Utility easements - Study guides, Class notes & Summaries

A broker listed a residential property for 180 days. After the listing expired, the seller asked the broker to rent it out. Which of the following statements BEST describes the broker's obligations? - The broker could hire an unlicensed person to rent the property. A licensed Florida broker is doing seminars on Florida property at dinners in various places in Kansas. Some people have asked her if they can purchase the properties. Which is true regarding her need for a Kansas license? - She...

The act of showing the actual building, room, or object reduced in proportion from full-size to a smaller size is called correct answer: Scaling the drawing The instrument used to draw and measure scaled drawings is a correct answer: Architects scale To establish the limits of a measurement on the drawing use correct answer: Extension lines To check for certain practices that must be used in installing and testing a plumbing system, a plumber refers to the________ correct answer: Sp...

A broker listed a residential property for 180 days. After the listing expired, the seller asked the broker to rent it out. Which of the following statements BEST describes the broker's obligations? - The broker could hire an unlicensed person to rent the property. A licensed Florida broker is doing seminars on Florida property at dinners in various places in Kansas. Some people have asked her if they can purchase the properties. Which is true regarding her need for a Kansas license? - She...

Federal interstate land sells Full Disclosure Act - applies to all unimproved land sold interstate. If a buyer or tenant does not receive this report before signing, he may void his contract or lease Appraisers Principles to Value (9) - Highest and Best use, Principle of Substitution, Principle of Conformity, Principle of Increasing and Decreasing Returns, Principle of Contribution, The Principle of Regression, The principle of Competition, The Principle of Change, The Principle of Anticipat...

Real Estate Marketing 101 Question and answers verified to pass When accounting for possession utility what document do agents rely on to tell them whether the seller owns the property and whether there are problems with easements, judgments, or other encumbrances? - correct answer Preliminary title report (It's vital property be deliverable in the possession utility. Agents use preliminary title report to confirm owners name and all claims, easements, judgments or other encumbrances on the p...

The act of showing the actual building, room, or object reduced in proportion from full size to a smaller size is called Correct Answer: scaling the drawing The instrument used to draw and measure scaled drawings is an Correct Answer: Architect's scale To establish the limits of a measurement on a drawing, use Correct Answer: extension lines To check for certain practices that must be used in installing and testing a plumbing system, a plumber refers to the Correct Answer: specificat...

conditions upon which a joint tenancy can be made - there must be unity in time, title, interest and possession time-acquire ownership at the same time tile-acquire title from same source interest-equal interest in property possession-all owners have right to possess property An appeal can be made on a decision by the commission - it must be taken to the district court in the county where the administrative hearing was held Adverse Possession - when one person takes possession of another...

Real Estate Marketing 101 (SAE) Questions and Answers | Latest Update | 2024/2025 | Already Passed **What document do agents rely on to determine property ownership and identify potential issues like easements or judgments?** **Agents rely on the preliminary title report. This report confirms the property owner's name and outlines any claims, easements, judgments, or other encumbrances affecting the property.** **Which entities are involved in delivering the property to customers...

When reflected to the subject, the comparable property had a fireplace with a contributory value of $1,500, but lacked a half bath with a contributory value of $2,500. What was the net adjustment to the comparable? - +$1,000 When using the income approach, appraisers do NOT assume that - Future income is always more valuable than present income The opinion of value in an appraisal report is valid - as of the effective date of the appraisal only An appraisal report is NOT required to includ...

A broker listed a residential property for 180 days. After the listing expired, the seller asked the broker to rent it out. Which of the following statements BEST describes the broker's obligations? - correct answerThe broker could hire an unlicensed person to rent the property. A licensed Florida broker is doing seminars on Florida property at dinners in various places in Kansas. Some people have asked her if they can purchase the properties. Which is true regarding her need for a Kansas li...