Absolute ownership - Study guides, Class notes & Summaries
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Principles of Real Estate 1 – Champions Latest Update 100% Pass
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Principles of Real Estate 1 – Champions 
 
Latest Update 100% Pass 
 
Leasehold Estates possession and use of property without ownership 
 
Estate for years (tenancy for years) any lease with a specific starting and ending date. 
Survives the death or sale of the property 
 
Periodic Tenancy/periodic estate lease that automatically renews itself for like periods. 
example month to month. Requires notice to terminate 
 
Estate at Will Very loose agreement, terminates on death or sale of the pro...
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INDIANA REAL ESTATE EXAM
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Abandonment - Answer-The failure to occupy and use property that may result in loss of rights 
 
Abatement of Nuisance - Answer-Extinction or termination of a nuisance 
 
Abstract of Judgement - Answer-A condensation of the essential provisions of a court judgement 
 
Abstract of Title - Answer-A summary or digest of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record which ...
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Utah Real Estate Test Exam UPDATED Exam Questions and CORRECT Answers
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Utah Real Estate Test Exam UPDATED 
Exam Questions and CORRECT Answers 
The word "Ownership" means the same thing as the word 
A.Freehold 
B.Leasehold 
C.Possession 
D.Both A & C - CORRECT ANSWER- D. Both A & C 
The highest interest in real estate recognized by law is: 
A.Fee Simple Defeasible 
B.Legal Life Estate 
C.Fee Simple Absolute 
D.Fee Simple Determinable - CORRECT ANSWER- C.Fee Simple Absolute
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Bermuda Real Estate and Licensing Exam with Complete Solution Latest 2024/2025.
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Bermuda Real Estate and Licensing Exam with Complete Solution Latest 2024/2025. 
Defect/Cloud in the title - Ans Conflicting claims that prevent the absolute legal 
conveyance of CLEAR TITLE 
Period to Period is a type of leasehold that: - Ans Has no specific expiration but the 
length is specified (like a month to month lease) 
Net Lease - Ans lease in which the tenant pays some or all of the operating 
expenses of the property in addition to rent. Often commercial. 
Adverse Possession - Ans A ...
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WGU D080 Managing in a Global Business Environment 2023/2024 with complete solution Questions
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WGU D080 Managing in a Global Business Environment 2023/2024 with complete solution Questions 
AAA ratings 
The highest possible rating that may be assigned by a credit rating agency for a bond 
 
 
absolute advantage 
The ability of an individual or group to produce a good or service more efficiently than another 
 
 
absolute quota 
Quota that strictly limits the quantity of goods that may enter a country 
 
 
acquisition 
The act of taking over ownership or controlling a business 
 
 
Ad val...
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Illinois Real Estate Exam Top Graded Questions and Answers Graded A 100% Verified 2024-2025
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Fee simple - Also called fee simple absolute or indefeasible fee, this fee estate is the most complete form of ownership without limitations or conditions 
 
Life estate - Grants possession and limited ownership of the property to a person for the duration of the recipients life or the life of another person 
 
Fee simple qualified estate - Also called fee simple defeasible estate. 3 different types 
 
Few simple precedent - Ownership (title) won't pass from one person to another until a partic...
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Real Estate Exam Prep 1 Questions and Answers Rated A
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Real Estate Exam Prep 1 Questions and Answers Rated A 
A triangular lot has 78 feet of frontage. The lot is 96 feet deep. What is the square footage? 3,744 
Which is the highest form of ownership possible? 
defeasible fee 
fee simple absolute 
leasehold life estate pur autre vi fee simple absolute 
A statement that follows the words of conveyance in a deed and includes "to have and to hold" is called the 
-covenant of seizin. 
-granting clause. 
-habendum clause. -recital. habendum clause 
Wha...
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IAAO Course 101 Workbook: Chapter 1 with 100% correct answers
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Assessor 
The government official responsible for administrating the property tax system and for Establishing value for ad valorem tax purposes 
 
 
 
Requirements of the assessor 
Discovery , listing and valuation 
 
 
 
Discovery 
Location of all taxable property 
 
 
 
Listing 
Creating an inventory of the quantity, quality and important characteristics of all taxable property 
 
 
 
Valuation 
An estimate of the actual or market value of all taxable property 
 
 
 
Property tax 
Primary sour...
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Auburn ANTH-1000 Midterm 2022/2023 EDITION GUARANTEED GRADE A+
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Anthropology 
Study of the origins and development of people and their societies 
AAA's Code of Ethics 
-Do No Harm 
-Be Open and Honest About your Work 
-Obtain Informed Consent and Permissions 
-Weigh Competing Ethical Obligations 
-Make Results Accessible 
-Protect and Preserve Records 
Adaptation 
refers to the processes by which organisms cope with environmental forces and stresses 
Archaeology 
reconstructs, describes, and interprets human behavior and cultural patterns through mater...
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Maine Real Estate License Practice Exam part 3 questions with correct answers
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2. One of the types of ownership recognized in Maine is: 
 
a. Joint fee simple 
b. Fee Simple Absolute 
c. Estate for Years 
d. Free Estate CORRECT ANSWER b. Fee Simple Absolute 
 
3. Transferring real estate in Maine must: 
 
a. Be done by a lawyer 
b. Be done by written deed 
c. Be to a person at least 18 years old to be binding 
d. Be for monetary compensation CORRECT ANSWER c. Be to a person at least 18 years old to be binding 
 
4. Taking title to real estate through possession is ca...
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