Restrictive covenant Study guides, Revision notes & Summaries

Absolute Immunity A policy of protecting public officials from tort liability (Chapter 10) A High-level executive officer cannot be held liable for his or her discretionary acts or ormissions. (Chapter 11) Abuse of Process The improper use of various litigation devices. The Elements of this tort are: 1) an ulterior purpose; and 2) a willful act in the use of the process not proper in the regular conduct of the prceddings. (Chapter 10) Abut Two parcels of land that physically tou...

NC Superior Real Estate School - Chapter 5 Exam Chapter 5 Vocabulary: Land Use Controls -Answer-Chapter 5 Vocabulary: Land Use Controls Amendment -Answer-A change or modification of a zoning ordinance by the local legislative authority Building Codes -Answer-Public controls regulating conduction that establish minimum construction standards. Most structures require building permit Building inspectors certified by NCDI (department of insurance) Statewide codes enforced locally Issue cert...

(Answered) PSI Real Estate Exam - Transfer of Title Acknowledgment When a person who has signed a document formally declares to an authorized official (usually a notary public) that he or she signed voluntarily. The official certifies that the signature is voluntary and genuine. Adverse Possession Acquiring title to someone else's real property by possession of it. The possession must be open and notorious, hostile and adverse, exclusive, and continuous for more than 21 years. Bargain and Sa...

Examination for Missouri Insurance Producer's License Questions and Answers 100% accurate! Abstract of Title - ANSWERA summary of public records relating to the title to a particular tract of land. Acknowledgement - ANSWERA formal declaration before a duly authorized officer (usually a notary public) by a person who has executed an instrument that such execution is his own act and deed. An acknowledgement is necessary to entitle some instruments to be recorded, to impart constructive no...

A Community is defined as Real or personal property owned by two or more entities, with a "legally binding agreement (covenant) to share responsibility and costs for maintenance and administration of property, assets, and association, and with specific rights granted to the members. Community Associations are structured by Formal (in writing), legal documents defining property rights, rules and restrictions. Community Associations are also referred to as Covenant Concept...

Acknowledgment When a person who has signed a document formally declares to an authorized official (usually a notary public) that he or she signed voluntarily. The official certifies that the signature is voluntary and genuine. Adverse Possession Acquiring title to someone else's real property by possession of it. The possession must be open and notorious, hostile and adverse, exclusive, and continuous for more than 21 years. Bargain and Sale Deed A deed that implies the grantor owns the ...

Ohio Real Estate Exam Complete Questions and Answers(Latest Update 2024) Which would a buyer prefer: Land installment contract or purchase money mortgage? - ANSWER purchase money mortgage - the buyer will receive the deed to the property on the day of closing. -A purchase money mortgage does not transfer any title to the buyer; rather, it is a method by which the seller finances the transaction. -In a land installment contract, the buyer does not receive the deed until the final payment i...

Humber Real Estate - Course 2, Module 3, Understanding Residential Property Types, Ownership and Planning A self-contained housing unit with one or more habitable rooms containing at minimum a kitchen, bathroom facilities and an exit from the building. Define a 'Dwelling Unit' - A duplex is under single ownership (under 1 title) ... the dwelling units can then be lived in or rented out - The 2 dwelling units in a semi-detached structure are each owned separately (under 2 titles) What i...

MHA 706 Module 5 The interest rate is described as the ..... on a debt security. - correct answer cost of capital What are the corporate bond types? - correct answer mortgage bonds, debenture bonds, subordinated debenture bonds Bond contracts typically contain... - correct answer Maturity agreements, Interest rate and type, Restrictive covenant, Trustee designation Debt ratings - correct answer reflect the probability of default The financial value of an asset stems... - correct...

How many square feet in one acre? - There are 43,560 square feet in an acre Mr. and Mrs. Conners sold their home and paid an 8% commission to their realtor. Assuming no other fees, if they walked away from the sale with $306,000, about how much did their house sell for? - $332,600 To solve this problem, set up an equation using P for the answer you seek: You know that the seller walked away with $306,000. If the agent was to take 8% of the selling price (P), then the seller received 92% of...