Transfer of lands act Study guides, Class notes & Summaries

California Broker Real Estate Exam Questions Rated A+ Broker A receives two offers on Seller B's house, which is listed for sale at $250,000. The first offer is for all cash at $200,000. The second offer is for 20% down with 80% financing for the full price. What should the broker do with respect to both offers? ️Present both offers to the seller as soon as possible. The two primary documents dealing with payment of a loan are the mortgage or deed of trust and a ️promissory note. ...

Principles of Real Estate Exam With 100% Correct Answers 2024 Items of personal property that are attached or incorporated into the land in such a manner as to become real property are called: - answerfixtures Anything attached to the land, such as buildings, fences, walls, walks and shrubs, are called: - answerimprovements Township lines divide the land into a series of east-west strips called: - answertiers An area of land that contains 43,560 sq feet is called: - answeran acre Which o...

Humber Real Estate - Course 1, Module 4 All Answers Correct - "Individual parcel" (referenced by a Property Identification Number or PIN) - Individual name - Municipal address - Mapping - Registered instrument number - Condominium plan - Plan of Subdivision ️POLARIS permits the user to find property by what information? - A title is transferred - A property is mortgaged - An easement is registered - Every transaction by a salesperson (i.e. in the listing & Agreement of Purchase and Sale) ️...

Exam For Texas Real Estate Principles 1 Questions and Answers 2024 There are seven sources of law in the United States, What would be an example of them? Local zoning laws, FHA/VA regulations, court decisions Laws passed by Congress and various other various state legislatures may Authorize agencies to pass rules and regulations to enforce the provisions of law The legal concept of precedent Grew out of common law Constitutional provisions Establish the rights of citizens and delineate...

Arkansas real estate questions and answers already graded A Broker a person who is paid to buy and sell for someone else Licensee A person who has satisfied the requirements of a licensing agency, as authorized by state legislation. Who can perform brokerage activities on behalf of the broker. Appraisals Process of developing an opinion of a property's market value. Property manager A person or company hired to maintain and manage property on behalf of the property owner Financing Is the bu...

AICE Environmental Management Exam Questions With 100% Correct Answers Surface Water - answerAll the bodies of fresh water that are found above the ground. River Basin - answerA flowing network of rivers and streams draining a river basin. Watershed - answerThe area of land that is drained by a water system. Groundwater - answerThe water that is beneath the Earth's surface. Aquifer - answerIs a body or rock or sediment that stores groundwater and allows the flow of groundwater. Porosity...

PA Certified Evaluator Latest Update Graded A+ Depreciation loss in value from cost new from all causes for property having a limited economic life. (a) Loss due to wear and tear (b) Presence of features that are deficient (c) Excessive, currently undesirable (d) External factors causing loss in value Accrued Depreciation the total depreciation from all causes taken on an asset from the time of purchase to the present External Obsolescence loss in value as a result of impairment in utility and...

AICE Environmental Management Exam Questions With 100% Correct Answers Surface Water - answerAll the bodies of fresh water that are found above the ground. River Basin - answerA flowing network of rivers and streams draining a river basin. Watershed - answerThe area of land that is drained by a water system. Groundwater - answerThe water that is beneath the Earth's surface. Aquifer - answerIs a body or rock or sediment that stores groundwater and allows the flow of groundwater. Porosity...

2 most important organic chemical sources: - 1. Improper disposal of industrial and household wastes. 2. Runoff of pesticides from fields, roadsides, golf courses, and lawns. Aquifers - Porous layers of sand, gravel, or rock lying below the water table. Artesian - Pressurized aquifer intersects the surface (water flows without pumping). Atmospheric Deposition - Contaminants carried by air currents and precipitated into watersheds or directly onto surface waters as rain, snow, or dry partic...

A C.L.U.E. report advises a consumer on: - up to seven years of claims history on a property A contract must have a legal purpose in order to be: - enforceable A contraction or generally slowing down of the economy is a: - Recession. A counteroffer is: - a rejection of the original offer A license holder is not liable for a misrepresentation or a concealment of a material fact made by a party to a real estate transaction unless the license holder: - knew of the misrepresentation or conceal...