Subsurface rights - Study guides, Class notes & Summaries

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bus...

COLORADO EXAM REAL ESTATE STATE PORTION QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. When must earnest money be deposited? Not later than the third business day after notice to buyer of acceptance. When a real estate broker is preparing a contract for the sale of real estate in respect of when a building permit was issued prior to January 1, 1978, the agreement will be: Void unless a completed Lead-Based Paint Disclosure is completed and signed by both the licensees to the transaction a...

1. includes all that is encompassed in land, with theaddition of all improvements. a. Land b. Real property c. Real Estate d. Personal property Answer: C. Real Estate 2. Any man-made addition to the land that is permanent, and is consideredto become part of the land, is known as a(n) _________. a. Surface rights b. Improvements c. Fixture d. Personal Property Answer: B. Improvement 3. Another name for personal property is . a. Furniture b. Fixture c. Subsurface rights d. Person...

TEXAS REAL ESTATE NATIONAL EXAM QUESTIONS WITH VERIFIED SOLUTIONS/A+ GRADE 1. An assessment is a special type of appraisal used for A.) Property tax purposes. B.) Estate tax returns. C.) Divorce settlements. D.) Income tax returns. 2 A company who provided materials for an owner to remodel their property may give constructive notice of theirunpaid invoices by: A.) obtain a blanket lien B.) obtain a mechanic's or material man's lien C.) obtain a vendor's lien D.) obtain an inchoa...

Real estate -principles of real estate 1()Exam with complete updated solution What are ownership rights to all that is found beneath the surface of the tract of land owned, extending downward to the center of the earth? - answerSubsurface rights What is required of lease contracts with a lease period of one year or more that is not required for leases of less than a year? - answerThey must be in writing What does the ADA do? - answerProhibits discrimination against people with disabilities ...

An insurance policy which combines personal liability insurance and hazard insurance coverage for a dwelling and its contents is called: Homeowner's insurance Buyer's insurance Errors and omissions insurance All of the above - Answer-Homeowner's insurance Homeowner's insurance ensures comprehensive protection for homeowners. What is the status of a contract when all terms have been fulfilled and the transaction has been closed? Fully executed Terminated Voidable Unenforceab...

IL Leasing License Terms with Complete SolutionsIL Leasing License Terms with Complete SolutionsIL Leasing License Terms with Complete SolutionsIL Leasing License Terms with Complete SolutionsIL Leasing License Terms with Complete SolutionsIL Leasing License Terms with Complete Solutions Land/Realty - ANSWER-Consists of the surface, subsurface and airspaces along with anything that is permanently attached to it Surface - ANSWER-is what we can see when we look at the property Subsurface - ...

Abstract of Title: (Ans- An abbreviated history of a property, including info on any transfers, grants, wills, conveyances, liens, and encumbrances. Example: Before Alice purchases the house on 1701 J J Solice Drive, she should ask for the property's abstract of title. Addendum: (Ans- An additional form attached to a real estate contract Example: Percy is adding an Addendum for Reservation of Oil, Gas, and Other Minerals to his ranch home sale because he wants to retain the rights ...

An adequate legal description of real estate is one: CORRECT ANSWER by which a reasonable person can determine what property is described - the legal description is legally "adequate" if a reasonable person could identify the property based on the description. Ownership of real estate includes: a.) Rights to use the surface, subsurface and airspace over the land b.) Fixtures c.) Naturally growing tree growing on the land d.) All of the above CORRECT ANSWER D.) All of the above Subsu...

Land - Answer-Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration - Answer-Zoning Board of Adjustment oversees rule administration and appeals Real estate - Answer-land plus manmade permanent attachments Real property - Answer-real estate plus bundle of rights Bundle of Rights - Answer-Possess Use Transfer Exclude Encumber Physical Characteristics - Answer-Immobility; indestructibilit; hetoerogeneity Immobility - Answer-Land...