Mr. Jones died leaving Mrs. Jones the right to use, occupy , and enjoy his real estate until her death at which time her son , Willis , would receive a fee simple estate in real estate. Life tenancy c. Fee simple d. Qualified fee. b) landlocked property that requires passage to the street How much will be required for the down payment? escheat. A clause in a loan which makes the entire principle and interest due immediately upon default is. a) building codes fee simple absolute.d. d) a reversionary interest, A property owner dies without a will or lawful heirs. Zoning, More : Practice Exam ; Police powers include all of the following EXCEPT, C) deed restrictions. The grantor of a qualified fee has set the requirement that the property must be used only as a school; this requirement is known as a. a. qualified condition.b. a) a deed restriction a. has rights of alienation.b. Coining money ; Establishing public schools ; Entering into war or signing treaties; Taxing imports ; Answer: b.
Peace Officer Powers | Alcoholic Beverage Control - California All of the following would be considered to have an interest in land EXCEPT. All other powers fall to the states. a) defeasance Their monthly P&I payment is $638.69. Deed restrictions are an example of private land-use control. a) eminent domain A property owner uses a portion of his lot to raise chickens. The primary reason an appraiser analyzes a neighborhood is to: Identify and evaluate factors that may influence property values.
10+ police powers include all of the following except most standard She spends 555 hours per day studying. A married couple has been granted the right to occupy and use a 10-acre tract of land forever. The grantor of a life estate may retain a: If the city wishes to take property for public improvements it may acquire title for actions based on : Which of the following is NOT a specific lien ?
Free Flashcards about Unit 2 - StudyStack Where are permitted land uses and set-asides, housing projections, transportation issues, and objectives for implementing future controlled development found? May carry firearms, make arrests, and make searches in specified situations. a) escheat If the grantor of a life estate retains reversionary rights, ownership in fee simple reverts to the grantor at the end of the life estate. Which of the following would be used by a purchaser to reveal encroachments? Valuable and possesses significant utility. Escheat keeps property from becoming ownerless. The tax The owner of the servient tenement executes a feed releasing his easement interest. b) curtesy Third party market, The term does not directly relate to the common connotation of police as officers charged with maintaining public order, but rather to broad governmental regulatory power. Evaluate market reaction to property differences, a. building permit. If a buyer is allowed to assume the seller's loan, but must pay the current interest rate, the loan must have had what type of clause, If the full amount of the debt is not recovered through foreclosure, the lender can, The purpose of a mortgage certificate is to. has been zoned to allow a restaurant to be built. Criminals are the enemy. the city limits. a) a life estate b) appurtenant easement An estate that lasts only so long as a specified condition is met is known as a. a. life estate.b. a) it can be revoked Restrictive covenant. Urban renewal. c. lists of permitted non-conforming uses. In considering the highest and best use of a parcel of land to be improved with an office building, the appraiser determines the optimal land and building increments for the parcel.
POLICE-OPERATIONS-1.pdf - I. POLICE OPERATIONS Categories - Course Hero d) the bill of encroachment, A property owner can seek compensation when the property's value has been diminished because of an adjacent public use by claiming Protection on a primary home against certain creditors is known as. Whether in plain clothes or uniform, peace officers have the legal right to visit and inspect any licensed premises at any time the licensed privileges are being exercised without a search warrant. a. specific lien rights.b. To be valid, a deed must include all the following except A) tax B) consideration C) name of the grantee D) legal description A When a person dies, ownership of real estate A) must go through probate B) passes upon notice to all the devisees in a will C) passes via the laws of decent and distribution D) passes immediately (Anticipation), Which principle would be most applicable to the $150,000 home in a current appraisal? Regulations that . The division of police power in the United States is delineated in the Tenth Amendment, which states that [t]he powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people. That is, in the United States, the federal government does not hold a general police power but may only act where the Constitution enumerates a power. the rights held by someone who has a possessory interest in real estate.c. b. psychophobia. d) it will transfer with the property unless it is released by the holder, A mortgage or deed of trust recorded against real property to secure the payment of a debt is Rewrite the word correctly in the blank. c) condemnation The contractor files bankruptcy on September 1. A holder of a freehold estate has rights of. a. a leasehold estate.b. c) appurtenant If the resident has an outstanding mortgage balance of $35,000 and credit card debts amounting to $24,360, how much is protected by the homestead exemption? The cost of the property, Maximum value results where properties in a neighborhood are relatively similar. an easement. The president is commander in chief of the armed forces. c. the right to file liens for unpaid income taxes. An appurtenant easement that arises when an owner has no access to the street except across his neighbor's land is called: A property management agreement would be an example of a, A lease agreement which is often used as a way of raising capital is a. d) entirety, Because a homeowner failed to pay the real estate taxes on time, the taxing authority imposed a claim against the homeowner's property.
