Habendum clause - Study guides, Class notes & Summaries

Granting Clause What's the name of the required clause in a deed that "grants" or "conveys"? Acknowledgment Granting clause Habendum clause Warranty clause encumbrance Liens and easements define different types of ____________. Credits Debits Encumbrances Mortgages The path of title ownership over time What does a chain of title document establish? A chain of past title liens An abstract of the title history The path of title ownership over time Whether the titl...

Real Estate U: Pass the NY State Exam 2023-2024 with Complete SolutionsReal Estate U: Pass the NY State Exam 2023-2024 with Complete SolutionsReal Estate U: Pass the NY State Exam 2023-2024 with Complete SolutionsReal Estate U: Pass the NY State Exam 2023-2024 with Complete Solutions - Must be in-writing (according to the Statute of Frauds). - Include a grantor (the person conveying title to the property) . - Include a grantee (the person receiving title). - Contain a granting clause, which...

ASREB Practice Exam Questions with 100% Correct Solutions A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 - Correct Answer ️️ -b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not - Correct Answer ️️ -c. gives no indication that the property i...

Michigan Real Estate Exam With Verified Solutions 1. Vendee: Someone who buys or purchases property, especially under a deed. 2. Vendor: A seller, particularly someone selling property through a contract for deed. 3. Escalation Clause: A provision in a contract that allows for an increase or decrease in interest rates based on a specified annual percentage or other conditions. 4. Deed: A written document that transfers title (ownership) of real property from one party to another. 5. ...

AZ Real Estate, Questions and answers/ VERIFIED/ What is not a specific lien? - judgment Lien What is not an encumbrance on real property? - homestead right the physical characteristics of land include: - indestructibility what restrictive covenants is most likely to be enforceable? - prohibits use for anything other than single-family dwelling. What would a landlocked property owner most likely ask the court for? - easement by necessity restrictive covenants are enforced by - legal ac...

Arizona Real Estate Practice Questions & Answers. RATED A+ Within how many days after property transfer shall a buyer submit a completed transfer form and file with ADEQ - 15 days An example of involuntary alienation is where title to real estate passes by: - Sheriff's deed What event will create an involuntary life estate? - Dower interest becoming cohate A valid warranty deed must contain all of the following elements, except: - Signed by grantee The clause in a deed which sets forth ...

ASREB Practice Exam Questions with 100% Correct Solutions A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 - Correct Answer ️️ -b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not - Correct Answer ️️ -c. gives no indication that the property i...

Massachusetts Real Estate Test 1 Questions and Answers Rescent - Answer-Acquisition of an estate by inheritance in which an heir succeeds to the property by operation of law. Devise - Answer-A gift of real property by will. The donor is the divisor, and the recipient is the devisee. Eminent domain - Answer-The right of a government or municipal quasi-public body to acquire property for public use through a court action called condemnation, in which the court decides that the use is a pu...

NYREI Exam Questions with Correct Answers easements - Answer--right to use another persons real property for a particular service -ROW -right of way --> an easement that grants access to property easements in gross - Answer--involves a specific parcel of land -benefits a person or company (dominant tenant) -burdened land is called servient Easements appurtenant - Answer-Involves 2 separately deeded parcels that are owned by different parties. Affirmative- allows someone to do some...

A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 - correct answer b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not - correct answer c. gives no indication that the property is listed with a broker A borrower is required to put 10% down for th...