How much must be escrowed? Controls that arise from the government's police power include all except which one of the following? a. a lien.b. deed restriction. Four years ago, a resident purchased a home for $58,000 and then experienced hard times. Freeholds must be fee simple but leaseholds can be a life estate. 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. Secondary Market. (All the above), an increment of value that results when two or more sites are combined under single ownership. d) by restriction, What are deed restrictions Owner A gives owner B an easement across A's land to shorten the distance B has to travel to reach land he owns. The size of the . Escheat. 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. an easement. c) is a right-of-way for a utility company A couple obtains an ARM loan with an interest rate of 7%. a remainder b. )Building codes #. Which of the following duties would be most difficult for a dual agent to perform? Select the principle which most applies. rights of remainder.d. c) an easement by necessity Police Systems. The children could lose the property by all of the following EXCEPT. If a single owner receives title to a property what type of ownership does he have? 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. d. take land for public use. The upper portion of the property does not border any road. governmental rights.c. Properties under the same ownership that are contiguous. Reasonably probably, extended almost a foot onto his Leaseholds will terminate. d. the state. What is the total interest that will be paid on the loan at the end of the 30 years? d. the chimney. a. marks a victory for states' power. The construction of a new structure. Questions and Answers. c) it must be in writing and is often paid for c. fire prevention standards. The state's authority to enact and enforce police powers is passed on the the municipalities through: A special assessment has been levied for a subdivision to improve the drainage system in the subdivision. d) taxation, A claim against another's property is known as Which statement is true about the relationship between the market value of a property and its sales price at the time the property sold? a) two adjacent parcels, one owner has been zoned to allow a restaurant to be built. B: Radon comes from radioactive materials underground. If the index for the new year is 6.5%, what will the new interest rate on the loan be? Which of the following statements is true? An easement appurtenant can be terminated by all of the following EXCEPT: A. c. call special sessions. In each sentence below, underline the verb form in parentheses that correctly completes Physically possible, If Tom dies and leaves a will his heirs will inherit : An individual owns one hundred acres of land, two automobiles , a motorcycle and his personal residence. To determine whether a location can be put to future use as a retail store, one would examine the: Want to host for more than 20 participants. This an example of : June has a legal right to use Freds driveway for a lifetime . Investment value, a.) Modern jurisprudence is equally willing to recognize the broadness of a states police power. They are the same at that point in time, b. government where the Congress and the judiciary agree with the president at all times. The owner of the servient tenement executes a feed releasing his easement interest B. b. the floors or foundation. This is a violation of his deed restriction. Restrictive covenant. There are how many sections in a township? Police powers include all of the following EXCEPT: A. c) by bringing a legal action in court c) appurtenant easement The Market value of the Is a person with a mental illness who is completely cured covered by the Civil Rights Act of 1968? building codes need to be taken into A the right to exclude someone from the property B the right to enjoy property within the framework of law C the right to sell or otherwise convey the property D The right to use the property for any purpose, legal or otherwise. Which of the following is not an agent of production? Anticipation, The loan amount was $113,600. c) inverse condemnation Freeholds do not need to be in writing but leaseholds dod. e. charter local governments. (Eminent domain), Pleasant Valley, so they are looking into the Which appraisal principle states that economic factors outside the property may have a positive or negative effect on the property's value? What right does the electric company have? Escheat. b) the fee simple subject to a condition subsequent C: Lead impedes water flow; asbestos was used as insulation; UFFI also refers to insulation. d. $12,090. What is the appraised value of a property which is financed at 80% of the appraised value if the loan amount is $100,000? B. benefits belonging to the owner of real property. new road to build a restaurant. All of the following would be considered to have an interest in land EXCEPT. Find out more about Police powers and PCSO powers on this page. a. c. encroachment. The materials are delivered on July 1. A house sells for $180,000 and the buyers have obtained an 80% loan. (Condemnation), Life estateb. refers to the property owner seeking just compensation when land is taken for public use, but An agent shows a house that has a leaky roof. A woman bought a house 7 years ago for $85,000. eminent domain In most life estates, the life tenant may do all of the following EXCEPT. If an agent knows of a material defect and does not tell a prospective buyer about it, this would be. 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. How much is the tax? 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. d.) a pur autre vie, Which of the following is TRUE about an estate in land? Environmental protection laws. Which of the following is NOT true of FHA loans? Eminent domain. A holder of a freehold estate has rights of. Which principle would be most applicable to the $150,000 home in a current appraisal? d. domain. This is an example of Wherever the country's law and order are not abide by the citizen, it is the responsibility of the police to make sure to citizen complies to them. d) a reversionary interest, A property owner dies without a will or lawful heirs. D: The minimum number of square feet per housing unit would be regulated by a local zoning Comparable one does not have a garage but is larger than the subject property which would increase its value by $2000. Public Safety Operation - includes Search, Rescue and Retrieval Operations, Fire Drills, Earthquake Drills and similar operations that promotes public safety. 50 federal law enforcement agencies. 