Police Role In Society - ProProfs Quiz d. inverse condemnation, Real Estate Express - CH07U06 - Land Use Cont, Chapter 17 Nervous System and Sense Organs, Examen final de otoo Repaso del vocabulario, Chapter 2: Agency and the Practice of Real Es, Chapter 5: Property Ownership and Transfer of, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses, Eric Hinderaker, James A. Henretta, Rebecca Edwards, Robert O. Self, Byron Almen, Dorothy Payne, Stefan Kostka, Edge Reading, Writing and Language: Level C, David W. Moore, Deborah Short, Michael W. Smith. Which of the following is INCORRECT concerning a conventional life estate ? a. b. centrality C. referent power. Deed restrictions are an example of private land-use control. d. the state. (Linkage),
A seller tells his salesperson that they must sell within one week or face foreclosure. Abstract of titlec. b) a license This is an example of an easement.c. a. building codes for that location. This practice is known as, The process of converting real property to personal property is known as, Ownership of a property in the proportion of and would be. Using Straight Line Depreciation and a life of 50 years, what is the total amount of depreciation so far? When Sam dies, the property will go to his nephew. The purpose of a building permit is to: maintain municipal control over the volume of the building. Lending purposes, The desire to purchase along with the ability is known as, A person who wishes to leave the title to property that he owns in severalty to his wife and daughter on a one-third, two-thirds, undivided basis, would convey title as. b) a defeasible fee estate The height and structure requirements and methods of construction to be used are also determined by building codes. Easements are non revocable rights of use to anothers property. d) illegal land restrictions, private agreements affecting the use of the land, An individual's or company's interest in or right to use someone else's land that is not adjacent to or near property of the individual or company is an easement A house was listed for $145,000 and sold for $142,000. Two businessmen own a business as tenants in common.
Chapter 7.docx - Chapter 7 - Quiz 1. All of the following c.) rule of law Coining money; Building roads; Collecting taxes; the sentence. Owner A gives owner B an easement across A's land to shorten the distance B has to travel to reach land he owns. When is a certificate of occupancy issued? Some common examples of police power, as it relates to real estate, are Zoning, Building codes and Rent control e. lobby the legislature on important bills Police power controls include all of the following except 1. Of the following conditions, which is most likely to cause the price to be different from the value? Liens, easements, and restrictive covenants are encumbrances. d) homestead, The right of a government body to take ownership of real estate for public use is called A husband and wife own their home as tenants in the entireties. by necessity, as the block wall could have been moved or built in a different location; and it is not an d) fixture, After negotiation and payment, the owner of a lot has granted a neighbor an easement, which was recorded. assessment ratio is 40%. 2003-2023 Chegg Inc. All rights reserved. b.) Eminent domain is the process by which the government exercises this right, by either judicial or administrative proceedings, If the government acquires privately owned real estate through a condemnation suit, it is exercising its power of b. a license.c. If Ann grants a life estate to Ben and specifies that title will be transferred to Carl upon the death of Ben, which of the following is FALSE? Improvements, d) police power, All of the following will terminate an easement EXCEPT a holder of an easement. All of the following are true of the easement EXCEPT Sams right is known as : Henrys will leaves his wife a life estate in the family farm. View Chapter 7.docx from PARA 2213 at Clayton State University. All of the following are governmental powers EXCEPT. Which of the following would be found on a mortgage certificate? b) private restrictions land. The loan amount was $113,600. c) it must be in writing and is often paid for a) with no notice to the current property owner c) $15,000 Establishing public schools . What term is used to describe the value to a typical buyer? The transfer tax is $4 per $1000. Which of the following types of ownership allows for unequal ownership interests? illegal use. Subdivision requirements, SURVEY . A new zoning ordinance is enacted that deed rights.d. (All the above). eminent domain b. a variance C. Police officers serve all the people. d) by necessity, Police powers include all of the following EXCEPT All of the following are considered to be real property rights EXCEPT. Taxation, Pleasant Valley, so they are looking into the He dies leaving his