Right of survivorship Study guides, Revision notes & Summaries

Tenants in Common - Passed to surviving heirs - ANSWERTenants do not have right of survivor ship. If a tenant dies, ownership is passed to the surviving heirs. Joint Tenancy - Right of Survivorship - ANSWERA form of concurrent ownership, which occurs when two or more persons own a single estate in land, with right of survivorship. Must have equal shares, right to partition. Warranty Deed - Main, basic deed - ANSWERA deed that guarantees a clear title to the buyer of real property. They ar...

Bermuda Real Estate and Licensing Exam with Complete Solution Latest 2024/2025. Defect/Cloud in the title - Ans Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: - Ans Has no specific expiration but the length is specified (like a month to month lease) Net Lease - Ans lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession - Ans A ...

NC real estate broker pre-licensing exam Syndication -Answer-Two or more forms joining together as an entity to own real estate Estate in severalty -Answer-Ownership by one individual Concurrent ownership -Answer-Two or more persons share ownership with undivided interests Tenancy in common -Answer-Co-ownership without right of survivorship to other owners Police power -Answer-The broad right of the government to place reasonable restrictions on the use of privately held land Easement -An...

1 1135 OHIO LIFE & HEALTH INSURANCE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ Which of these must be disclosed in a company's universal life policy?i - -The policy's surrender charges Which type of life insurance typically offers mortgage protection? - -Decreasing term Dividends from a mutual insurance company are paid to whom? - -Policyowners These are all accurate statements regarding universal life insurance EXCEPT - -Policy loans are not permitted Which of these is NOT a reas...

Because the United States started as an English colony, our legal system is a mix of common law and civil law Which of the following is not one of the four main sources of law? Contract law Based on the two broad categories of law, which one covers typical cases involving contracts and property ownership? Civil law The California _________ is the highest court level and all courts in California are bound by its decisions. Supreme Court Some courts recommend that p...

Maine Real Estate Final Exam 2023-2024 Questions and Answers 100% CorrectMaine Real Estate Final Exam 2023-2024 Questions and Answers 100% CorrectMaine Real Estate Final Exam 2023-2024 Questions and Answers 100% CorrectMaine Real Estate Final Exam 2023-2024 Questions and Answers 100% Correct An adequate legal description of real estate is one: - ANSWER-by which a reasonable person can determine what property is described - the legal description is legally "adequate" if a reasonable person cou...

When discussing the concept of total square footage with your client, what is the BEST way to describe how the total square footage is measured? A. Total area of the property measured from the inside walls of the home. B. Total Area Under Roof (TAUR) C. Measure all square footage of included real property, including both attached and detached structures. D. Living area square footage only. - ANSWER Correct!! Answer: Total Area Under Roof (TAUR) (This question covers Property Owners...

121 Principles of Real Estate Latest Final Exam Review. 1. The listing is always taken in the name of the _________ and becomes the property of the ___________. A. Broker—salesperson B. Salesperson—seller C. Broker—broker D. Broker—seller (Ans- C. Broker- broker A deed is used to transfer ownership of real estate. A bill of sale would be used to transfer ownership of: A. A mortgage B. Personal property C. A deed of trust D. A house and 2 acres of land (Ans- B. Personal pr...

NC real estate broker pre-licensing exam Questions and Answers! Syndication - ANSWER Two or more forms joining together as an entity to own real estate Estate in severalty - ANSWER Ownership by one individual Concurrent ownership - ANSWER Two or more persons share ownership with undivided interests Tenancy in common - ANSWER Co-ownership without right of survivorship to other owners Police power - ANSWER The broad right of the government to place reasonable restrictions on the u...

What is the form of co-ownership in which two or more persons each have an undivided interest in the property but no right of survivorship? - Tenancy in Common A type of ownership that is considered a long-term lease is best described as: - Cooperative Building codes are primarily enforced by: - the issuance of permits An interest in and possession of any real property is called - An estate Roberta wishes to build her garage 2 feet from her side lot line. City code calls for all side setbac...