Grantor answer owner Study guides, Class notes & Summaries

Superior Real Estate School: Study for Retake Pre-Licensing Course Exam and Final Exam Questions and Answers 100% Verified 2024 Designated agency in North Carolina is considered: I. A form of dual agency II. Mandatory if you practice dual agency A. I only B. II only C. Both I and II D. Neither I nor II Answer- A. I only Designated agency can be practiced: I. Between two firms II. Between a broker-in-charge and a provisional broker licensee in their office A. I only B. II only...

Under the _______ of recording, title passes when the conveyance is registered on the title certificate. - Answer Torrens System Non-judicial foreclosure is required to foreclose on a - Answer Deed of Trust A broker induces an owner to sell by telling him that Muslims are moving into the neighborhood. This broker is guilty of - Answer Blockbusting What type of agency cannot be revoked by the principal, nor is terminated if the principal dies? - Answer Agency coupled with an inte...

It is essential that every deed be signed by the: a) Devisee b) grantee c) grantor & grantee d) Grantor - CORRECT ANSWER D- grantor Jim's mechanic's lien will remain against the property for at least: a) 1 year 2) 8 Months c) 10 years d) 4 months - CORRECT ANSWER A- 1 year A specific tract of land is known as a: a) devise b) chattel c) parcel d) littoral - CORRECT ANSWER C- parcel If you are a salesperson working with a buyer, then the buyer is your client: ...

Rockwell Real Estate Exam Questions and Answers 100% Accurate Rockwell Real Estate Exam Questions and Answers 100% Accurate Rockwell Real Estate Exam Questions and Answers 100% Accurate Rockwell Real Estate Exam Questions and Answers 100% Accurate Rockwell Real Estate Exam Questions and Answers 100% Accurate Freehold Estate - ANSWER-Is an interest in real property that has an indeterminable (not fixed or certain) referred to as a owner Fee Simple Estate - ANSWER-Is the greatest estate that ...

At what point do obligations under the Landlord/Tenant Code End: A) The tenant vacates B) The tenant and Landlord resolve disbursement of the security deposit C) The tenant stops paying rent D) The landlord quits - Answer-A) The tenant vacates What minimum % of condominium owners must vote to change the By-Laws: A) 50% B) 51% C) 65% D) 67% - Answer-D) 67% An owner has a mortgage for $50,000 at 9% for 30 years with monthly payments of $403 per month. What is true of this loan? A) $135...

Escrow Exam Questions and Answers 100% Pass Principle meridian - Correct Answer ️️ -The north-south lines separating townships 5 ways to acquire property - Correct Answer ️️ -Occupancy Accession Transfer Will Succession Escrow agent - Correct Answer ️️ -any person engaged in the business of receiving escrows for deposit or delivery Metes and bounds - Correct Answer ️️ -A method of land description which involves identifying distances and directions and makes use of both...

Florida Real Estate Vocabulary Questions and Answers 100% Pass Assignor - Correct Answer ️️ -A person who transfers a legal right to another Grantor - Correct Answer ️️ -Party giving the deed that conveys title Grantee - Correct Answer ️️ -Party receiving the deed and acquiring the title Lessor - Correct Answer ️️ -Landlord who gives lease Lessee - Correct Answer ️️ -Tenant who receives lease Lienor - Correct Answer ️️ -Person who has a claim on another's propert ...

New Mexico Real Estate Law Exam Questions and Answers A broker is performing as a property manager and deposits rent into her operating account. This is an example of which of the following? - Correct Answer ️️ -The answer is COMMINGLING. Mixing a broker's money with a client's money is commingling (and illegal). A lessee has the greatest protection with a(n) - Correct Answer ️️ -The answer is ESTATE FOR YEARS. An estate for years locks the holder into the lease for a specific ...

Certified Pennsylvania Evaluator (CPE) Exam Questions And Answers Latest Updated | Rated A+. Assessor - Correct Answer-Any person responsible for the valuation of real property for ad valorum taxation purposes Duties and Responsibilities of an Assessor - Correct Answer-Discovering, Listing, Valuing Clean & Green - Act 319 - Correct Answer-Has two values, Value in Use and Value in Exchange An Assessor is accountable to whom? - Correct Answer-Himself, taxpayers and all taxing authorities ...

What is real property? - Answer--Land and everything attached. -Law states land is owned to the center of the earth. What is a fixture? - Answer--Part of the land (ex. trees) How can real property become personal property? - Answer--Removal from land. -(ex. apple from a tree). How can personal property become real property? - Answer--Planted into land. -(ex. planted shrubbery or lumber used to erect building). Subterranean Rights - Answer--The right to extract minerals from the land. -Th...