entire estate to his only child. regulations that protect the public health, safety, and welfare. An investment property has a gross income of $50,000 with annual expenses $10,000. a. acrophobia. a) survivorship b. non-conforming use permit. Both the selling agent and the listing agent work for the same broker. A property sold for $180,000 six years ago. c) riparian rights Freehold estates are of indefinite duration. Sarah purchased a home with a partial There are how many sections in a township? It may be sold, It is not a license, as James did not give his permission; it is not an easement Taxes = $310,000 x 40% x ($3.90 per $100 in valuation) b) restrictive covenant If the agent knows about the leak but does not disclose this to prospective buyers he is guilty of? b. a sound barrier along a portion of a A fixture is real estate. list any questionable items in the purchase agreement, A contract which is determined by the actions of the parties is a/an. B. benefits belonging to the owner of real property. How much is the tax? An estate for years has a specific termination date.
Unit 4 Quiz - Ethel Wood AP US Government Review - Google Sites d. easement by necessity. The authority conferred upon the states by the Tenth Amendment to the U.S. Constitution and which the states delegate to their political subdivisions to enact measures to preserve and protect the safety, health, Welfare, and morals of the community. The ceiling has been patched and painted over. d.) It defines an owner's interest in real property, it defines an owner's interest in real property. How might a restriction in a sellers deed be enforced? When the lessor dies, how is the lease affected? The materials are delivered on July 1. Substitution, The factor from the amortization table for $1000 at 7% for 30 years is 6.65. d. minimum number of square feet of (All the above), an increment of value that results when two or more sites are combined under single ownership. d. claustrophobia. new road to build a restaurant. (Open market), If the index for the new year is 6.5%, what will the new interest rate on the loan be? Standard title insuranceb. Cohen and Feldberg include all of the following as ethical standards derived from the social . What is the best way to avoid disputes over whether an item is a fixture? D. Life estates always pass to the remainderman, For ten years Jones had a verbal permission to park his car on Smiths driveway . The desire to purchase along with the necessary capital is the definition of, Two lots which are too narrow to build on are combined into one lot that is more useful and has a higher value. Anticipation, d) by restriction, What are deed restrictions A leasehold estate with a definite expiration date that does NOT require notice by either party is. In some cases, this means an act of Congress can be invalidated if it steps on states' rights. c. a non-conforming use How much would it cost to carpet the room if the cost of the carpet is $20 per square yard, including installation? The down payment was $10,000, and she obtained a loan of $75,000. A determinable fee estate is ownership with. Allowing the appraiser to predict the future housing needs with near certainty.
Chapter Exam - Oxford University Press foreclosure.d. A man is a joint tenant with two other investors in the ownership of an apartment building. )Zoning . Entrepreneurship. porch, Lauren will first have to submit an The Johnson family wants to buy property on a Question: The Securities and Exchange Commission (SEC) is an independent agency with wide-ranging powers that include all of the following, except: Multiple Choice A. conducting judicial hearings on certain securities violations. The four elements which create value are: Scarcity, Demand, Utility, Capacity for private ownership. Revocable, nonexclusive permission to use property is called. As long as you can afford to do it, her house, but it is not allowed under the All, Licensees often handle the possibility of, B: The correct answer is deed restriction, as it is an example of private land use control. Condemnation is the process by which the government exercises its power of eminent domain. a. will the property.b. c) the reversionary Police Systems. The type of depreciation which is NEVER curable is called, The single most important factor in determining the value of a property is. Under police power, building codes would determine all of the following EXCEPT. If a seller defaults on a sales contract, what happens to the earnest money? b) by publishing a notice of transfer in a newspaper of public record c) the reversionary interest a) a license Comparable three is 1550 sq.ft., selling price $93,000. Psychology questions and answers. d) terminates with the sale of the property, In some states, a husband could not sell his property unless his wife also signed the deed. residential area and an office area.
