Condemnation Study guides, Class notes & Summaries

A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called a contract Antitrust laws prohibit competing brokers from all of the following 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, the cost will probably be shared by all current owners of real estate fronting on that road State laws differ on wh...

Pellet B Vocabulary Latest Update 100% Correct barbiturate drugs like antidepressants accessory supplementary component accident unfortunate mishap aquainted being familiar with adjacent adjoining, or having a common edge affidavit written declaration made under oath, used as evidence aggravated made more severe or intense, to annoy or exasperate someone alibi an excuse, pretext, or defense for someone, evidence against the crime alleged doubtful or suspect analy...

National - Real Estate Exam Practice Questions (Set One) Latest Update Graded A+ Which of the following is a lien on real estate? a. recorded easement b. recorded mortgage c. encroachment d. dead restriction b. recorded mortgage Which approach to value would MOST likely be useful to real estate brokers estimating the value of a single-family residence for sale in a subdivision? a. cost approach b. income approach c. market comparison approach d. gross rent multiplier c. ...

NEW JERSEY TITLE PRODUCER 2024 Final Exam Q & A ALTA 1 - CORRECT ANSWER-Street Assessments ALTA 2 - CORRECT ANSWER-Truth in lending owners policy - CORRECT ANSWER-insures estates of ownership, remains constant over the life of the property. Covers property line disputes. A type of title insurance issued in the name of the property owner. Coverage runs from the time of purchase for as long as the policyholder owns the property. mortgage lender policy (loan policy) - CORRECT ANSWER-lende...

1. This generally refers to a governmental entity's legal authority to force a private landowner to sell his or her real property for public use. A) Condemnation B) Taxation C) Police power D) Eminent domain ANS D) Eminent domain 2. Precedents are determined by A) Statutory Law B) Case law C) TRELA D) DTPA ANS Wrong A) Statutory Law? 3. This estate may be terminated at will of either party. It has no duration limitation. A) Estate at will B) Estate from period to period C) ...

Colibri Real Estate Chapter 2 Quiz Questions and Answers (Graded A) Colibri Real Estate Chapter 2 Quiz Questions and Answers (Graded A) Colibri Real Estate Chapter 2 Quiz Questions and Answers (Graded A) Colibri Real Estate Chapter 2 Quiz Questions and Answers (Graded A) An agency relationship may be involuntarily terminated by which of the following? - ANSWER-By destruction of the property through fire, vandalism, or natural disaster When a seller authorizes a unilateral ...

covenant against encumbrances - no encumbrances except as noted in deed .. ex liens or easements actual notice - open, continuous, actual possession of property affirmative easements appurtenant - easements give the dominant parcel some intrusive use of the servient parcel ex. shared driveways, parking baselines vs principal lines - baselines (east to west) RANGE LINES principal (north to south) TIER LINES building codes - preserves real estate value addresses the issue of incomplete in...

Superior Real Estate Exam - 3-24-23 Exam QUESTIONS & Revised CORRECT ANSWERS <UPDATED&ALREADYPASSED> Condemnation and escheat are examples of which of the following types of property transfer? voluntary alienation involuntary alienation transfer of title by descent transfer of title through foreclosure involuntary alienation Without an agreement to the contrary, when a leased property is sold, the lease is binding on the new owner. is in breach and can be voided by the te...

FL Pre-License Sales Course (FREC Course 1) Exam Study. Complete Verified Solution. title collection of rights person has in ownership of real property alienation transfer By Operation of Law the courts have intervened Condemnation court action used when right of eminent domain is exercised Lis Pendens pending litigation Opinion of Title title meets all ownership needs and has no questions in its history Abstract history Cloud question about the title Certificate of Title Att...

When selling an individual condominium unit which of the following would be appurtenant to the unit? - Cabinets in the unit Bob and Jerry take title together. Bob owns one half and Jerry owns one half of the same property. What form of co-ownership does the law presume? - Tenancy in common Owner's title insurance will cover: - Damages if the title is unmarketable When a city buys real estate they would take title as: - Sole and separate Developer George purchased 5 acres of residential la...