Chattels Study guides, Revision notes & Summaries

South Dakota National RE Questions and Answers Already Passed Land The surface of the earth extending down to the center and upward to the sky, including all natural thins thereon such as trees, crops or water, plus the minerals below the surface and the air rights above. Real estate The physical land at, above and below the earth's surface with all appurtenances, including any structures; any and every interest in land whether corporeal or incorporeal, freehold or no freehold; for a...

Equity and Trusts summary of key principles, types of trust, actions against third parties, duties, defences

A tenant in a commercial building installed a large sign that was anchored to the building with steel rods. Which term properly describes the sign? A.Fixture B. Trade fixture C. Real Property D. Emblement - ️️B. Trade fixture Installed by a tenant for the purpose of conducting a business or trade.A tenant can remove a trade fixture but is liable for removal damage to real property . Another term for personal property is: a. realty. b. fixtures. c. chattels. d. fructus na...

National Real Estate Exam Outline - Pearson Vue, Questions And Correct Answers Real property The interests benefits and rights inherit in real estate ownership often used as a synonym for Real Estate conveyed by deed Personal property Items called chattels or personalty that do not fit into the definition of real property such as movable objects and bill of sale Fixtures Personal property that's so attached to land or building that by law becomes part of real property such as Plumbing l...

Pearson Vue Exam Questions and Answers 100% Pass Real property interests include... - Answer- an appurtenance that goes with the land. Examples: buildings, fences, trees, water rights, the ground below, mineral rights, air rights, easements What is a form of ownership that is restricted to husbands and wives? - Answer- Tenancy by the entirety. Each owns the entire parcel. Neither can separately convey and interest during the other's life time. On the death of a spouse, the survivor owns...

Real Estate Exam Illinois (2022/2023) Rated A+ implied agency legal finding that your behavior implied a legal relationship (intent) express agency no ambiguity in behavior. explicitly define legal relationship real estate = land + improvements (any addition to land, regardless of aesthetics) real property = interest benefits and rights that go with land real estate (belongs to deed holder) appurtenance - anything associated with a property, including rights and improvements property rights...

Pearson Vue Exam Questions and Correct Answers Real property interests include... an appurtenance that goes with the land. Examples: buildings, fences, trees, water rights, the ground below, mineral rights, air rights, easements What is a form of ownership that is restricted to husbands and wives? Tenancy by the entirety. Each owns the entire parcel. Neither can separately convey and interest during the other's life time. On the death of a spouse, the survivor owns the property D...

The TREC residential contract forms are: - Correct Answer-Drafted by the Broker Lawyer Committee Wrongful or criminal deception intended to result in financial or personal gain is called: - Correct Answer-fraud Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. - Correct Answer-goods If a seller will continue to occupy the property for one month after the closing, the buyer and seller should: - Correct Answer-Enter into a Seller's Temporary Residential ...

Hawaii-Specific Real Estate Practice Exam Already Passed Personal Property Movable objects (chattels) that do not fit into the definition of real property; conveyed by bill of sale. Fixture An item of personal property that has been converted to real property by being permanently affixed to the land or building. Can be either attached or annexed. Metes and Bounds To locate a property boundary requires two permanent reference markers; The boundary is measured from a specific point of beginning...

NC Superior Real Estate School - Chapter 1 Questions and Answers 100% CorrectNC Superior Real Estate School - Chapter 1 Questions and Answers 100% CorrectNC Superior Real Estate School - Chapter 1 Questions and Answers 100% CorrectNC Superior Real Estate School - Chapter 1 Questions and Answers 100% CorrectChapter 1 Vocabulary: Basic Real Estate Concepts - ANSWER-Chapter 1 Vocabulary: Basic Real Estate Concepts Bill of Sale - ANSWER-Investment used to transfer the ownership of personal proper...