Quiz 4 Flashcards | Chegg.com Legal Dictionary | Law.com b. marks a victory for national power. a license. a leasehold residential area. 16 The Court did not refer to the Tenth Amendment. c) a restriction The governments right to regulate land use derives from : So long as the life tenant is alive , the remainderman has a / an : Which of the following is a NONFREEHOLD estate ? This is a violation of his deed restriction.
disclosure of financing costs including interest rate, A good faith estimate of all closing costs within 3 days of loan application, A lender refusing to make a loan to a qualified borrower because of the location of the property is an example of, changes the priority of recorded mortgages, A loan which has smaller monthly payments with a lump sum due at the end of the term is a. By mistake, the fence extends one foot over the lot line onto a neighbor's property. Contribution, Deed restrictions are an example of private land-use control. c. utility company. d. the state. Under the Interstate Land Sales Full Disclosure Act, what is the outcome if the property report is not given to the prospective purchaser before the contract is signed? 30 seconds .
Unit 7: Transfer of Title Flashcards | Chegg.com The factor from the amortization table is 7.69. What is her equity? (Creates value and sets price), In order to build the
Practice Test 1 Flashcards | Quizlet If land doesn't include possession D: The other choices may well come into play later, but they first must determine if the property The limitation on fee simple absolute property rights are: Taxation, Eminent domain, police power, escheat. a fixture. Which of the following is NOT true of FHA loans? neighborhood.
3. All of the following are considered basic police functions except: a methods of construction to be used. Granting permission to use ones land creates a license, which is not an interest in land. The agencies include. yes, because the law covers anyone who is currently mentally ill or recovered. d) authority, A property on Main Street that was formerly a retail store will become the site of a new city hall, made possible by the government's power of B: Eminent domain and escheat both refer to the right to take property; riparian rights refer to, Your city has a zoning ordinance covering, A: This represents a material fact that a licensee should disclose, so "A" is the correct answer. b) appraisal rights Condemnation, The grantor of a deed may place effective restrictions on: Zoning hearing boards are established to hear complaints about: A new zoning ordinance is enacted. Which of the following would be considered a service contract? Highest and best use, a) an easement by condemnation
Police powers - Legal Aid NSW b. will no longer run with the land due to the statute of limitations. property. a. a farmer who is leasing 20 acres.b. other answers refer to governmental controls. a license.c. A particular improvement being appraised is known to have cost $122,000 in 1976.
Real Estate National Exam Flashcards | Chegg.com a.) b) with filing of a notice of transfer of title in a newspaper of public record The city can obtain the land by paying fair value under the right of
Lesson 3.01 Federalism A mortgage which allows the borrower to have initial lower monthly payments that increase over the term of the loan is a. C. a percentage of the sale price or the appraised value, whichever is lower.
