Barney fletcher ga Study guides, Class notes & Summaries

Barney Fletcher GA Section 2 Exam Questions and Answers Title - Answer-The right to, ownership of land. Alienation of title - Answer-any change of ownership THREE TYPES OF TITLES - Answer-LEGAL TITLE EQUITABLE TITLE BARE LEGAL TITLE legal title - Answer-The right of ownership possession,use,occupancy,and enjoyment of a parcel of real property held by an owner. Equitable Title - Answer-The interest in a piece of a real estate held by a buyer under a real estate sales contrac...

Section 2 Barney Fletcher GA Exam Questions and Answers (Graded A)

Barney Fletcher GA Section 2 Exam Questions and Answers Title - Answer-The right to, ownership of land. Alienation of title - Answer-any change of ownership THREE TYPES OF TITLES - Answer-LEGAL TITLE EQUITABLE TITLE BARE LEGAL TITLE legal title - Answer-The right of ownership possession,use,occupancy,and enjoyment of a parcel of real property held by an owner. Equitable Title - Answer-The interest in a piece of a real estate held by a buyer under a real estate sales contract, ...

Barney Fletcher GA Real Estate Salesperson

BARNEY FLETCHER - GA RE SCHOOL EXAM 2024 WITH 100% CORRECT ANSWERS What is the tax assessment rate for all real property in Georgia? - correct answer 40% What could happen if a property is sold at foreclosure and does not bring enough money to satisfy all of the debts secured by the property? - correct answer Outstanding debts could be pursued as a result of a deficiency judgement When foreclosure occurs, the payment priority of most of the outstanding debts is established by: - corre...

Section 2 Barney Fletcher GA

Section 2 Barney Fletcher GA Exam Questions and Answers (Graded A) Title - Ans ️️ The right to, ownership of land. Alienation of title - Ans ️️ any change of ownership THREE TYPES OF TITLES - Ans ️️ LEGAL TITLE EQUITABLE TITLE BARE LEGAL TITLE legal title - Ans ️️ The right of ownership possession,use,occupancy,and enjoyment of a parcel of real property held by an owner. Equitable Title - Ans ️️ The interest in a piece of a real estate held by a buyer under a real es...

Section 2 Barney Fletcher GA

Barney Fletcher GA Real Estate Salesperson

hypothecate correct answer: to use property as security for debt without giving up possession of it promissory note correct answer: a contract for a maker to repay a loan to the bearer, that is evidence of the debt. Bearer holds note, & it states the loan amount, interest rate, time & method of repayment, & obligation to repay. mortgage contract correct answer: a lien that establishes real property as security for debt; usually non-assignable. Lender holds no interest mortgager corre...