theory and practice: Real Estate Practice : Lesson 404 - 11/09/09 01:46 AM
#404
A type of document, which is recorded, which informs persons interested in buying a property that the property could possibly become liable to a judgement issued against it in a lawsuit. This document is known as a writ of attachment through satisfaction of habendum clause.
Is this true or false … (0 comments)
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theory and practice: Real Estate Practice : Lesson 403 - 11/09/09 01:45 AM
#403
A judge ruled in a pending lawsuit that a lien is to be placed on the defendant's home which will place a hold on the property as security if a judgement is ruled against the homeowner.
The court's action is commonly referred to as a prescription for adverse judgement.
… (0 comments)
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theory and practice: Real Estate Practice : Lesson 402 - 11/09/09 01:45 AM
#402
Andrew has actually constructed an easement over Tanya's property.
If Andrew buys Tanya's property next month the easement will continue to exist.
Is this true or false ?
Take your time. The solution is posted below the wildlife photo.
A. False
When Andrew buys Tanya's property, and … (0 comments)
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theory and practice: Real Estate Practice : Lesson 401 - 11/09/09 01:44 AM
#401
If a balcony in an apartment structure hangs over a boundary line which was created to delineate the boundary line of the property this would be called an appurtenant easement.
Is this true of false ?
Take your time the solution is poisted below the wildlife photo.
A. False
… (0 comments)
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theory and practice: Real Estate Practice : Lesson 400 - 11/09/09 01:44 AM
#400
When we talk about real estate property tax liens we're talking about tax liens that are general, voluntary liens that affect property.
Is this true or false ?
Take your time. The solution is posted below the wildlife photo.
A. False
Property tax liens on real estate are … (0 comments)
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theory and practice: Real Estate Practice : Lesson 399 - 11/09/09 01:43 AM
#399
When a subdivision creates private restrictions in the declaration of Covenants, Conditions and Restrictions, or CC&R's, the restrictions are originally created when the subdivision was planned and are enforced by the developer.
Is this true or false ?
Take your time. The solution is posted below the wildlife photo.
… (0 comments)
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theory and practice: Real Estate Practice : Lesson 398 - 11/09/09 01:43 AM
#398
If there is a cloud on a title, and it seems that it can't be cleared, a judicial proceeding takes place that decides ownership with a suit for the partition of the property in question.
Is this true or false ?
Take your time. The solution is posted below … (0 comments)
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theory and practice: Real Estate Practice : Lesson 397 - 11/09/09 01:42 AM
#397
One of the main reasons why the grantee should see to it that the deed is recorded properly is to demonstrate that the deed was conveyed and accepted.
Is this statement true or false ?
Take your time. The solution is posted below the wildlife photo.
A. False
… (0 comments)
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theory and practice: Real Estate Practice : Lesson 396 - 11/09/09 01:42 AM
#396
If a will is written but there is no witness to the composition of the will this type of will is commonly referred to as a formally executed will.
Is the description of this type of will considered to be a true or false description ?
Take your time. … (0 comments)
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theory and practice: Real Estate Practice : Lesson 395 - 11/09/09 01:41 AM
#395
If there just happens to be an unfortunate cloud on the title the cloud may be cleared by underwriting a title insurance policy.
Is this true or false ?
Take your time. The solution is posted below the wildlife photo.
A. Very false
Whenever there is a cloud … (0 comments)
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theory and practice: Real Estate Practice : Lesson 394 - 11/02/09 02:23 AM
#394
When a conveyance is undertaken, in order for the conveyance to take place the deed must be valid and must be recorded before the conveyance may occur.
Is this true or false ?
Take your time. The solution is posted below the wildlife photo.
A. False
The deed must … (0 comments)
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theory and practice: Real Estate Practice : Lesson 393 - 11/02/09 02:21 AM
#393
When a warranty deed is given to the purchaser of a parcel of real estate the warranty deed specifically warrants that the price paid for the property was within 5% of the actual market value of the property.
Is this true or false ?
Take your time on this … (0 comments)
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theory and practice: Real Estate Practice : Lesson 392 - 11/02/09 02:18 AM
#392
If te government decides to transfer the title of property to a private party this is carried out by means of an instrument commonly known as a quitclaim deed.
Is this true or false ?
Take your time. The solution is posted below the wildlife photo.
A. False
… (0 comments)
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theory and practice: Real Estate Practice : Lesson 391 - 11/02/09 02:15 AM
#391
When real estate is transferred from one party to another the process is commonly referred to as the avulsion of quitclaim.
Is this statement true or false ?
Please take your time. The solution is posted below the wildlife photograph.
A. False
When real estate is transferred from one … (0 comments)
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theory and practice: Real Estate Practice : Lesson 390 - 11/02/09 02:12 AM
#390
An owner of a parcel of real estate allows a trespasser to continue trespassing on the land and takes no action against the trespasser throughout a statutory period.
The trespasser can inevitably gain the legal right to continue trespassing or using the property under the right of what is … (0 comments)
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theory and practice: Real Estate Practice : Lesson 389 - 11/02/09 02:07 AM
#389
When we talk about a license a license is always considered to be an example of a restriction which is invariably combined with an encroachment.
Is this true or false ?
Take your time. The solution is posted below the wildlife photo.
A. Extremely false.
A license is always … (0 comments)
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theory and practice: Real Estate Practice : Lesson 388 - 11/02/09 02:05 AM
#388
When the government decides to take over the ownership of a piece of real estate for public use this right of the government to take the real estate is known as the monopoly of real property under police authority.
Is this true or false ?
Take your time. The solution is … (0 comments)
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theory and practice: Real Estate Practice : Lesson 387 - 11/02/09 02:02 AM
#387
Most states have a law which says that a comparative market analysis, a CMA, must be performed for every listing taken by a brokerage, and that the CMA must be compared to and presented with the appraisal for the lender.
Is this true or false ?
Take your time. … (0 comments)
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theory and practice: Real Estate Practice : Lesson 386 - 11/02/09 02:00 AM
#386
Under a listing contract a broker commits himself or herself to an obligation to work for both the seller and the buyer and render faithful service to both parties.
Is this true or false ?
Take your time. The solution is posted below the royalty free wildlife photo.
A. False.
… (0 comments)
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theory and practice: Real Estate Practice : Lesson 385 - 11/02/09 01:58 AM
#385
When a final decision is to be reached regarding the matter of the price to be listed for the house that decision always depends upon the appraised value of the house, the decision of the attorney and the broker.
Is this true or false ?
Take your time. The … (0 comments)
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