Joint use easement - Study guides, Class notes & Summaries

GEORGIA REAL ESTATE EXAM STUDY SET QUESTIONS AND ANSWERS, 100% ACCURATE, VERIFIED. Best describes parcel of land - -the surface of the earth extending down to the center and upward to infinity Determining if Fixture, NOT considered - -Value of item Characteristic in difference btwn personal prop. from real property. - -mobility When used in deed or other RE doc., legal description describes only land bc - -buildings/other improvements considered part of the real estate Item was person...

National Real Estate Exam Practice Questions and Answers A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of... - Answer- improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? - Answer- riparian A tenant is aware that his lease will expire at the end of the month. He has begun to disassem...

Riparian rights - ANSWER Property owner owns land that borders a navigational river. Fixture - ANSWER Once personal property, but now affixed to land or property permanently. IRMA test. Ex. Blinds, fan, cabinets, heating plants, plumbing, light fixtures. Trade fixture - ANSWER Owned by a tenant and attached to real property to do business. Tenant takes with them when leaves. Tenancy in common - ANSWER A parcel of real estate may be owned by two or more people/entities. Interest is inher...

LEGL2700 Test 3 Epstein Exam Questions Complete Solutions Role of Scarcity - Answer -Need for resources outstrips supply of those resources. State Controlled/Communism - Answer -The government controls all resources and directs how they are divided up among citizens. How Private Property establishes necessary conditions for capitalism formation? - Answer -- Loan for a business (put up a house as collateral for example) - Can convert rights in one resource (house) into rights in differe...

California Real Estate Exam Questions With 100% Verified Answers Latest Updated 2023/2024. Jones vs. Mayer Supreme Court Decision (1968) (Ans- Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights Act of 1968) Easton vs Strassburgar (Ans- Seller disclosures to third parties AND agent visual inspection of all accessible for 1-4 single family homes If license applicant is delinquent on child support, what type of license wil...

ASREB Exam Practice Questions and Answers types of loans - Correct Answer ️️ -FHA loan, Conventional loan, VA loan FHA loan - Correct Answer ️️ -MIP (Mortgage Insurance Premium) Two types (Upfront and Monthly) Conventional loan - Correct Answer ️️ -PMI (Private Mortgage Insurance) Drops off automatically at 78% loan to value (LTV) Ask for removal at 80% loan to value VA Loan - Correct Answer ️️ -Funding Fee based on value USDA loan - Correct Answer ️️ -loan is zero do...

property - correct answer -the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud private property - correct answer -protects private persons and allows them to exclude others from interfering with resources that are acquired without force, theft, or fraud public property - correct answer -state's right under various circumstances to exclude people from state monuments, buildings, equipment, land, and other public reso...

MIE 305 Exam Questions And Answers 100% Verified Real Property - answerThe legal interests in land and things attached to, or growing on land. Personal Property - answerReferred to generally as chattel, the rights, powers, and privileges a person has in things that are not real property, may be transferred by sale, gift, or will. Chattels Real - answerAn interest in land, such as a leasehold. Chattels Personal - answerMoveable personal property. Chattel Personal in Action - answerSomethi...

Residential Sales Comparison and Income Approaches Exam - Spring 2024, Answered A mortgage with equal payments for each period over the length of the loan is called a __________ loan. Standardized Equal rate Graduated payment Fixed rate The first step in the Sales comparison approach procedure is to research the market The COMPETENCY RULE of USPAP says an appraiser must have "the _______________________ to complete the assignment competently." Knowledge and experience The Sales Comparison Ap...

Arkansas Real Estate Broker Exam Questions and Answers Graded A+ Maximum amount due for a filing fee of a time share interval project $1,000 Time share annual renewal fee $500 A timeshare developer found guilty of a timeshare law in fraction can be fined up to imprisoned for how long $5000 and one year Real estate sales person's license expire when December 31 of each year Who is generally responsible for ensuring that the closing is handled in exact accordance with the contract Principal b...