Real property realty - Study guides, Class notes & Summaries

Champions School of Real Estate Exam Prep National Chapter 1 & 2 Latest Update 100% Pass Rights, privileges or improvements that belong to and pass with land. Appurtenance Man made additions to the land such as buildings and landscaping. Also known as free standing Improvements Right or interest in something that is temporary or movable by nature. Also known as chattel or personalty. Personal Property Ownership is transferred by... Bill of Sale When personal property is incl...

Nevada Real Estate Key Realty Exam Questions + Answers Already Passed What is the smallest saleable portion of a Nevada subdivision called: Unit Which of the following are required of deeds to be enforceable: must have the grantors signature Personal property could be: emblements: aka crops Real property is: transferred by deed What is it called when the government gives a parcel of real property back to a private citizen: Cloud? A chain of title: Lists all grantors and gran...

Nevada Real Estate State Final Exam Questions with Complete Solutions Broker Wilkins recently closed her office and went to work for the Division as the Deputy Administrator. What limitation is placed on Wilkins? She may not be actively licensed. Agent Becker of 20/20 Realty listed and sold the Franklin home in 2004. In 2015, Becker has a listing on which Franklin wants to make an offer. Franklins agent, affiliated with gold realty, writes the offer and presents it through Becker, Beck...

Champions Real Estate Exam: Law of Agency Latest Version Graded A+ This person hires an agent The Principal The agent works on behalf of this person the client (principal) This type of agency allows for the greatest range of authority Universal This is provided to the agent when there is written documentation that the agency relationship exists. Express authority This is the most limited of all the agency relationships Special agency This type of agency is created when a 3rd party believes ...

Real property (realty) Ans- Tangible property consisting of land, all structures permanently attached to the land, and whatever is growing on the land. Personal Property Ans- possessions such as jewelry, furniture, and boats Damage to building by vandalism - Put a fence around the building Ans- Loss Prevention Home burglary - Install burglar alarm Ans- Loss reduction Tort Damages Ans- compensatory damages and punitive damages Negligence Tort Ans- careless neglect, often resulting in...

$1,000 - Answer-The declaration of homestead in Oklahoma, filed by the head of a family by March 15, will exempt from the assessed valuation of the property the amount of 1 - Answer-How many base lines intersect each principal meridian in the rectangular survey system 12 - Answer-How many lots, each measuring 72.5 feet wide by 100 feet deep, could be made from a two-acre parcel of land? 4 - Answer-How many years are the Oklahoma Real Estate Commissioners appointed to serve? 40 - Answer-How...

This person hires an agent - Answer-The Principal The agent works on behalf of this person - Answer-the client (principal) This type of agency allows for the greatest range of authority - Answer-Universal This is provided to the agent when there is written documentation that the agency relationship exists. - Answer-Express authority This is the most limited of all the agency relationships - Answer-Special agency This type of agency is created when a 3rd party believes that an agent has aut...

PSI Real Estate Michigan State Licensing Exam – Complete Questions & Answers (Graded A+) PSI Real Estate Michigan State Licensing Exam – Complete Questions & Answers (Graded A+) The law regulating the licensing of occupations in Michigan is known as - ANSWER-1.) Occupational Code PA 299 of 1980. (Answer) 2.) Michigan License Act 152 of 1979. 3.) Administrative Rules for Michigan Licensing. 4.) Michigan Code of Ethics. Which of the following persons would NOT need a real estate lic...

Real property - ANSWER Land & everything that is permanetly attached to the land & everything that is appurtenant to the land Personal property (personalty) - ANSWER All propery that doesn't fit the definition of real property. CHATTLES are moveable Land - ANSWER The earth's surface extending downwards to the center of the earth & upward to infinity Real estate (realty) - ANSWER Land at, above, or below the earth's surface, including all things permanently attached to it, whether art...

Real Estate Exam Prep (Champions; Texas)| Latest Update Graded A+ appurtenance term used to describe rights, privileges or improvements that belong to and pass with the land improvements man's additions to the land such as building and landscaping personal property also called chattel or personalty; a right or interest in smiting of a temporary or movable nature and includes anything not classed as real property. Real property becomes personal property through severance. bill...