Removing encumbrances Study guides, Class notes & Summaries

Which of the following are NOT included in the description of land? a. The earth's surface extending downward to the center of the earth. b. A sewer system. c. Trees and water on the earth's surface. d. Formations such as hills and plateaus. (Ans- b. A property is owned as joint tenants. If one of the owners dies, a. his share of the property passes to the surviving owner immediately. b. the surviving tenant has to wait for the property to go through probate. c. the owner who died ...

Texas Principles Of Real Estate II Final Exam Questions and Answers Latest Updated CompleteWritten documents affecting a title to real estate are recorded: A. where the titleholder resides B. where the titleholder has legal residence C. at the county clerk's office where the property is located D. at any county clerk's office in Texas -answer- C. at the county clerk's office where the property is located A person appointed by a court to settle the estate of a deceased person w...

Utah Real Estate: Real Estate Acts A pg. 4-1 Graded A+ Common Areas Land or improvements in a condominium development designated for the use and benefit of all residents, property owners, and tenants. Condominium Real property that consists of the air space of the unit and an undivided interest in the development's common area(s). Condominium Ownership Act Each unit owner owns their unit, together with an undivided interest in common area and facilities appurtenant to that unit. ...

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT 2024 Olivia took out a 15-year loan secured with a deed of trust. She made her last payment this month. What happens now? - answerThe trustee grants a reconveyance deed to Olivia. - answer - answer - answer What is the reproduction cost? - answerthe cost to build an exact replica of the subject, with the same materials and deficiencies. Which fiduciary duty continues even after a transaction closes? - answerAcconting What i...

Georgia Real Estate Exam Vocabulary Latest Updated 2023 Title Document that shows ownership Alienation To sell or convey Transfer: change of ownership Legal Title Ownership with right of possession and use Equitable Title Right to legal title upon completion of contract Buyer receives after they go into contract until seller meets all buyer's needs also closing costs Bare (naked) Title Ownership without possession rights or use Some states use a third party to hold the title (trustee) until...

Utah Real Estate Real Estate Acts A pg. 4-1Common Areas Land or improvements in a condominium development designated for the use and benefit of all residents, property owners, and tenants. Condominium Real property that consists of the air space of the unit and an undivided interest in the development's common area(s). Condominium Ownership Act Each unit owner owns their unit, together with an undivided interest in common area and facilities appurtenant to that unit. Limited...

Texas Principles of Real Estate II Final Exam: Questions & Answers: Latest Updated. Written documents affecting a title to real estate are recorded: A. where the titleholder resides B. where the titleholder has legal residence C. at the county clerk's office where the property is located D. at any county clerk's office in Texas C. at the county clerk's office where the property is located A person appointed by a court to settle the estate of a deceased person when the executor cannot...

Yes, to ensure the property is protected. Is it mandatory to be present at any third-party inspections at the home? - A buyer representation agreement or a buyer customer service agreement - The accepted agreement of purchase and sale - The FINTRAC form for identification verification and Receipt of Funds for the deposit At the time an offer is accepted, what documents must be provided to the brokerage? The conditions are historical evidence of the progress of the parties i...

Real Estate and Business Brokers Act (REBBA) - regulates real estate trading - Ministry of Government & Consumer Services is responsible for it - RECO enforces it - provides a framework for the regulation of the profession to protect consumers & ensure integrity of interactions is upheld REBBA Code of Ethics - objective is to protect sellers & buyers by outlining standards to be upheld during all real estate activities - Fairness & Honesty - Conscientious & Competent Service - Ser...

Yes, to ensure the property is protected. - Answer Is it mandatory to be present at any third-party inspections at the home? - A buyer representation agreement or a buyer customer service agreement - The accepted agreement of purchase and sale - The FINTRAC form for identification verification and Receipt of Funds for the deposit - Answer At the time an offer is accepted, what documents must be provided to the brokerage? The conditions are historical evidence of the progress of the p...