Trust and estate cases Study guides, Class notes & Summaries

Real Estate Finance AYPO Exam 2024 Real estate has been estimated to represent approximately -Answer-one-half of the world's total economic wealth. The buyer's ability to finance the property is an important, if not the -------, contingency in most residential transactions, and a significant driver in the entire real estate-based economy. -Answer-primary Texas is a: a. Lien Theory b. Title Theory -Answer-a. Lien Theory Lien Theory -Answer-In lien theory states such as Texas, the secur...

Certified Pennsylvania Evaluator (CPE) Exam Questions With Correct Answers Latest Updated Rated A+. 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 assessor to accomplish the task of discovering property, the assessor needs what? - Correct Ans...

Real Estate: Texas Law of Agency Questions with Certified Solutions Agency A relationship established between a principal and a real estate agent Agent The person who is authorized to represent and act on the behalf of another person Brokerage Agreement A written or oral agreement for brokerage services in exchange for compensation Client A person who is being represented by an agent Consumer A person requesting or receiving licensed services Customer A person who is not represented by an a...

Real estate has been estimated to represent approximately - ANSWER-one-half of the world's total economic wealth. The buyer's ability to finance the property is an important, if not the -------, contingency in most residential transactions, and a significant driver in the entire real estate-based economy. - ANSWER-primary Texas is a: a. Lien Theory b. Title Theory - ANSWER-a. Lien Theory Lien Theory - ANSWER-In lien theory states such as Texas, the security for a mortgage is a lie...

California Real Estate Test Exam 2024.Broker A receives two offers on Seller B's house, which is listed for sale at $250,000. The first offer is for all cash at $200,000. The second offer is for 20% down with 80% financing for the full price. What should the broker do with respect to both offers? - ANSWER Present both offers to the seller as soon as possible. The two primary documents dealing with payment of a loan are the mortgage or deed of trust and a - ANSWER promissory note. The term...

Certified Pennsylvania Evaluator (CPE) Exam Questions And Answers Latest Updated | Rated A+. 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 assessor to accomplish the task of discovering property, the assessor needs what? - Correct Answer-An ...

Broker A receives two offers on Seller B's house, which is listed for sale at $250,000. The first offer is for all cash at $200,000. The second offer is for 20% down with 80% financing for the full price. What should the broker do with respect to both offers? - Present both offers to the seller as soon as possible. The two primary documents dealing with payment of a loan are the mortgage or deed of trust and a - promissory note. The term that best describes a continuous urban corridor join...

Legal Aspects of Real Estate (Final Exam)fully solved already passed 20231. When do growing crops become personal property? A. Upon constructive severance B. When the landowner sells the entire property to another C. When they are planted D. At the end of the tenancy - correct answer A 2. A case involving questions of both federal and state law may be brought in: A. state court only B. federal court only C. state or federal court D. a special court that is reserved for cases with...

brokerage The business of bringing buyers and sellers together and assisting in negotiations for the terms of sale of real estate. real estate broker A person or an organization acting as the agent for others in negotiating the purchase and sale of real property or other commodities for a fee real estate salesperson A person performing any of the acts included in the definition of real estate broker but while associated with and supervised by a broker residential property...

INSOLVENCY LAW_ MRL3701 SUMMARY NOTES WITH QUESTIONS. Study unit 1: Introduction to Insolvency Law Case Law: NB: Magnum Financial Holdings (Pty) Ltd (in Liquidation) v Summerly and another NNO 1984 (1) SA 160 (W) Meaning of “insolvency” Common meaning – a person is insolvent when he is unable to pay his debts, however, The legal test for insolvency is whether the debtor's liabilities, fairly estimated, exceed his assets, fairly valued. The inability to pay debts Is merely eviden...