Freehold estate Study guides, Revision notes & Summaries

This generally refers to a governmental entity's legal authority to force a private landowner to sell his or her real property for public use. A) Condemnation B) Taxation C) Police power D) Eminent domain - Answer- D) Eminent domain Precedents are determined by: A) Statutory Law B) Case law C) TRELA D) DTPA - Answer- Wrong A) Statutory Law? This estate may be terminated at will of either party. It has no duration limitation. A) Estate at will B) Estate from perio...

Real Estate Salesperson Exam questions and answers 2023Where is license law written? Article 12A Under NYS Real Property Law, when Dept. of State revokes a salesperson's license, the salesperson can't be relicensed until how much time has expired? 1 year If a broker's license is taken away, what happens to the salespersons who work for him? Their licenses are suspended until they associate with a new broker. What could happen to somebody who breaks Article 12A? Loss o...

One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): A) attorney-in-fact B) broker with a listing C) special agent D) attorney-at-law attorney-in-fact No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: A) township B) section C) scarcity D) nonhomogeneity nonhomogeneity The five essential elements that make a contract valid are: comp...

Which law applies to Land Registration & Ownership (Role of DLD) CORRECT ANSWER Law No. 7/2006 Which law applies to Designated Areas (Freehold vs Leasehold for non GCC) CORRECT ANSWER Regulation No. 3 of 2006 Which law applies to Regulation of Real Estate Brokers CORRECT ANSWER Law No. 85/2006 Which law applies to Establishment of RERA CORRECT ANSWER Law No. 16/2007 Which law applies to Escrow Accounts CORRECT ANSWER Law No. 8/2007 Which law applies to Tenancy Law COR...

Dubai RERA Broker Exam 2023 Questions and Answers (Verified Answers) Dubai RERA Broker Exam 2023 Questions and Answers (Verified Answers) Dubai RERA Broker Exam 2023 Questions and Answers (Verified Answers) Which law applies to Land Registration & Ownership (Role of DLD) - ANSWER-Law No. 7/2006 Which law applies to Designated Areas (Freehold vs Leasehold for non GCC) - ANSWER-Regulation No. 3 of 2006 Which law applies to Regulation of Real Estate Brokers - ANSWER-Law No. 85/2006...

What are the two types of freehold estates? - ANSWER-1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? - ANSWER-An estate in fee simple absolute What type of estate do you own if someone grants you real property for you to own only during your lifetime? When you die, the property reverts back to original estate owner. - ANSWER-a life estate The rights of tenants who rent or lea...

How much time is given to pass the Ohio salesperson exam? - correct answer3 hours How many hours of pre-licensing education do you need in Ohio? - correct answer120 hours How old do you have to be in Ohio to obtain a Real Estate License? - correct answer18 years old Lori has agreed to transact real estate business on behalf of Alex with Alex's authority. Lori is: - correct answerAn agent Ownership of real property for an undetermined length of time is called: - correct answerA freeh...

Which law applies to Land Registration & Ownership (Role of DLD) Law No. 7/2006 Which law applies to Designated Areas (Freehold vs Leasehold for non GCC) Regulation No. 3 of 2006 Which law applies to Regulation of Real Estate Brokers Law No. 85/2006 Which law applies to Establishment of RERA Law No. 16/2007 Which law applies to Escrow Accounts Law No. 8/2007 Which law applies to Tenancy Law Law No. 26/2007 Law No. 33/2008 (amendment) Which ...

A home is being purchased for $275,000. The buyer agrees to an 80% loan with the seller paying $5,000 of the buyer's closing costs. What amount will the ... - $55,000 A national company desires a parcel of land which must be four times the size of its proposed building. If the building design includes 20,000 square feet .... - B) 2 acres A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the .... Acco...

LAND LAW- EASEMENT (PROBLEM QUESTION AND ANSWER) LATEST 2023 WITH ANSWERS Farmer Leonard comes to see you for advice: 1. (i) Farmer Leonard has owned the freehold estate in a piece of land, Redacres, for many years. Tony has rented a small cottage on this land for the past two years. The cottage has an access road to the main highway but it is uneven and unlit and so Farmer Leonard has always allowed Tony to use the farm’s main driveway instead as it is in far better condition. Two mon...