Oregon Real Estate Exam (Passed!)

Crops could be used as _______________ on a loan? correct answers Security Syndicates may be organized as which of the following: correct answers Trust, Joint Venture, and Corporation MOG rights for real property refer to ________________________________? correct answers Mineral, Oil, and Gas Rights. There are two types of partnerships: correct answers General Partnership and Limited Partnership Which of the following would be considered a right of ownership under the bundle of rights? correct answers Water Rights, Mineral, Oil and Gas Rights, and Right to Build on the Property. Riparian Rights refer to water that _____________________ to a property correct answers Flows Through or Adjacent If the crop of a perennial planting is sold, then it becomes ____________________ correct answers The Personal Property of the Purchaser An advantage of forming an S Corporation is _____________________. correct answers Avoiding Double Taxation A corporation is owned by individual shareholders who purchase ______ in the company. correct answers Shares Joint ventures in the United States began with the railroads in the late __________. correct answers 1800's When using the appropriative rights for water, an ________________ must be granted. correct answers Application The document used to create a lien used for PERSONAL PROPERTY is a _________________ correct answers Security Agreement The documents used to create a lien used for REAL PROPERTY is a _________________ correct answers Note, Deed of Trust, Mortgage An owner of a parcel of land sold the mineral right to the land to another person. The mineral rights... correct answers Were Real Property and are now Personal Property A life estate is an estate for the duration of the lifetime of ___________person(s) correct answers One or More