Estates and interests over land Study guides, Class notes & Summaries

Texas Real Estate Law - SAE Champions School Of Real Estate Exam With Complete Solutions CERCLA Liability Rules - answerHazardous Substance Liability 1. Owner 2. Prop Manager 3. Cleaner of the Facility Fair Credit Reporting Act - answerA federal law that established procedures that consumer- reporting agencies must follow in order to ensure that records are confidential, accurate, relevant and properly used. Truth in Lending Act - answerAn act which requires lenders to inform borrowers o...

Indiana Real Estate Exam Prep Review, Verified Solution Land Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration Zoning Board of Adjustment oversees rule administration and appeals Real estate land plus manmade permanent attachments Real property real estate plus bundle of rights Bundle of Rights Possess Use Transfer Exclude Encumber Physical Characteristics Immobility; indestructibilit; hetoerogeneity Immobility Land cannot m...

Chapter 03 Extent of Real Estate Interests TRUEFALSE 1. Land ownership includes air rights and subsurface rights. (A) True (B) False Answer : (A) 2. Air rights and subsurface rights cannot be conveyed independently. (A) True (B) False Answer : (B) 3. Because a landowner owns the airspace above the land, air travel through that airspace is prohibited. (A) True (B) False Answer : (B) 4. A column lot is the space between the earth's surface and an imaginary plane 23' above the surface. ...

Define 'Estate' An interest in land that contains various rights associated with ownership or tenancy. What are the 2 most common types of estates? Fee simple & leasehold. What type of rights would be required to build a bridge, railroad or skyscraper? Air rights What type of rights would be required to build on a parcel of land? Surface (or ground level) rights What type of rights manage the property owner's access to and use water, and are often encountered i...

Land - ANSWER-The physical property and any natural objects on it - like trees and bodies of water, often referred to as a "lot', "site", or "parcel". Real estate - ANSWER-generally refers to land with permanent manmade improvements. Real property - ANSWER-refers not only to the land and its improvements, but also the bundle of rights, powers, and privileges ("bundle of rights") that are legally connected to ownership of that land. Transferred by deed. Tangible rights - ANSWER-b...

ad volorem - Answer- according to value 3 Responsibilities of an assessor - Answer- Discover List Value Important tools in the discover of property - Answer- Adequate mapping system Recorded information Periodic on-site inspection Different class identifications - Answer- Real Personal Exempt Utility Important elements in the listing of property - Answer- Legal description Street address Parcel identifier Property class Property use Property situs Physical attributes ...

brokerage the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction; a brokerage transaction may or may not involve agency relationships The role of a property manager Generally responsible for the day to day operations of the property, maintenance, and tenant relations How are home inspectors licensed? Home inspectors are licensed in Texas by TREC. Real Estate Development most often involves the acquisition ...

CERCLA Liability Rules Hazardous Substance Liability 1. Owner 2. Prop Manager 3. Cleaner of the Facility Fair Credit Reporting Act A federal law that established procedures that consumer-reporting agencies must follow in order to ensure that records are confidential, accurate, relevant and properly used. Truth in Lending Act An act which requires lenders to inform borrowers of all direct, indirect and true costs of credit. Equal Credit Opportunity Act (ECOA) The federal...

How many square feet in one acre? There are 43,560 square feet in an acre Mr. and Mrs. Conners sold their home and paid an 8% commission to their realtor. Assuming no other fees, if they walked away from the sale with $306,000, about how much did their house sell for? $332,600 To solve this problem, set up an equation using P for the answer you seek: You know that the seller walked away with $306,000. If the agent was to take 8% of the selling price (P), then the seller received 92% ...

Texas Real Estate Law - SAE Champions School of Real Estate Exam Questions with Complete & Updated Solutions CERCLA Liability Rules - Answer ️️ -Hazardous Substance Liability 1. Owner 2. Prop Manager 3. Cleaner of the Facility Fair Credit Reporting Act - Answer ️️ -A federal law that established procedures that consumer-reporting agencies must follow in order to ensure that records are confidential, accurate, relevant and properly used. Truth in Lending Act - Answer ️️ -An ac...