Habendum clause - Study guides, Class notes & Summaries
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Colibri Practice Test question and answers rated A+ 2023 already passed
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Colibri Practice Test question and answers rated A+ 2023 already passed3. In real estate, which of the following is correct about the term "title?" - correct answer 
 
Taxes and insurance are often prepaid at closing to establish the escrow account. On which page of the Closing Disclosure form will the buyer see an accounting of the escrow account set up? - correct answer Page two, under other costs 
 
On page two of the form, other costs are itemized for buyers and sellers. Taxes, prepaids, ...
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ASREB National Test A-3 Questions and Answers Already Passed
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ASREB National Test A-3 Questions and 
 
Answers Already Passed 
 
A buyer sees a worn path across the property he is interested in buying. The buyer should be 
concerned about: 
Easement in gross 
Easement by prescription 
Condemnation 
 
Police Power Easement by prescription 
 
A chronological summary of title is called 
Deed report 
Abstract of title 
ATLA policy 
Title insurance report Abstract of title 
 
A clause in a deed which specifies the degree of property conveyed is called: 
Defeasa...
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Law of Contracts Exam Preparation: 100% Verified Questions & Answers: Latest Updated
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All of the following acts on the part of a real estate broker would constitute steering and thus be prohibited under the Fair Housing Act EXCEPT: 
 
 A) directing a prospective buyer of one minority group to work only with a salesperson of the same minority group and to look at areas dominated by that minority group 
B) directing a member of one minority group away from properties located in areas dominated by other races 
C) referring a member of one minority group to properties located only i...
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Colibri Practice Test/ 120+ Questions & Answers Also known as the "to have and to hold" the Habendum Clause. This is the clause that describes the rights being transferred. Exceptions and reservations are included in this clause. When a cap rate us
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Colibri Practice Test/ 120+ Questions & Answers/ Terms like: 
 
Also known as the "to have and to hold" the Habendum Clause. This is the clause that describes the rights being transferred. Exceptions and reservations are included in this clause. 
When a cap rate used with income capitalization is high, the following relationship with sales price exists-Answer 
risk and cap rate are higher, the sales price is usually lower. 
 
Cap rate is likened to the risk factor when purchasing an investm...
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RealEstateU- Texas Law of Contracts
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At a closing Buyer Betsy and George were provided a deed to transfer the property to them from the seller. What type of deed would Buyer Betsy and George most likely receive from the seller at closing if there were no issues at all with the title of the property? - Answer- General Warranty Deed 
 
When transferring the property to Buyer Betsy and George the seller would need to sign the deed as the ______ and Buyer Betsy and George would need to sign the deed as ________? 
 
A. Grantor/Grantee 
...
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Rockwell Exam Real Estate Classes WA Final Exam 1 Questions and Answers Already Passed
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Rockwell Exam Real Estate Classes WA 
Final Exam 1 Questions and Answers 
 
Already Passed 
 
A $4,500 earnest money check bounces because of insufficient funds. The first thing the broker 
should do is: 
 
A. notify escrow to charge this amount, plus the bounced check fee, to the buyer 
B. notify the borrower 
C. notify the principals 
D. write a personal check for $4,500 to cover the shortage C. notify the principals 
 
Both principals (the buyer and the seller) are parties to the escrow instr...
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NYREI Exam Prep Exam Latest Version 2024/2025 Expert-Verified Q&As
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A "Rule" that says an informed buyer will not pay more for one home than a comparable one is - 
Substitution 
A borrower pays off his loan. However, the lender refuses to cancel the mortgage. Which of the 
following clauses of a mortgage has the lender violated? - Defeasance clause 
(A defeasance clause states that when the loan is paid, the mortgage is void. The bank's failure to cancel 
the mortgage of record is a violation of this clause. The habendum clause is the "to have and to hold" ...
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Colibri Practice Test Questions and Answers (Graded A)
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3. In real estate, which of the following is correct about the term "title?" 
Taxes and insurance are often prepaid at closing to establish the escrow 
account. On which page of the Closing Disclosure form will the buyer see an 
accounting of the escrow account set up? 
Page two, under other costs 
On page two of the form, other costs are itemized for buyers and sellers. Taxes, 
prepaids, and initial escrow payment at closing - usually two months' worth, are 
paid by the buyer and shown on pa...
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** Chapter 9 - Gold Coast Real Estate Homework 2024 passed
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** Chapter 9 - Gold Coast Real Estate HomeworkWhich instrument transfers title from one individual to another? 
 
(a) Contract 
 
(b) Deed 
 
(c) Warranty 
 
(d) Covenant - correct answer (b) Deed 
 
What does the term "title" refer to in real estate? 
 
(a) Any instrument that guarantees legal rights 
 
(b) A legal instrument that transfers property from one party to another 
 
(c) Ownership 
 
(d) A piece of bond paper - correct answer (c) Ownership 
 
What is a warrant in a deed? 
 
(a...
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Colibri Practice Test Questions and Answers Already Passed
- Exam (elaborations) • 33 pages • 2024
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Colibri Practice Test Questions and 
 
Answers Already Passed 
 
3. In real estate, which of the following is correct about the term "title?" 
Taxes and insurance are often prepaid at closing to establish the escrow account. On which page 
of the Closing Disclosure form will the buyer see an accounting of the escrow account set up? 
Page two, under other costs 
 
On page two of the form, other costs are itemized for buyers and sellers. Taxes, prepaids, and 
initial escrow payment at closing - ...
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