures are also exceptions Land and all appurtenances transfer via de...

Module 1: Hawaii Pre-Licensing Real Estate Class Questions and Answers 100% Pass In real estate, the term improvements most nearly means: A) Fences, wells, drains and roadways. B) Additions to the original structure. C) Everything artificial or constructed except the land. D) Upgrades to the interior. - Correct Answer ️️ -C) Everything artificial or constructed except the land. All real estate except land. Includes buildings, fixtures, fences, curbs, sewers, etc. A riparian owner is...

Illinois Real Estate Leasing Agent Exam Questions and Answers 100% AccurateIllinois Real Estate Leasing Agent Exam Questions and Answers 100% AccurateIllinois Real Estate Leasing Agent Exam Questions and Answers 100% AccurateIllinois Real Estate Leasing Agent Exam Questions and Answers 100% Accurate Chattels - ANSWERitems of personal property (chairs, tables, trade fixtures, etc.) Manufactured Housing - ANSWERdwellings built off-site and trucked to a lot to be assembled (ex: mobile homes) ...