Real estate ownership Study guides, Class notes & Summaries
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Florida Community Association Manager Prelicensure Course 240 Questions with Complete Solutions 2023/2024
- Exam (elaborations) • 32 pages • 2023
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After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: 
A.$50,000 
B.$75,000 
C.$100,00 
D.$125,000 - Correct Answer C. 
 
A type of joint ownership of real estate where legal title is not vested in the individual, but the individual receives the right to occupy a unit, is a: 
A. mobile home. 
B. cooperative 
C. mandatory homeowners' associati...
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Texas Principles of Real Estate 1 Exam Practice Questions and Answers Verified 2023 - Champions School of Real Estate
- Exam (elaborations) • 6 pages • 2023
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Texas Principles of Real Estate 1 Exam Practice Questions and Answers Verified 2023 - Champions School of Real Estate. Townhomes and single-family homes differ in that ______a common wall. 
(a) townhomes share 
(b) single-family homes are sold as distinct living units within (c) owners of townhomes do not 
own the land because of (d) townhomes are retro-commissioned and share 
2. a: Rights that are associated with the ownership of real property are often referred to as the 
owner's: 
(a) Bundle...
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Texas Real Estate Principles 1 Practice Exam: Latest Updated A+ Guide: Questions & Answers
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Courses for the renewal of an active real estate broker or sales agent license are called 
(Ans- continuing education (CE) 
 
What is the maximum amount that the Commission will pay from the real estate recovery trust account for claims against any one license holder, until the account has been repaid in full by the license holder? 
 (Ans- $100,000 
 
Which is owned by the tenant? 
 (Ans- a trade fixture 
 
Which of the following terms refers not only to the surface of the earth but also below ...
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VA Real Estate Moseley Test Questions and Answers 2024
- Exam (elaborations) • 12 pages • 2024
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What are the classes of Property? - Personal Property and Real Property 
 
What is personal property? - Generally movable and unattached items. 
 
What is a trade fixture? - Personal property used for a person's business. (even if it attached to the real estate) 
 
What is Fructus Industriales? - Crops also known as chattle. 
 
What general categories does personal property fall under? - Intellectual, reputation, leases, partnership interests. 
 
Real Property - Everything within a specified bl...
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Illinois Real Estate Broker PSI Practice Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 12 pages • 2024
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A licensee was showing property in an eight-unit complex to a prospective tenant using a motorized 
wheelchair. The tenant wanted to rent a unit, install grab bars in the bathroom, and lower all the door 
handles. The landlord... - Must allow the tenant to make the modifications at the tenants expense, 
but can require, by the terms of the lease, restoration of the property 
Which of the following is the best description of a fee simple estate? - The most complete ownership 
in property that one...
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M-100 Community Association Management 2023/ 2024 Exam| Questions and Verified Answers with Rationales| Grade A+
- Exam (elaborations) • 41 pages • 2023
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M-100 Community Association Management 2023/ 2024 Exam| Questions and Verified Answers with Rationales| Grade A+ 
 
Q: Each of the following are key characteristics of community associations 
EXCEPT: 
a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. 
b. Membership in the community association is mandatory and automatic for all owners. 
c. A requirement of community association ownership is serving on the ...
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M100 Community Association Management Exam Questions with correct Verified Answers (Latest Update 2024)
- Exam (elaborations) • 70 pages • 2024
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M100 Community Association Management Exam Questions with correct Verified Answers (Latest Update 2024) 
 
Each of the following are key characteristics of community associations EXCEPT: 
a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. 
b. Membership in the community association is mandatory and automatic for all owners. 
c. A requirement of community association ownership is serving on the board of dir...
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McKissock Basic Appraisal Principles I Final Exam Quiz 100% Solved
- Exam (elaborations) • 14 pages • 2024
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McKissock Basic Appraisal Principles I Final Exam Quiz 100% Solved The _____ has oversight authority over state appraisal boards. ASC (Appraisal Subcommittee) 
Which of the below is a requirement of a valid real estate contract? consideration, in writing and signed, and lawful objective 
"The interaction of buyers and sellers who trade long-term or intermediate-term money instruments" is the definition of the _____________ market. capital 
An analysis of the market conditions of supply, demand...
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Florida Real Estate Exam Questions With Solutions Latest Updated 2023-2024 Rated 100%
- Exam (elaborations) • 161 pages • 2023
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Florida Real Estate Exam Questions With Solutions Latest Updated Rated 100%. In which form of co-ownership is a person's ownership inheritable? a. Joint tenancy 
b. Tenancy by the entirety 
c. Tenancy in common 
d. Tenancy in severalty 
c. Tenancy in common allows for a persons share to be inheritable, it does not automatically pass 
forth to the rest of the owners like in joint tenancy (this is called the right of survivorship). 
Florida Real Estate Exam Questions With 
Complete Solutions Lat...
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Certified Pennsylvania Evaluator Exam (CPE) Questions And Answers 2023
- Exam (elaborations) • 19 pages • 2023
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Certified Pennsylvania Evaluator Exam 
(CPE) Questions And Answers 2023 
Assessor - Correct Answer-Any person responsible for the valuation of real property for 
ad valorum taxation purposes 
Duties and Responsibilities of an Assessor - Correct Answer-Discovering, Listing, 
Valuing 
Clean & Green - Act 319 - Correct Answer-Has two values, Value in Use and Value in 
Exchange 
An Assessor is accountable to whom? - Correct Answer-Himself, taxpayers and all 
taxing authorities 
In order for an asses...
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