Tenancy by the entirety - Study guides, Class notes & Summaries

Texas Real Estate Exam Prep (From Pearson VUE and & Champions National Exam Prep) 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: a) encroachments b) improvements c) surface rights d) emblements - Answer- b) 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 calle...

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...

PSI NATIONAL REAL ESTATE QUESTIONS Answered 100% Correctly| Latest 2024 PSI NATIONAL REAL ESTATE QUESTIONS Answered 100% Correctly| Latest 2024 A legal description in land that includes language like "the old oak tree" or "the big rock" would be Metes and bounds As a licensee is showing a property contiguous to a lake, the licensee notices that the lake has a large amount of algae. The buyer wishes to make an offer. What should the licensee do? Encourage the buyer to have an...

NC real estate broker pre-licensing exam Syndication -Answer-Two or more forms joining together as an entity to own real estate Estate in severalty -Answer-Ownership by one individual Concurrent ownership -Answer-Two or more persons share ownership with undivided interests Tenancy in common -Answer-Co-ownership without right of survivorship to other owners Police power -Answer-The broad right of the government to place reasonable restrictions on the use of privately held land Easement -An...

A large manufacturing company agrees to relocate to an economically depressed neighborhood of Chicago if the city can provide suitable property. The property needed is a large vacant lot owned by an investment partnership that refuses to sell. If the City of Chicago wants to relieve unemployment in the neighborhood and improve commercial conditions in the city by bringing in the manufacturer, what can the city legally do? A) Nothing; private real property is exempt from the power of eminent dom...

Bundle of rights - correct answer PUTEE - Possession, Use, Transfer, Exclusion, Encumbrance Real property - correct answer Real estate (land + manmade attachments) + bundle of rights Legal Title - correct answer Full ownership of property + bundle of rights Equitable Title - correct answer Interest that gives the buyer the right to acquire legal title to a property if certain contractual conditions occur. Homestead - correct answer Rights to principal residence Fee simple - correc...

NC real estate broker pre-licensing exam Questions and Answers! Syndication - ANSWER Two or more forms joining together as an entity to own real estate Estate in severalty - ANSWER Ownership by one individual Concurrent ownership - ANSWER Two or more persons share ownership with undivided interests Tenancy in common - ANSWER Co-ownership without right of survivorship to other owners Police power - ANSWER The broad right of the government to place reasonable restrictions on the u...

Scott's Michigan Real Estate Brokers Test Prep. Exam Questions And Correct Answer New Update A neighbor had encroached on a property but the owner did not complain within the legally specified time period. The neighbor would obtain rights to the land by: A » license B » easement by necessity C » easement by prescription D » easement in gross - Answer -(C) An encroachment (fence, tree limb, etc.) that remains for a lengthy period can become an easement by prescription (continuous, ope...

Maryland Real Estate Question and answers 100% correct 2024 Maryland Real Estate Prescriptive Easement (meet or exceed the requirement in MD) - correct answer 25 Years' continuous use. Tenancy by the Entirety - correct answer Does NOT continue after the death of one of the owners. Sales person license fee - correct answer $110.00 (renewal $90.00) What tenancies does Maryland allow? - correct answer Tenancy by the entirety. Cooperating Agent - correct answer CANNOT repre...

NC real estate broker pre-licensing exam questions and answers Methods of terminating easements (3) - Answer-1. Merger 2. Release 3. Abandonment Express agreement (easement) - Answer-Easement is real property interest and therefore transferred by deed and typically recordsd Types of specific liens (3) - Answer-1. Government lien 2. Mechanic/construction lien 3. Mortgage Types of general liens (3) - Answer-1. Judgment lien 2. IRS or state lien 3. Personal property tax lien Jo...