Which type of deed would Study guides, Class notes & Summaries

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 directors. d. Certain documents bind all owners to be governed by the community association. - Answer- c. A r...

Real Estate Principles Final Exam| Questions and Answers, 100% Correct Anything that is fastened or attached to real property permanently is considered to be: Real Property A quit claim deed releases all present claims, rights and title of the: Grantor When a creditor wants to satisfy a judgement which was levied against another person, the creditor would: Obtain a writ of execution Before a mechanics lien is effective it must be: Verified and recorded Discrimination by a real estat...

Anything that is fastened or attached to real property permanently is considered to be: (Ans- Real Property A quitclaim deed releases all present claims, rights and title of the: (Ans- Grantor When a creditor wants to satisfy a judgement which was levied against another person, the creditor would: (Ans- Obtain a writ of execution Before a mechanics lien is effective it must be: (Ans- Verified and recorded Discrimination by a real estate licensee based on race is: (Ans- A vi...

_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - Answer- Closing The primary determinants of real estate values are supply and _____. - Answer- Demand _____ is something of value that can be pledged as security for repayment of a loan. - Answer- Collateral Servicing includes which of the following activities? - Answer- Maintaining records of payment The monet...

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 ...

California Real Estate Exam: Questions & Answers Latest Update 2023/2024 100% Verified. Reed vs. King Case (Ans- Must disclose death (and manner of death) on a property if occurs within 3 years, except AIDS Jones vs. Mayer Supreme Court Decision (1968) (Ans- Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights Act of 1968) Easton vs Strassburgar (Ans- Seller disclosures to third parties AND agent visual inspection of all...

Anything that is fastened or attached to real property permanently is considered to be: - ANSWER Real Property A quitclaim deed releases all present claims, rights and title of the: - ANSWER Grantor When a creditor wants to satisfy a judgement which was levied against another person, the creditor would: - ANSWER Obtain a writ of execution Before a mechanics lien is effective it must be: - ANSWER Verified and recorded Discrimination by a real estate licensee based on race is: - ANSWER...

In 2004 the Khumalos sold their farm to Peter and Jenny, a couple who are married in community of property. There are two homesteads on the farm. A right of habitatio was reserved over the smaller homestead on the farm in favour of the Khumalos for as long as they lived. This right was duly registered against the title deed of the farm of Peter and Jenny. Peter and Jenny moved into the bigger homestead but made life unbearable for the Khumalos. As a result of Peter and Jenny’s ill-mannered beh...

TEXAS REAL ESTATE NATIONAL EXAM QUESTIONS WITH VERIFIED SOLUTIONS/A+ GRADE 1. An assessment is a special type of appraisal used for A.) Property tax purposes. B.) Estate tax returns. C.) Divorce settlements. D.) Income tax returns. 2 A company who provided materials for an owner to remodel their property may give constructive notice of theirunpaid invoices by: A.) obtain a blanket lien B.) obtain a mechanic's or material man's lien C.) obtain a vendor's lien D.) obtain an inchoa...

CHAPTER 3 Mortgage Loan Foundations: The Time Value of Money TRUE/FALSE 1. In order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable. (T) 2. One way to calculate the present value of a single payment is with the following formula: PV = FV * (1+i)n. (F) 3. At 6%, the present value of a $1 payment in 12 months is .. At 7%, the present value of a $1 payment in 12 months is .. (F) 4. The future value of $800 deposited ...