Principle of survivorship Study guides, Class notes & Summaries

Define fecundity - correct answer The ability to reproduce Define fertility - correct answer The average number of offspring per reproductive female What is the relationship between life cycle complexity and reproductive rate? - correct answer Organisms with a simple life cycle generally reproduce quicker Describe a stage of life in which an organi...

Michigan Real Estate Licensing 100% SOLUTION 2023//2024 Allodial System - ANSWER The type of land ownership existing in the United States whereby individuals may hold title to real property absolutely. Association of Real Estate License Law Official (ARELLO) - ANSWER Founded in 1929, a group of real estate license law officials that regulates more than 2 million real estate licensees. Feudal System - ANSWER A type of land ownership in medieval Europe, whereby only the king could h...

Michigan Real Estate Licensing 100% SOLUTION 2023//2024 Allodial System - ANSWER The type of land ownership existing in the United States whereby individuals may hold title to real property absolutely. Association of Real Estate License Law Official (ARELLO) - ANSWER Founded in 1929, a group of real estate license law officials that regulates more than 2 million real estate licensees. Feudal System - ANSWER A type of land ownership in medieval Europe, whereby only the king could ...

Escrow Exam Questions And Answers (Verified And Updated) Principle meridian - answerThe north-south lines separating townships 5 ways to acquire property - answerOccupancy Accession Transfer Will Succession Escrow agent - answerany person engaged in the business of receiving escrows for deposit or delivery Metes and bounds - answerA method of land description which involves identifying distances and directions and makes use of both the physical boundaries and measurements of the land...

What is the form of co-ownership in which two or more persons each have an undivided interest in the property but no right of survivorship? Tenancy in Common A type of ownership that is considered a long-term lease is best described as: Cooperative Building codes are primarily enforced by: the issuance of permits An interest in and possession of any real property is called An estate Roberta wishes to build her garage 2 feet from her side lot line. City code calls for all side setback...

AZ Real Estate exam questions and answers 100% pass What is the form of co-ownership in which two or more persons each have an undivided interest in the property but no right of survivorship? Tenancy in Common A type of ownership that is considered a long-term lease is best described as: Cooperative Building codes are primarily enforced by: the issuance of permits An interest in and possession of any real property is called An estate Roberta wishes to build her garage 2 feet from her side l...

NMLS Practice Test Hard Questions and A A discount point is BEST described as a charge the borrower pays to: A.)A lender to decrease the interest rate on the mortgage loan B.)A mortgage broker at the time of application to obtain a favorable rate C.)The seller as part of the closing costs of a loan D.)A lender to ensure against foreclosure - Answer-A.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of $5,000. The buyer pays an ad...

Michigan Life Accident & Health Exam Questions With Verified Answers What is considered to be the primary reason for buying life insurance? - answerProvide death benefits Karen is a producer who has obtained personal information about a client without having a legitimate reason to do so. Under the McCarran-Feguson Act, what is the minimum penalty for this? - answer$10,000 or up to 1 year in jail A nonparticipating company is sometimes called a(n) - answerStock insurer, because policyhold...

Amortized Loans - Answer Constant payment including principle and interest until paid off Conventional Loan - Answer No government back; private Gross Lease - Answer Fixed amount- Residential rental Net Lease - Answer Fixed plus maintenance; Triple Net = tax & insurance also Percentage Lease - Answer Fixed + % of profits ;; mall, retail spaces Ground Lease - Answer Long term land lease-- 99+ yr lead;; to build Leaseback - Answer Seller leases back after closing; model homes ...

WRA Pre Exam Review Questions And Answers (Verified And Updated) What rights to property come with ownership? - answerControl; Disposition; Quiet enjoyment; Encumber; Exclude; Possession. What form of ownership allows title to a deceased spouse's property to pass to the surviving spouse without probate? - answerSurvivorship marital property. A special form of joint tenancy with right of survivorship. Just for married people. What are some examples of encumbrances? - answerEasement; Liens...