Repair covenant Study guides, Revision notes & Summaries

property owner has decided to do some landscaping work on his yard. he has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a) encroachments b) improvements c) surface rights d) emblements - Answer- b) improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? a) riparian b) littoral c) appropriative d) appropriation - Answer- a) riparian A commercial tenant ...

GA REAL ESTATE EXAM PREP Questions and Verified Solutions How often *must* you take continuing education? - Answer -*Every 4 years*. In Georgia, which of the following is *NOT* a cost or expense of owning a home? - Answer -Taxes on *personal property*. A *Broker's*, license fee costs how much? - Answer -*$170* All of the following, exist in Georgia *EXCEPT*. Ad valorem Taxation, Special Assessments, Statutory Right of Redemption, Equitable Right of Redemption - Answer -*Statutory Right o...

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 bu...

LUOA Personal Financial Literacy Module 1: GIVE | Biblical Perspectives on Money Questions and Answers 100% Pass In our lives, God uses money as a: tool, test, and testimony According to scripture, money is not a: - measure of success - reward for godly living - measure of self-worth - guarantee of contentment God's word teaches us to: - maintain margin - spend less then we earn - give generously - avoid debt The pie diagram reveals that there is no such thing as an _____________________ fin...

A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an advance fee listing. - Answer- an exclusive agency listing What critical aspect of the property inspection process MUST licensees convey to prospective buyers? 1. Difficulty of finding competent in...

Accretion Increase of land by deposit of sand or soil washed up naturally from a river, lake or sea ADA Tenant Tenant with disability. Must accommodate for tenants/residents with disabilities. Priority is to get party to the door. Can make changes, must be giving parking if available, do not have to ask to make changes Broker's License License to act as intermediary on behalf of others for a commission. Bringing together of parties interested in making a real estate transaction...

A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of... - correct answers improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? - correct answers riparian A tenant is aware that his lease will expire at the end of the month. He has begun to disassemble his display cabinets and shelves. Whi...

LPC Property fully solved 2023 Co-Ownership - Reg and Unregistered Land Reg land: restriction on charges register indicates TiC. Need to ensure both sign + execute contract. If dead, ensure Death Certificate + appointment of new trustee + Grant of Representation. Unregistered land: Death Certificate and can assume JT if LP(JT)A 1964 factors: - Seller states in conveyance he is solely entitled; - No memo of severance - No notice of bankruptcy --> carry out K16 search. Always searc...

RESPA - Answer Real Estate Settlement Procedures Act- Required for mortgages on purchase of real estate. Prohibits kickbacks or unearned fees. Ensures consumers get important, accurate, and timely information about actual costs of settlement or closing transaction TILA-RESPA Integrated Disclosure Rule - Answer Know Before You Owe; replaced 4 previous forms with 2 new forms - Loan Estimate & Closing Disclosure Loan Estimate Form - Answer highlights interest rates, monthly payment, and total...

Contract law demonstrates which excuses our society accepts for breaking certain types of promises. - Answer t Contract law does not distinguish between promises that create only moral obligations and promises that are legally binding - Answer f In contract law, intent is determined by the personal or subjective intent, or belief, of a party - Answer f One of the four requirements of a valid contract is an adequate price - Answer f The term consideration refers to the legality of the...