Naturales Study guides, Class notes & Summaries

Because the United States started as an English colony, our legal system is a mix of common law and civil law Which of the following is not one of the four main sources of law? Contract law Based on the two broad categories of law, which one covers typical cases involving contracts and property ownership? Civil law The California _________ is the highest court level and all courts in California are bound by its decisions. Supreme Court Some courts recommend that p...

manufactured home - ANSWER aka mobile home or trailer. personal property that becomes real property when hitch and axles are removed, home is permanently attached and DMV title is canceled. Built to federal HUD building codes. Y3 modular home - ANSWER never movable by itself; always real property once it has been assembled. Built to NC state building codes. Y3 fructus naturales - ANSWER "fruits natural" naturally occurring vegetation that does not require annual planting and cultivation ...

Superior Real Estate School 1-10 Review Exam Questions And Answers 100% Verified 18 months to complete - answer3 30 hour post licensing courses Failure to pay renewal fee by ____ will result in a _____ status failure to complete CE by_____ means your license will____ on ____ - answer-pAy = Expire June 10th cutoff for ce, be inactive on midnight june 30th Unlicensed assistants (in a residential sales office) can... cannot... - answerCan- complete preprinted forms, perform admin duties, sc...

Time share - ANSWER A right to occupy a unit during 5 or more separate time periods over a period of at least 5 years, can be freehold or non-freehold estate What are other names for a time share? - ANSWER Vacation lease, prepaid hotel reservation, club membership, limited partnership or vacation bond How long does someone have to cancel a time share contract? - ANSWER 5 days How long must a time share developer keep money in a trust account? - ANSWER 10 days before moving to operating ...

National Real Estate Exam Outline - Pearson Vue, Questions And Correct Answers Real property The interests benefits and rights inherit in real estate ownership often used as a synonym for Real Estate conveyed by deed Personal property Items called chattels or personalty that do not fit into the definition of real property such as movable objects and bill of sale Fixtures Personal property that's so attached to land or building that by law becomes part of real property such as Plumbing l...

Time share - Answer- A right to occupy a unit during 5 or more separate time periods over a period of at least 5 years, can be freehold or non-freehold estate What are other names for a time share? - Answer- Vacation lease, prepaid hotel reservation, club membership, limited partnership or vacation bond How long does someone have to cancel a time share contract? - Answer- 5 days How long must a time share developer keep money in a trust account? - Answer- 10 days before moving to operat...

Broker Person or company licensed to sell buy exchange or lease real property for others and to charge a fee for those services Salesperson (affiliate broker) Employed by or associated with the broker to perform brokerage activities on behalf of the broker Appraisal Assessing a properties market value done by an appraiser Property manager Hired to manage a property on behalf of the owner Caveat emptor Buyer beware, is the law NAR (national association of r...

Oklahoma Real Estate Exam PSI Questions and Answers 100% Pass Real Property or "Realty land along with its improvements Real property and what are generally synonymous? Real Estate (Real Property is the preferred term when distinguishing between Personal Property.) Estate generally, everything one owns Land earths surface, subsurface to the center of the earth, the space overhead, and the rights to each Improvements Additions to property that increase its value or enhance its ...

Superior School of Real Estate (NC Real Estate Prelicensing) Exam Questions and Answers Bundle of Rights -Answer-Right to possession of the property: the right of quiet enjoyment of the property; the right to exclude others; the right to dispose of the property by gift, by sale, or by will; and the right to control the use of the property and profits within the limits of the law Tenements -Answer-All corporeal and incorporeal rights in land Corpreal Rights -Answer-Tangible things Incorpre...

Because the United States started as an English colony, our legal system is a mix of - Answer- common law and civil law Which of the following is not one of the four main sources of law? - Answer- Contract law Based on the two broad categories of law, which one covers typical cases involving contracts and property ownership? - Answer- Civil law The California _________ is the highest court level and all courts in California are bound by its decisions. - Answer- Supreme Court Some cou...