Spot zoning - Study guides, Class notes & Summaries

WRA EXAM QUESTIONS WITH CERTIFIED SOLUTIONS The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker." An apprais...

Bermuda Real Estate and Licensing Exam with Complete Solution Latest 2024/2025. Defect/Cloud in the title - Ans Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: - Ans Has no specific expiration but the length is specified (like a month to month lease) Net Lease - Ans lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession - Ans A ...

Sales General Exam - Stringham Real Estate School UPDATED Exam Questions and CORRECT Answers A particular parcel was zoned residential, single family and was surrounded by others zoned the same. That parcel was rezoned commercial so a convenience store could be built. This is an example of: a) Legal non-conforming use b) Defeasible fee estate c) Spot Zoning d) Variance - CORRECT ANSWER- c) Spot Zoning

Bermuda Real Estate and Licensing Exam with Complete Solution Latest 2024/2025. Defect/Cloud in the title - Ans Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: - Ans Has no specific expiration but the length is specified (like a month to month lease) Net Lease - Ans lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession - Ans A ...

The period between 1860 and 1870 in the US saw the beginning of suburbanization, with the creation of small settlements beyond large cities. Which of the following cities exemplifies this early American suburbanization? a) Radburn, New Jersey b) Riverside, Illinois c) Lake Forest, Illinois - Answer-B Which system may be used for legal description purposes? a) US Government Survey b) Metes and Bounds c) Lot, block, and tract d) All of the above - Answer-D Fred French Co. v. City of new York...

Which would a buyer prefer: Land installment contract or purchase money mortgage? - ANSWER purchase money mortgage - the buyer will receive the deed to the property on the day of closing. -A purchase money mortgage does not transfer any title to the buyer; rather, it is a method by which the seller finances the transaction. -In a land installment contract, the buyer does not receive the deed until the final payment is made. A land installment contract transfers only equitable title. spot ...

Bermuda Real Estate and Licensing Exam with Complete Solution Latest 2024/2025. Defect/Cloud in the title - Ans Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: - Ans Has no specific expiration but the length is specified (like a month to month lease) Net Lease - Ans lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession - Ans A ...

Defect/Cloud in the title Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: Has no specific expiration but the length is specified (like a month to month lease) Net Lease lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession A person takes possession & use of a property belonging to another. Possession must be o...

A deed restriction is a private restriction that is written into deeds which restricts property use for both the current and subsequent owners. Select one: True False - True All of the following requirements generally are covered by building codes EXCEPT Select one: A. Fire-prevention standards B. Electrical wiring C. Sanitary equipment D. Minimum number of square feet of land area per apartment unit - Minimum number of square feet of land area per apartment unit Tax according to val...

Which of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings - C. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building only. B. the land only. C. both the land and the building. D. income obtained from the bui...