Priority estoppel Study guides, Revision notes & Summaries

1. Many states determine the order of water rights according to which users of the water hold a recorded beneficial use permit. This allocation of water rights is determined by: A. accretion. B. riparian theory. C. littoral theory. D. the doctrine of prior appropriation. - Answer D. All terms relate to water rights, with "riparian" -- the right to use water adjacent to one's property -- being the most common in sections of the U.S. where water is abundant. However, in states where ...

RECA Fundamentals Verified Q&A Scored 100% Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome *ANS* duty-based ethics Sells the optimal result for the greatest number of people *ANS* utalitarian ethics Punishment for a technical breach *ANS* Advisory note One or two potentially serious infraction would cause this punishment *ANS* Administrative penalty/ fine These two ways of creating a representation relationship should not be do...

NYS Real Estate Exam Questions And Correct Answers. Complete Verified Solutions Which of the following is considered a fixed operating expense? utilities, cleaning expenses, insurance premiums, management fees. Insurance Premiums What is overage rent? Rent calculated on a percentage of sales volume what is the amount a buyer owes at closing equal to? The excess of the buyers debits over the buyers credits real estate agents are typically what kind of agent special agent what is the em...

BSAD 324 exam 2|76 Questions with Verified Answers Tony writes a check to purchase jewelry. He writes the numerical figure $250.00 in the small box on the right-hand side of the check. Then, in clear handwriting, he writes out the figure, "two hundred and seventy dollars and no cents." What is Tony liable for? - CORRECT ANSWER 270.00 Sergio gets a haircut from Amelia and writes a check to pay for it. In this transaction, the drawee is: - CORRECT ANSWER the bank on which the check is draw...

Legal Aspects of Real Estate: Online Exam Questions and Answers 100% Pass 1. Under the English legal system, legal disputes were settled: (Page 1) b) on a case-by-case basis before a judge. 2. Under Spanish civil law, legal disputes were settled by: (Page 1) d) pre-established statutes. 3. The federal and state governments are divided into the judicial and executive branches. (Page 2) c) legislative 4. Eminent domain the right of the government to: (Page 3) a) take private property for public...

PHR Prep Practice Exam 64 Questions with Verified Answers If a security law is violated, who must legal counsel first report the violation to? A. The DOL B. The PCAOB C. Either the chief legal officer or the company CEO D. Audit committee of the BOD - CORRECT ANSWER C. Under SOX, any breach of fiduciary responsibility must be report to either the chief legal officer or the company CEO by either in-house or outside legal counsel. If no resolution occurs, the next step in remaining compli...

PVL3701 - Law Of Property LATEST STUDY PACK 2021. 1. Define (a) law of things (6) The law of things can be defined as a branch of private law which consists of a number of legal rules that determine the nature, content, vesting, protection, transfer and termination of various real relationships between a legal subject and a thing, as well as the rights and duties ensuing from these relationships. (b) law (5) That body of rules and norms which regulates and harmonises society by demarcating...

Test 3- NJ REAL ESTATE Exam Questions with Verified Answers Rated A+ Which of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings *ANS* C. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building only. B. the l...

Test 1- NJ Real Estate Exam (Answered) Rated 100% Broker *** One who buys and sells for another for a fee. Broker-Salesperson *** A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control *** regulations covering out of state properties sold in NJ continuing education *** 12 hours required every two years, two of which must be on ethics NJ Real Estate Commission *** Department of Banking and Insu...

WGU C233: STUDY GUIDE LATEST 2023 GRADED A American with Disabilities Act (ADA) *** Employers with 15 or more employees are prohibited from discriminating against people with disabilities. In general, the employment provisions of the ADA require: - equal opportunity in selecting, testing, and hiring qualified applicants with disabilities - job accomodation for applicants and workers with disabilities when such accomodations would not impose "undue hardship" - equal opportunity in promot...