Equitable lease Study guides, Revision notes & Summaries

GA REAL ESTATE EXAM PREP / HARD QUESTIONS AND ANSWERS GRADED A+ *Amortization Rate* is defined as: The percentage of periodic payment that is applied to the reduction of the principal. *In a title theory state, the *Mortgagee takes title to the mortgaged property, during the TERM of the mortgage.* *Property* may be technically defined as: *Rights or Interest* which a person has in the thing owned. A *Broker's*, license fee costs how much? *$170* A *Deficiency Judgement* ca...

A sale and leaseback agreement is: correct answersa way for landowners to free up capital while maintaining the same overhead expenses With net leases, each added "net" requires a tenant to pay for an additional expense that may have otherwise fallen on the landlord. All of the following are expenses that could be paid under a net lease EXCEPT: correct answersdebt interest (Any lease that requires a tenant to pay rent, property taxes, insurance, and maintenance expenses is a triple-net lea...

Pearson VUE practice test 100% Solved c. Bill of sale - Answer- 1A buyer purchases a furnished condominimum apartment as an investment. The document that evidences the buyer's ownership of the furniture is a a. Special warranty deed b. Homeowner's insurance policy c. Bill of sale d. Buyers inventory d. Accrued depreciation - Answer- Using the cost approach, an f calculates the current new replacement cost of a 15 year old structure. The next factor the appraiser will consider n comple...

Defect/Cloud in the title Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: Has no specific expiration but the length is specified (like a month to month lease) Net Lease lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession A person takes possession & use of a property belonging to another. Possession must be o...

Real Estate final exam practice (Pearson VUE) Questions And Correct Answers fee simple most complete form of property ownership. also called fee absolute and indefeasible fee estate. owner may do what they want with property 1. In order for a tenant to claim relief for constructive eviction: the landlord must have intentionally withheld required repairs or maintenance A buyer purchases a furnished condominium apartment as an investment. The document that evidences the buyer's owners...

Texas Real Estate Exam Prep (From PearsonVUE and & Champions National Exam Prep) 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: a) encroachments b) improvements c) surface rights d) emblements 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) ap...

National Real Estate Exam All Answers Correct & Verified Which of the following constitute an estate (tenancy) for years? A month-to-month lease. A tenancy at sufferance. A lease that is set to last six months. A tenancy at will. 67. A federal law that regulates t 1. Which method of legal description uses point of beginning, direction and distance? Metes and bounds. Lot and block. Government rectangular survey. Recorded plat. Metes and bounds. Previous Play Nex...

NJ SALESPERSON PRACTICE EXAM1. The law which requires that transfers of real property ownership be in writing is known as the: (A) law of evidence. (B) statute of liberties (C) statute of frauds (D) statute of limitations - correct answer C 2. In a VA loan: (A) a down payment is required (B) there must be an approved appraisal. C) one must be a veteran to assume the loan. (D) the maximum term is 25 years. - correct answer B 3. When a land contract is entered into: (A) legal title passes to...

When a land contract is entered into; correct answersThe buyer acquires equitable title Angela operated her own brokerage firm until she unexpectedly passed away. The Board appoints her son, Adam, to operate the business for 180 days. During this period, Adam: correct answersCan only conclude the transactions in the process to facilitate the termination of the business Which person would NOT need a real estate license? correct answersAn owner who sells no more than three of her own houses ...

pearson vue sample test 100% solved 2024 a. the landlord must have intentionally withheld required repairs or maintenance - Answer- In order for a tenant to claim relief for constructive eviction: a. the landlord must have intentionally withheld required repairs or maintenance b. any defects must be deemed to present a health hazard to the tenants c. the tenant must prove continuous residence in the premises d. the defect must be related to either heating or water systems c. bill of...