- Study guides, Class notes & Summaries

Which of the following is most vital or important in planning a subdivision: -Answer Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: -Answer Percentage Lease What is not an adequate method of transferring property? -Answer Executive Sale What is considered personal property? -Answer Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value of ...

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13 pages

Written in 2022/2023

Grade A+

shantelleG

What are the two types of freehold estates? - ANSWER1) 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? - ANSWERAn 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. - ANSWERa life estate The rights of tenants who rent or lease ...

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10 pages

Written in 2022/2023

Grade A+

shantelleG

Ca DRE (Actual) Exam Graded A+,CA DRE Real Estate Practices Exam Answered 100% Correct, CA Real Estate Exam- Practice with Complete Solutions, CA Real Estate Salesperson Exam Solved 100%, CA DRE Financing Real Estate Latest Updated Graded A+, Real Estate Salesperson California State Exam 2023 Graded A+, CA State Real Estate Study Guide (1) 2023

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7 items

LUCKYSTAR2022

The term "property" refers to - ANSWER-The rights or interests in the thing owed Which of the following is considered real property? - ANSWER-Airspace above the land Which of the following is considered personal property? - ANSWER-Leasehold estate which of the following is considered personal property - ANSWER-emblements The highest quality and quantity of ownership in real property is: - ANSWER-fee simple Which test is not a general test of a fixture - ANSWER-Time of attachemen...

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10 pages

Written in 2022/2023

Grade A+

LUCKYSTAR2022

The term "property" refers to - ANSWER-The rights or interests in the thing owed Which of the following is considered real property? - ANSWER-Airspace above the land Which of the following is considered personal property? - ANSWER-Leasehold estate which of the following is considered personal property - ANSWER-emblements The highest quality and quantity of ownership in real property is: - ANSWER-fee simple Which test is not a general test of a fixture - ANSWER-Time of attachemen...

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10 pages

Written in 2022/2023

Grade A+

millyphilip

There are three main areas within this subject: Listing of real property Sales contracts Marketing - ANSWER-There are three main areas within this subject: Listing of real property Sales contracts Marketing Real Estate Practices describes government regulation of brokerage transactions, the operations of the Department of Real Estate, types of real estate licenses, requirements for obtaining broker and salesperson licenses, continuing education requirements, and, violations of real ...

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23 pages

Written in 2022/2023

Grade A+

millyphilip

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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10 pages

Written in 2022/2023

Grade A+

millyphilip

OR rule - ANSWER-Implying Giving EE rule - ANSWER-implying receiving Bundle of Rights - ANSWER-The rights of an owner to possess, control, enjoy, sell, lease, mortgage, and dispose of the property. Real Property - ANSWER-physical property such as land and buildings, generally immovable Personal Property - ANSWER-possessions such as jewelry, furniture, and boats Chattel Real - ANSWER-personal property fixture - ANSWER-incorporated into the land, real property Trade Fixtures -...

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9 pages

Written in 2022/2023

Grade A+

millyphilip

1031 tax-deferred exchange - ANSWER-Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest in a "like-kind" property and defer paying any capital gains taxes; strict IRS rules regulate this type of exchange 1031 tax-deferred exchange - ANSWER-Ex. Real estate investors can take advantage of the ________________ to defer capital gains taxes when selling a property, provided the money is rolled into another "like" purchase Abutt...

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73 pages

Written in 2022/2023

Grade A+

millyphilip