Conventional life estate - Study guides, Class notes & Summaries

Review quiz chapters 1-6 superior quiz online with complete solutions Which type of estate cannot pass by inheritance? - fee simple estate - fee simple condition subsequent estate - conventional life estate - pur autre vie life estate -Answer-conventional life estate Which of the following liens is/are considered a "specific lien" on real estate? - deed of trust - mechanic's lien - real estate taxes - all of the above -Answer-all of the above Which of the following statements is/a...

CT Real Estate Exam General: Property Ownership Rated A+ Survey location and dimension of property Real Property The house and land Personal Property everything but the house and land Improvement Addition to the property or land Vertical Land description Defining the Air rights Fixture once-moveable items attached to real property Trade fixture a fixture that is not attached to real property. Used in Commercial settings. EX: freezer at restaurent. Annexation Personal Property becoming Rea...

A farmer temporarily installs produce coolers in a leased farm stand in order to prevent spoilage. The coolers would be considered which of the following? a) Trade fixtures that are real property. b) Trade fixtures that are personal property. c) Temporary real property. d) Emblements. - b) Trade fixtures that are personal property. Property can be converted from real to personal property and from personal property to real property by means of which processes respectively? a) Assemblage a...

A condominium unit buyer has how long to cancel the purchase contract after signing an agreement with a developer? a. 3 days b. 10 days c. 15 days d. 20 days - Answer-c. 15 days A constitutional homestead is owned by a man who is head of a family consisting of himself, his wife, and their three children. The man dies unexpectedly. After his death, a. the widow owns the homestead in fee simple. b. by operation of law, the widow owns a life estate in the homestead, and the children are ve...

Barney Fletcher Real Estate Exam 2024 Updated Questions with Verified 100% Correct Answers Latest Edition Barney Fletcher Real Estate Exam: 2024 Updated Questions with Verified 100% Correct Answers | Latest Edition combining two or more contiguous parcels of real estate into a single parcel under one ownership - Assemblage an increase in value resulting from assemblage - plottage personal property that is permanently attached to real property and goes with the property when its sold - ...

coordinate inspections and deliver documents and escrow monies to the appropriate attorney a broker or affiliate broker may perform all of the following in preparation for the closing EXCEPT may conduct the closing a broker decides he wants to conduct the closing on a all-cash sales of a property between his clients, the seller, and the buyer, his customer. with these parties, the broker receive up to $50K from the real estate education and recovery account for the full judgment ...

Washington Real Estate AMP National Cram Exam 5 with correct Answers The right to limited use, but not to the possession of someone else's real property is: A) a deed restriction B) an easement C) a mortgage D) a lease - Ans ️️ -B) an easement Feedback: Correct: If an outside person has an easement across the owner's property, they have limited use. They cannot possess the land and build a home. A lease allows temporary estate/possession of the leased property. Allen owned a lot...

PSI Real Estate Test MA - State Portion Only Already Graded A A farmer temporarily installs produce coolers in a leased farm stand in order to prevent spoilage. The coolers would be considered which of the following? Trade fixtures that are personal property Property can be converted from real to personal property and from personal to real property by means of which processes, respectively? Severance and affixing The highest form of ownership interest one can acquire in real estate is the... ...

Pearson Vue Practice Exam Questions and Answers Latest Updated 2024/2025 | Scored A+. In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as determined by the broker a. included in the listing agreement a lot ...

Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - Answer- Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer- Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity...