Tenants in common Study guides, Revision notes & Summaries

Superior Real Estate School Exam - Questions and Answers Jack is a licensed real estate professional in Illinois. He has been a broker for many years, but is not licensed in NC. Jack has a friend who wants to purchase a home in Charlotte, NC. In regard to the representation of this buyer all of the following are TRUE, EXCEPT: A. Jack may refer the buyer to a licensed NC broker and receive a referral fee even though he is not licensed in NC. B. Jack may meet with the buyer in Illinois and expla...

The right of a utility company to enter someone's property for the purpose of repairing or maintaining the utility service is called (A.) an easement in gross (B.) an easement appurtenant (C.) eminent domain (D.) a prescriptive easement - (A.) An easement in gross Mark, Linda, Susanne and George own a property as joint tenants. Linda sells her interest to Phil. What is the relationship of the parties? (A.) Phil replaces Linda as a joint tenant with 25% interest in the property. (B.) Ph...

Tenancy at Will - ANSWER No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance - ANSWER Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants in common - ANSWER Ownership where tenants could have different amounts of ownership. If passed away heir will take over the undivided ownership (no survivorship) Joint Tenants - ANSWER 2 or more people own equal rights with the right of survivors...

Superior Real Estate School Exam Questions and Answers All of the following are physical characteristics of land except: A. Indestructibility B. Uniqueness C. Immobility D. Scarcity - Answer- D. Scarcity Under the doctrine of specific performance, the party harmed by breach of a real estate contract can ask a judge to force the breaching party to carry out the terms of the contract rather than order the breaching party to pay monetary damages. Which physical characteristic of land is t...

You are the security subject matter expert (SME) for an organization considering a transition from the legacy environment into a hosted cloud provider 's data center. One of the challenges you 're facing is whether the cloud provider will be able to comply with the existing legislative and contractual frameworks your organization is required to follow. This is a _________ issue. a. Resiliency b. Privacy c. Performance d. Regulatory D 76. You are the security subject matter expert (SME) ...

Tennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% CORRECTTennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% CORRECTTennessee National Portion REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% CORRECT A corporation is - ANSWER-a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is - ANSWER-property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permi...

A corporation is a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a tenancy in common between the new owner and the remaining joint tenants The owner of a condominium unit learns that a neighbor has failed to pay real estate taxes. I...

NJ Real Estate Broker's Exam Question and answers rated A+ 2023/2024 The right of a utility company to enter someone's property for the purpose of repairing or maintaining the utility service is called (A.) an easement in gross (B.) an easement appurtenant (C.) eminent domain (D.) a prescriptive easement - correct answer (A.) An easement in gross Mark, Linda, Susanne and George own a property as joint tenants. Linda sells her interest to Phil. What is the relationship of the...

How many married spouses take title to property in GA? - Answer- as joint tenants or tenants in common Which of the following is a way in which an easement may be terminated? - Answer- merger The acroymn DUST stands for - Answer- characteristics of value If a borrower using a fixed-rate VA loan wants to pay off the loan sooner, the prepayment penalty is - Answer- none Which of the following are the buyers responsiblity to furnish at closing? - Answer- settlement funds and loan commit...

A corporation is a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a tenancy in common between the new owner and the remaining joint tenants