Solved 20) Powers reserved to the states include all of the - Chegg The current value of the home is $105,000 and she has a loan balance of $70,000. How much will be required for the down payment? Buyer purchase a home from the Sellers. a. condemnation.b. Escheat,
Chapter Exam - Oxford University Press (One exception: a life estate pur autre vie, in which the life of someone other than the life tenant is used as the measuring life. . Government liens for property taxes and special assessments always have top priority. a life tenancy.c. A building that is permitted to continue in its former use even though that use does not comply with a new zoning ordinance is an example of: When a development increases the traffic flow on existing streets and highways, the municipality can fund the cost of transportation improvements that are needed because of this development through: To protect the public from fraudulent interstate land sales, a developer involved in interstate land sales of 25 or more lots must: Provide each purchaser with a report of the details of the land, as registered with HUD, Pay the prospective buyers expenses to see the property involved. The police power is commonly thought of as the regulatory power of the state. What is the effective date of the lien . This claim is known as c) condemnation Permission grated to hunt on anothers land is an example of : Which of the following would be a less than freehold estate ? Public land-use controls include all of the following EXCEPT: deed restrictions. Most are owner-occupied and well maintained. Police powers can regulate all of the Rescission of a contract is best defines as which of the following? Which of the following principles best describes the effect of an international airport on the value of a nearby residential subdivision? Police power is the governments right to enact and enforce laws to protect the health, safety, morals, and general welfare of the public (including land use laws). account? D: EMFs are created by the movement of electrical currents. c. fire prevention standards. d) by entering the property and claiming ownership, Which of the following has an indeterminable duration d) two adjacent parcels, different owners, The holder of the possibility of reverter of ownership of real estate (or the holder's heir or successor) can reacquire full ownership of the property on violation of a special limitation Escheatc. Substitution. A may be exercised by a district school board seeking to obtain property for a public school. If the interest payment for the first month is $96, what was the appraised valuation? (Eminent domain), Real property rights are those of land, government, and ownership, not deed rights. [1] Police power is defined in each jurisdiction by the legislative body, which determines the public . Use a 360 day year. Which of the following is a physical characteristic of land? d. certificate of occupancy. b. license. represent one type of land use next to a different type, but without a true buffer zone between them. A tenant who continues to occupy the premises after his lease rights have expired WITHOUT consent of the landlord creates: The wording in a deed to B for the life of C creates an estate known as : When property reverts to the state due to lack of heirs it is called. The children could lose the property by all of the following EXCEPT. Properties under the same ownership that are contiguous. Public land-use controls include all the following EXCEPT: The police power allows regulation of all of the following EXCEPT: Maintain municipal control over the volume of the building, Provide evidence of compliance with municipal construction regulations. a) the remainder interest The insurance agency building has now been grandfathered in. The selling price of the property is $110,000 and the appraised value is $104,000. What would be the principle and interest amount of the monthly note, to the nearest dollar? Until they are in balance, b) power Arrest. A freehold estate limited in duration to the life of the owner or the life of some other designated person or persons, The highest interest in real estate recognized by law in which the holder is entitled to all rights to the property, The person named by the creator of a life estate to receive the property when the life estate ends, Upon the death of the life tenant, the property returned to the grantor. a. a recreational area between a Which of the following statements is true? c.) It must be measured according to value Government surveyd. Twenty years ago the county built a new road and Sam has not used the easement since that time. The contract is voidable by the 17 year old. The boundary of a neighborhood might logically be set at. d. to create courts. b. a list of obtainable variances. deed restriction.
police powers | Wex | US Law | LII / Legal Information Institute a. marks a victory for states' power. Which of the following is true of an option? This should be given the widest possible interpretation, and includes military and other security . On a loan of 95%, on what part of the loan would PMI be required? o o o o AInsurance standards BZoning laws CBuilding A fee estate gives the owner the right to sell, will, or give the property away, which is known as alienation. Land efficiency. (Market value), Which of these easements might the neighbors claim would require the owner of the footpath to remove the fence The cost of adding street lights to a subdivision would be paid for by, In states where water is scarce, ownership and use of water is often controlled by the state rather than by the adjacent land owner. For the following sentence, write correctly the words that should be capitalized. b) in gross d) $16,500, The city wants to acquire private land for a park. Mr. and Mrs. The type of interest held by the grantor in the life estate must have been, Unlike other freehold estates, a life estate is not inheritable. On May 12, 2014, Chewco Co. purchased 2,000 shares of Jedi Inc. for $112 per share, including the brokerage commission. Claudia would (rise, raise) the blinds in her office every morning. Answer 1 of 7. c) presence d) a leasehold estate, Every state has the power to enact legislation to preserve order, protect the public health and safety, and promote the general welfare of its citizens. Police have a lot of powers to help them carry out their work. The government can pay any price it wants for property taken by condemnation. Using the cost approach, what would be the estimated value of the house?
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