Kansas Real Estate Exam Questions & Answers 100% Correct
When is an item considered Real Estate? - ANSWER-When it is permanetly attached to land What are the 2 charicteristics of land - ANSWER-Physical - immovable, indestructable, non homeogeneous Economic - situs/location, scarcity, improvable The 3 Physical Characteristic of Land - ANSWER-immovable, indestructable, non homeogeneous The 3 Economic Characteristics of Land - ANSWER-situs/location, scarcity, improvable Define Real Estate - ANSWER-Land + Appurtenances Define Bill of Sale - ANSWER-Instrument used to transfer personal property When do you recieve the Bill of Sale and Deed? - ANSWER-At closing Define Deed - ANSWER-Transfers real property rights Define Fixture - ANSWER-When an item of personal propety is permanetly attached to Real Estate Give an example of a Fixture - ANSWER-Built in bookshelves Define Trade Fixture - ANSWER-the tennant can take this piece of property at the end of the lease Give an example of a Trade Fixture - ANSWER-Hair Salon - tennant can take mirrors, chair etc at the end of the lease Define Emblements - ANSWER-Crops that the seller is allowed to come back and harvest 1 time even after closing What are the government rights in real property? - ANSWER-Taxation Police Power Eminent Domain Kansas Real Estate Exam Questions & Answers 100% Correct
Información del documento
- Subido en
- 12 de agosto de 2023
- Número de páginas
- 10
- Escrito en
- 2023/2024
- Tipo
- Examen
- Contiene
- Preguntas y respuestas
