Accretion answer - Study guides, Class notes & Summaries

Superior Real Estate School Exam with Correct Solutions 2024 All of the following are physical characteristics of land except: A. Indestructibility B. Uniqueness C. Immobility D. Scarcity - Answer -D. Scarcity Under the doctrine of specific performance, the party harmed by breach of a real estate contract can ask a judge to force the breaching party to carry out the terms of the contract rather than order the breaching party to pay monetary damages. Which physical characteristic of land...

PSI PA REAL ESTATE LICENSING EXAM || With Complete Questions & Answers (Rated A+) PSI PA REAL ESTATE LICENSING EXAM || With Complete Questions & Answers (Rated A+) Define the term brokerage - ANSWER-the business practice of bringing together the parties in a transaction condemnation - ANSWER-the right to legally start eminent domain - ANSWER-the right of government to take private property for public use bundle of rights - ANSWER-disposition, exclusion, enjoyment, possession, contro...

Colorado Law and Practice - Real Estate Questions and Answers 100% Pass Real Property - Correct Answer ️️ -- Land plus appurtenances. - Man-made appurtenances. - Natural appurtenances. - Air, gas, solar, light and sound, mineral and surface rights. - Water rights. Livery of Seisin - Correct Answer ️️ -I own it and I have the right to sell it. 5 Economic Characteristics of Land - Correct Answer ️️ -D - Demand U - Utility or Usefulness S - Scarcity: sells quickly if available...

Principles and Practices of Hawaiian Real Estate Exam Questions and Answers 100% pass All of the following are synonymous with land improvements and rights therein except: A) Real estate B) Real property C) Realtor D) Realty - Correct Answer ️️ -C In real estate, the term "improvements" most nearly means: A) Fences, wells, drains and roadways B) Additions to the original structure C) Everything tangible except the land D) Outbuildings - Correct Answer ️️ -C The right of ow...

Massachusetts Real Estate Test Definitions Correctly Answered 2024.21E Certificate - ANSWER Certifies that property is free from contamination 203(b) - ANSWER FHA financing program for anyone purchasing a primary 1-4 family, owner-occupied residence 1031 Exchange - ANSWER Way to defer capital gains tax; property owner must re-invest profits from the sale of an investment property into another investment property within 6 months 1099 - ANSWER Independent contractor status according to th...

Florida Real Estate Exam 1031 tax-deferred exchange - Answer- Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest in a "like-kind" property and defer paying any capital gains taxes; strict IRS rules regulate this type of exchange Ex. Real estate investors can take advantage of the 1031 tax-deferred exchange to defer capital gains taxes when selling a property, provided the money is rolled into another "like" purchase a...

Abstract of Title CORRECT ANSWER A _____ exam summary prepared from the records in the registry of deeds Accounting CORRECT ANSWER One of the seven fiduciary duties of an agent to a client: agent must report to the client how money held for the client is to be handled Accretion CORRECT ANSWER The process by which a brook, river, stream or oceanic action adds land to an existing parcel Adjustments CORRECT ANSWER For CMA: sold properties are used to estimate a sales price - the __________...

NJ Title Insurance 2024 Real Verified Exam Abandonment - CORRECT ANSWER-when someone with legal possession of property leaves without intention of reclaiming rights abstract of title - CORRECT ANSWER-A summary of the title history including all encumbrances. Acceleration clause - CORRECT ANSWER-Mortgage clause demanding full payment upon default accretion - CORRECT ANSWER-New land added by the elements, such as a river delta Accrued Depreciation - CORRECT ANSWER-Total of all deterio...

CBEST Vocabulary Test with Complete Solutions abandon - Answer-total lack of inhibition abate - Answer-to decrease, to reduce abet - Answer-to aid, to act as an accomplice abnegate - Answer-to give up, to deny to oneself abjure - Answer-to renounce under oath, to abandon forever, to abstain from abortive - Answer-ending without results abrogate - Answer-to annul, to abolish by authoritative action abscond - Answer-to leave quickly in secret abstemious - Answer-done spari...

1. Real property can be acquired or conveyed via - ANSWER transfer wills and trust intestate succession adverse possession by natural causes The transfer of the title to real property and possession of lands, tenements, or other things, from one person to another. - ANSWER Alienation Property is acquired by transfer when - ANSWER by an act of the parties or law, title is conveyed from one person to another by means of a written document. The most common method of transferring rea...