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

NC real estate broker pre-licensing exam Syndication -Answer-Two or more forms joining together as an entity to own real estate Estate in severalty -Answer-Ownership by one individual Concurrent ownership -Answer-Two or more persons share ownership with undivided interests Tenancy in common -Answer-Co-ownership without right of survivorship to other owners Police power -Answer-The broad right of the government to place reasonable restrictions on the use of privately held land Easement -An...

CA Real Estate Salesperson Exam Land - 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 - generally refers to land with permanent manmade improvements. Real property - 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 rig...

brokerage A business that pertains to overseeing the needs of the parties and completing a transaction they may or may not involve agency relationships Real Estate Development Involves the acquisition of land for development into residential subdivisions, retail centers and other commercial uses. immobility It's a physical characteristic of land that cannot be moved The demand for real estate is affected by growth in employment, transportation systems, personal preferen...

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...

Law is the body of rules and principles that every member of society must follow. It is a collection of norms and rules that allow, mandate, or forbid conduct by both people and organizations. The system is designed to promote safety, equity, equality, and the general welfare of all its members. Without laws, society would be in chaos and anarchy would prevail. For this reason, society has designed a complex set of laws that set guidelines for personal and business conduct. It is rare for an...

Real Estate Salesperson California State Exam Questions and Answers 100% Pass Which of the following is most vital or important in planning a subdivision: - Correct Answer ️️ -Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - Correct Answer ️️ -Percentage Lease What is not an adequate method of transferring property? - Correct Answer ️️ - Executive Sale What is considered personal property? - Corre...

Article 26 of the Arizona Constitution - Answer Gives licensees the authority to prepare all types of real estate contracts but only when preparation is incidental to their function as agent and agent does not charge for preparation. Statute of Frauds - Answer Requires real estate contracts to be in writing to be enforceable Commisioner's Rules - Answer Not law but have the force and effect of law on licensees Real Estate Commissioner - Answer Appointed by the Governor. Needs 3 years o...

1. Many states determine the order of water rights according to which users of the water hold a recorded beneficial use permit. This allocation of water rights is determined by: A. accretion. B. riparian theory. C. littoral theory. D. the doctrine of prior appropriation. - Answer D. All terms relate to water rights, with "riparian" -- the right to use water adjacent to one's property -- being the most common in sections of the U.S. where water is abundant. However, in states where ...

AP World History - ALL UNITS. Verified, rated A+ Units 1-5: 600 BCE through present {Includes all "Important Terms", all "People, Places, and Events" terms, and other bolded vocabulary throughout the chapters} *All vocabulary from the Princeton Review 2011 Edition* Abdicate - -to resign; formally give up an office or a duty Allies - -alliance of nations joining together to fight a common enemy Armaments - -weapons and supplies of war with which a military unit is equipped Armi...

The right to control one's property includes all of the following EXCEPT 1 the right to invite people on the property. 2 the right to exclude the utilities meter reader. 3 the right to erect "no trespassing" signs. 4 the right to enjoy pride of ownership. - Answer the right to exclude the utilities meter reader. This right to enter and work on a property is granted to utility companies (water, sewer, gas and electric) as well as telephone and cable companies. Essentially, if a compan...