Chattels Study guides, Revision notes & Summaries
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MIE 305 Exam 3 Study Questions and Answers Top Graded 2024
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Real Property - The legal interests in land and things attached to, or growing on land. 
 
Personal Property - Referred to generally as chattel, the rights, powers, and privileges a person has in things that are not real property, may be transferred by sale, gift, or will. 
 
Chattels Real - An interest in land, such as a leasehold. 
 
Chattels Personal - Moveable personal property. 
 
Chattel Personal in Action - Something to which one has a right to possession, but concerning which one which m...
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NC Superior Real Estate School - Chapter 1 Questions and Answers 100% Correct
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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...
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Pearson VUE Real Estate - National & Idaho Exam Questions And Correct Answers
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Pearson VUE Real Estate - National & Idaho Exam Questions And Correct Answers 
 
Real Property 
Real Estate plus the interests, benefits, and rights inherent in the ownership of real estate 
Personal Property 
is moveable (chattels) 
Fixture 
Personal property that has been affixed to land or a building that it is part of the real property 
Trade fixtures 
An article owned by a tenant and attached to rented space or a building for use in operating a business 
Emblements 
Annual plantings of crop...
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Real Estate Dynamics chapter 1 Questions with Complete Solutions
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what is property? Correct Answer-property consists of things plus the rights of ownership 
 
what is personal property and what is a distinguishing factor? Correct Answer-personal property are items that the seller can load into a van after the moving sale. 
 
what is chattels personal Correct Answer-things like cars, boats furniture money etc 
 
what is chattel real Correct Answer-chattel real are items that extend to the owner and interest in the property such as leases, mortgages, contracts t...
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Alaska Real Estate Latest Version Already Passed
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Alaska Real Estate Latest Version Already Passed Personal Property Items that do not fit into the definition of real property; moveable objects; chattels 
Real Property land and anything attached to it 
Fixture An article of personal property that has become real property because it has. Even permanently affixed to the property 
General partnership An association of two or more individuals who carry on a continuing business for profit; all co-owners are general partners & share full liability fo...
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Rockwell Real Estate exam 2023 with 100% correct answers
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3 methods of legal description - correct answer Metes and Bounds - Local. Describes the property location in the location itself 
 
Government Survey method - Used to identify the location of the property in reference to the united states survey map. Meridian and Baselines, Range and township lines 
 
The lot and black method is the standard method for describing downs and cities. - Map showing lots and blocks in the subdivision is called a plat or a plat map. 
 
A developer building on vacant...
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Law of Contracts - CHAMPIONS TEST|Latest Update Graded A+
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Law of Contracts - CHAMPIONS TEST|Latest Update Graded A+ 
The TREC residential contract forms are: 
Drafted by the Broker Lawyer Committee 
 
 
Wrongful or criminal deception intended to result in financial or personal gain is called: 
fraud 
 
 
Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. 
goods 
 
 
If a seller will continue to occupy the property for one month after the closing, the buyer and seller should: 
Enter into a Seller's Temporary Residenti...
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CA DRE Salesperson Exam with complete solutions
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What are the two types of freehold estates? - ANSWER-1) an estate in fee (simple absolute) 
2) a life estate. 
 
What is the most complete, largest type of estate that includes all rights associated with the estate? - ANSWER-An estate in fee simple absolute 
 
What type of estate do you own if someone grants you real property for you to own only during your lifetime? When you die, the property reverts back to original estate owner. - ANSWER-a life estate 
 
The rights of tenants who rent or lea...
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Law of Contracts - CHAMPIONS TEST 2024 WITH COMPLETE SOLUTIONS((Rated A+).
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Law of Contracts - CHAMPIONS TEST 2024 WITH COMPLETE 
The TREC residential contract forms are: - ANWER-Drafted by the Broker Lawyer Committee 
 
Wrongful or criminal deception intended to result in financial or personal gain is called: - ANWER-fraud 
 
Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. - ANWER-goods 
 
If a seller will continue to occupy the property for one month after the closing, the buyer and seller should: - ANWER-Enter into a Seller's Te...
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LEGL test #3 with Complete & Verified Answers
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LEGL test #3 with Complete & Verified Answers 
The tree that owns itself - Answer ️️ Guy who loved the tree deeded the land of the tree to the 
tree itself in 1832 
the property right that creates all rights - Answer ️️ right to exclude others 
what can you do with property - Answer ️️ Right to exclude others, Rent, Recreation, Extract 
resources from it (coal, oil, farming, animals), Sell it, Collateral 
how do you get property - Answer ️️ Buy it, Gift, Inheritance, Tax liens, A...