Freehold estates Study guides, Revision notes & Summaries

California Real Estate Exam: Questions & Answers Latest Update 2023/2024 100% Verified. Reed vs. King Case (Ans- Must disclose death (and manner of death) on a property if occurs within 3 years, except AIDS Jones vs. Mayer Supreme Court Decision (1968) (Ans- Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights Act of 1968) Easton vs Strassburgar (Ans- Seller disclosures to third parties AND agent visual inspection of all...

A home is being purchased for $275,000. The buyer agrees to an 80% loan with the seller paying $5,000 of the buyer's closing costs. What amount will the ... - $55,000 A national company desires a parcel of land which must be four times the size of its proposed building. If the building design includes 20,000 square feet .... - B) 2 acres A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the .... Accor...

Distinction level Land Law notes (overall grade, 83) Crafted by a recent graduate who received a distinction in the very same course, these notes are tailored to your PGDL program, ensuring they cover the crucial Land Law concepts you need to master. Aligned with the PGDL program at the University of Law, these distinction level notes perfectly complement the course. These notes are structured to align perfectly with the 'problem question' format in the exams, making them the pe...

RELE 1211 – Law of Contracts Final Exam A+ 2023. Which of the following is FALSE regarding community property? a. It consists of real and personal property acquired by either spouse during the marriage. b. Its conveyance requires the signature of both spouses. c. The spouses can will their half of the property to whomever they desire. d. It can be mortgaged or conveyed by one spouse without the consent of the other. 5. Fee simple ownership, shared walls, and a fractional interest in comm...

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...

CHAPTER 3 Mortgage Loan Foundations: The Time Value of Money TRUE/FALSE 1. In order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable. (T) 2. One way to calculate the present value of a single payment is with the following formula: PV = FV * (1+i)n. (F) 3. At 6%, the present value of a $1 payment in 12 months is .. At 7%, the present value of a $1 payment in 12 months is .. (F) 4. The future value of $800 deposited ...

CA DRE Salesperson Exam with 100% Verified solutions 2024 What are the two types of freehold estates? 1) an estate in fee (simple absolute) 2) a life estate.

Life Estates - correct answer -level 13 chp 2 The Four Main Types of Estates - correct answer -Freehold Estates Leasehold Estates Equitable Estates Concurrent Estates Freehold Estates - correct answer -Three Types of Freehold Estates Okay, so now you know what a freehold estate is. Let's break it down further into three categories: Fee simple absolute estate Defeasible fee estate (also called qualified fee or fee simple defeasible) Life Estate Fee Simple Estate/Fee Simple Absolu...

The economic characteristics of land are - Answer- scarcity, location, and durability A major difference between freehold and nonfreehold estates is that all freehold estates - Answer- are of indeterminable duration An easement can be terminated by - Answer- merger of titles The land description T3N, R4W Principal Meridian refers to what method of property description? - Answer- Rectangular survey Tenants are still in their rental property even though their lease has expired. The lan...

Real Property (Barbri) Exam Questions & Answers 2023/2024 The Present Estates/Freehold Estates - ANSWER-1. Fee Simple Absolute 2. Fee Tail 3. Defeasible Fees (3 types) a. Fee Simple Determinable b. Fee Simple Subj. to Cond.Subsequent c. Fee Simple Subj. to Executory Limitation 4. The Life Estate The Present Estates/Freehold Estates - ANSWER-The Bar will expect you know three things with respect to each estate 1) What language creates it? 2) What are the estate's distinguishin...