Asked By: Lewis Ramirez Date: created: Dec 05 2021
Which of the following are included in the term real property
Answered By: Richard Smith Date: created: Dec 07 2021
Real property is made up of everything that is included in real estate as well as the ownership rights, such as the ability to own, sell, lease, and use the land.
Asked By: Hugh Campbell Date: created: Mar 02 2022
What best defines real property
Answered By: Christian Bryant Date: created: Mar 03 2022
Real property is defined legally as land and anything growing on, attached to, or built upon it; this includes both crops and man-made structures. Real property is best described as property that doesnt move or is attached to the land.
Asked By: Gregory Collins Date: created: Apr 15 2022
Which of the following is an example of a fixture that is real property
Answered By: Alfred Robinson Date: created: Apr 17 2022
A fixture is something that is permanently affixed to the real estate; for instance, extra kitchen cabinets installed in a kitchen with nails or screws would be regarded as a fixture.
Asked By: Bruce Robinson Date: created: Mar 01 2022
Which of the following is considered personal property
Answered By: Roger Ward Date: created: Mar 04 2022
Vehicles, furniture, boats, and collectibles are examples of tangible personal property; stocks, bonds, and bank accounts are examples of intangible personal property. Personal property can also be classified as either tangible or intangible.
Asked By: Sean Sanders Date: created: Dec 29 2021
Which of the following best defines real estate quizlet
Answered By: Isaac Jackson Date: created: Dec 31 2021
The phrase “land and all things permanently affixed to it” best describes real estate.
Asked By: Leonars Bell Date: created: Oct 14 2021
Which is not an appurtenance
Answered By: Andrew Washington Date: created: Oct 16 2021
Appurtenances include any attached fixtures such as ceiling fans and lights, but do not include any personal property belonging to the person selling the home or property that is easily removed, such as furniture, decorations, kitchen appliances, art, or lamps.
Asked By: Julian King Date: created: Oct 05 2021
What are the 5 tests for a fixture
Answered By: Nathan Price Date: created: Oct 05 2021
What Is a “Fixture” in Property?
- The acronym MARIA stands for the five criteria that are used to assess whether a piece of equipment meets the requirements of a fixture.
- If it's screwed in, glued, or otherwise permanently attached to the wall, floor, ceiling using nails, cement, pipes, or screws, it's considered a fixture.
Asked By: Alexander Bennett Date: created: Aug 08 2021
Which of the following would not be classified as personal property for insurance purposes
Answered By: Ronald Diaz Date: created: Aug 11 2021
A stated value contract is used to establish the amount of coverage available for property items that are difficult to value. Which of the following would NOT be classified as personal property for insurance purposes?
Asked By: Michael Garcia Date: created: Oct 28 2021
Which one of the following is not a test applied to determine whether an item is personal property or a fixture
Answered By: Gregory Phillips Date: created: Oct 29 2021
Trespassing*** The price, size, or length of installation are not criteria for determining whether something is a fixture (real property).
Asked By: Antonio Kelly Date: created: Jul 01 2022
What is a freehold estate
Answered By: Hunter Scott Date: created: Jul 03 2022
The most common types of freehold estates are fee simple, which effectively means absolute ownership of the land, and life estate, which effectively means ownership for the duration of the holders life.
Asked By: George Parker Date: created: May 17 2021
What is a freehold estate quizlet
Answered By: Connor Anderson Date: created: May 18 2021
A “Freehold Estate” is the ownership of real property. It is an interest in land that permits possession without restriction from third parties.
Asked By: Horace Sanchez Date: created: Aug 21 2021
Which of the following is not real property
Answered By: Kevin Garcia Date: created: Aug 23 2021
Real property is defined as the land and all things affixed to it. Personal property is defined as anything that isnt nailed down, dug into, or built onto the land. A house is real property, but a dining room set isnt.
Asked By: Carter Johnson Date: created: Jan 10 2022
Which are the two ways that real property may be converted to personal property
Answered By: Jeremiah Stewart Date: created: Jan 11 2022
When real property is separated from the land, it can change from real property to personal property. Personal property can be obtained for ownership through production, purchase, gifting, or, in some cases, finding.
Asked By: Anthony Thomas Date: created: Jan 10 2022
Which of the following is a role of the federal government in real property rights
Answered By: Raymond Wright Date: created: Jan 13 2022
Establishing broad standards of usage or real estate license laws are two examples of the federal governments role in real property rights.
Asked By: Hunter Torres Date: created: Aug 03 2021
Which term best describes the process by which real property becomes personal property
Answered By: Simon Parker Date: created: Aug 05 2021
Severance is the process by which real property can be turned into personal property.
Asked By: Jack Roberts Date: created: Jul 17 2022
Under which of the following types of liens can both the real property and the personal property of the debtor be sold to pay the debt
Answered By: Brian Parker Date: created: Jul 17 2022
A judgment is a general, involuntary, equitable lien on both real and personal property owned by the debtor, and it can be used to force the sale of both to satisfy the debt.
Asked By: Jack Hernandez Date: created: Jun 02 2022
Which of the following is considered lawful practice in real estate brokerage
Answered By: Leonars Brooks Date: created: Jun 04 2022
Which of the following is a legitimate real estate brokerage practice? fiduciary.
Asked By: Gordon Peterson Date: created: Sep 18 2021
What is appurtenances in real estate
Answered By: Alexander Hughes Date: created: Sep 20 2021
In contrast to rights or restrictions in gross, which only benefit or burden a specific person, apurtenant refers to rights or restrictions that run with the land. The term is typically used in the context of easements or covenants.
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