Chattel mortgage Study guides, Class notes & Summaries

Real Property - The legal interests in land and things attached to, or growing on land. Personal Property - Referred to generally as chattel, the rights, powers, and privileges a person has in things that are not real property, may be transferred by sale, gift, or will. Chattels Real - An interest in land, such as a leasehold. Chattels Personal - Moveable personal property. Chattel Personal in Action - Something to which one has a right to possession, but concerning which one which m...

NJ Real Estate Exam Practice Questions with Verified Answers According to fair housing, which of these is not a protected class? A. muslim B. arab C. homosexual D. single mother C. homosexual The front door key to a house is: A. chattel B. fixture C. improvement D. trade fixture B. fixture The phrase "bundle of legal rights" is properly included in: A. the definition of real property B. a legal description C. real estate transactions D. leases for less than one year A. the definiti...

Texas Real Estate Exam (National) Latest Update Graded A+ real property the tangible real estate and intangible rights associated with the ownership of real estate -transfers by deed or will personal property a right or interest in things of a temporary or movable nature; anything not classed as real property (chattel, personalty) -transfers by a bill of state fixture personal property that has been attached in such a way as to make it real property -"installed" often indicate...

Capitalization process The value of an income-producing property estimated by converting anticipated benefits arising from the ownership of the income producing property. Anticipation Principle where value is created by the expectation of benefits to be derived in the future. Change Principle where investor's expectations of changes in income levels, the expenses required to ensure income, and probable increases or decreases in property that must be addressed and forecast. ...

Mortgage Agent Final Exam Sample Questions With Correct Answers (100% Correct 2023/2024). Home Buyer's Program (HBP) - ANSWER The Canada Revenue Agency (CRA) has a program entitled the Home Buyer's Program (HBP) that allows a first time buyer to use up to $25,000 of their RRSPs as a down payment without paying tax on the withdrawal. The amount removed must be repaid within 15 years. CRA defines a first time buyer as an individual or the individual's spouse, or common-law partner who has ...

NYS Notary Multiple Choice Test (2023/2024) Already Graded A A Notary who refrains from performing a duty, which is imposed by law or inherent in the nature of his/her office, may be guilty of? a. A felony b. Criminal Contempt c. A Tort d. A Misdemeanor d. A Misdemeanor A copy of a public record signed and certified as true copy by the public official having custody of the original is known a(n): a. Affirmation b. Authentication c. Certified Copy d. Acknowledgment c. Certified Copy To g...

Oregon Real Estate All Test Questions & Answers, Graded A+/ verified. How many types of licenses can a real estate licensee have at the same time? - -1 Which of the following activities/persons are not exempt from real estate licensure under ORS 696.030? -A non-licensed individual acting as attorney in fact under a power of attorney executed on September 2005 -A person testifying before a court as to the value of real property -An attorney rendering services in the performance of duties...

The Economic Principle of Anticipation states that value is created by the expectation of benefits to be derived in the future. Chattel A mortgage on personal property. Balloon payment A payment on the balance due of a note at the end of the loan term that is in excess of the regular payment amounts. Usually found in a partially amoritized mortgage. Conventional mortgage A loan that is neither insured nor guaranteed by the federal government. Contract rent The actual rent paid in accordan...

1. An acceleration clause is included in which of the following...? The mortgage Both the promissory note and mortgage The promissory note The lien: The promissory note? 2. Collateral -: Marketable real or personal property which a borrower pledges as security for a loan. In mortgage transactions, specific land is the collateral. 3. Promissory Note -: Following a loan commitment from the lender, the borrower signs a note, promising to repay the loan under stipulated terms. The promissory not...

ASREB Practice Exam, Sessions 1-18, Study Guide with Complete Solutions ASREB - Correct Answer ️️ - A 3.45-acre lot sells for 50 cents per square foot. What is the selling price? A) $37,570 B) $75,141 C) $76,230 D) $78,712 - Correct Answer ️️ -B 3.45 acres x 43,560 = 150,282 SF 150,282 SF x $0.50 = $75,141 A blind ad refers to an ad that A) provides no price. B) provides no address. C) gives no indication that the property is listed with a broker. D) gives no indication tha...