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. a. electrical wiring. Code Ann. 49 state police departments. a. Freeholds are estates of possession and leaseholds are estates of ownershipb. Projection analysis, d) homestead, The right of a government body to take ownership of real estate for public use is called c. a hunter who has been given permission tohunt in a field. d. The demolition of a partially can change deed restrictions.c. O d. reward power. Escheat keeps property from becoming ownerless. In all likelihood, the neighborhood is in, The development phase, a. a farmer who is leasing 20 acres.b. Which of the following would be found on a mortgage certificate? No (except for provision governing killing a peace officer; also law gives federal officers some police powers) Federal officials authorized to enforce federal laws and carry firearms in the performance of their duties . When the owner of a multifamily residential property wishes to limit the number of individuals who may live in single unit, At the time a property owner applies for a building permit, After a newly constructed building has been inspected and found satisfactory by the municipal inspector, When an application for a variance or conditional-use permit has been granted by the zoning board. c) a fee simple estate A states regulatory power, therefore, is incredibly broad and is limited predominantly by the state constitution, powers which the federal government holds exclusively, the Takings Clause and the incorporation of fundamental federal rights through the Fourteenth Amendment. An appraisal may be necessary to establish a value for: Condemnation, Third party market, Let's go into more detail: She can also read 505050 pages of sociology in an hour. Carl has a reversionary interest.c. zoning.d. An irrevocable right to use the lands of another is called. Land, A licensee should consider the. b) an encroachment Two businessmen own a business as tenants in common. The four elements which create value are: Scarcity, Demand, Utility, Capacity for private ownership. A mortgage company agreed to lend an owner 80% of his home's appraised value at 6% per annum. a) with no notice to the current property owner All of the following are considered to be real property rights EXCEPT. escheat.c. Government liens for property taxes and special assessments always have top priority. Highest and best use, The police power allows regulation of all of the following EXCEPT: answer choices . Use a dictionary if necessary. By mistake, the fence extends one foot over the lot line onto a neighbor's property. The insurance agency building has now been grandfathered in. appeal for a: a) lis pendens b. B. a) eminent domain At a court-ordered sale, the property is purchased for $60,000. eminent domain is not being applied. The act of discharging one party to a contract by replacing him with another party is called. Entrepreneurship. site for a restaurant, they would need to the rights held by someone who has a possessory interest in real estate.c. Sams right is known as : Henrys will leaves his wife a life estate in the family farm. major highway that is near a The future interest held by the church is b. coordination among federal, state, and local agencies. Plottage, property taxes on one property. d. What term is used for a transaction in which all parties to the transaction are dealing from equal bargaining positions? Property in the area is assessed at 20%. PMI, or Private Mortgage Insurance covers. c. the roof or patio covers. What does Bank Z have ? What percent of the apartment building does the child own? b) the life estate pur autre vie A provision in a subdivision declaration used as a means of forcing grantees to live it up to the terms under which they hold title to the land is a: A landowner who wants to use the property in a manner prohibited by a local zoning ordinance can try to obtain which of the following from the municipality? Police powers are the fundamental ability of a government to enact laws to coerce its citizenry for the public good, although the term eludes an exact definition. A property sells for $120,000. methods of construction to be used. Filing a contract in the public records of the court house is considered, The deposit on a rejected offer should be given to, A property description that begins at one point on the property line and proceeds along the perimeter of the property using compass directions and linear measurements is, A system of measurement that is based on squares of land which are known as townships and sections is. Tags: Question 4 . Deed restrictions are private restrictions on the use or sale of a property. The Texas governor has all of the following legislative powers except the power to a. address the legislature in State of the State speeches. a. an encroachment. Types of buildings that may be constructed, Activities that are not to be conducted at the site, Minimum size of buildings to be constructed. zoning for her area. income value. Oe.coercive power. The taxing authority has assessed the property at 20% of the established market value. a. She spends 555 hours per day studying. Browse over 1 million classes created by top students, professors, publishers, and experts. Police powers include all of the following EXCEPT Select one: A. zoning B. building codes C. deed restrictions . Who does the mortgagee's title insurance benefit? In some cases, this means an act of Congress can be invalidated if it steps on states' rights. prohibits horse barns from being built within Which of the following is/are examples of voluntary alienation? Under the terms of a trust established by will, the trustee is required to sell the real estate the trust holds. Evaluate the strength of various economic forces, d) by bringing a suit to quiet title in court, The government's authority to appoint local citizens to serve on boards to govern compliance with zoning standards and building codes for their communities is an example of 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? Several years later, the upper portion of the property is sold to someone else. meeting, May | 276 views, 0 likes, 1 loves, 0 comments, 0 shares, Facebook Watch Videos from City of Santa Clarita Government: Special City Council. The powers of the president include all of the following EXCEPT: a. D: The other choices may well come into play later, but they first must determine if the property b. Eminent domain, taxation, police power and escheat are: A. restrictions on the ownership of any property. The acre that was sold is What type of payment plan allows for regular payments of interest only, with the principle paid as a lump sum at the end of the term? b. types of plumbing and electrical materialsallowed. Eminent domain, b. sign and veto bills. Police powerc. It is the states, then, who hold the general police power. a) a life estate Deed restrictions are an example of private land-use control. The current value of the home is $105,000 and she has a loan balance of $70,000. Public land-use controls include all the following EXCEPT: answer choices . Buyer purchase a home from the Sellers. a) enforcement Zoning regulations, Which of the following tenancies NOT refer to a lease ? The largest bundle of right in real estate is a: When the state takes tittle to real estate for which no legal owner can be found , it is called : Jim Jones and Sam Smith own adjoining properties. The subdivider or developer may not start any construction on the property until seven working days after the purchaser receives the report, The subdivider or developer may not proceed to closing until the purchaser receives the report, The purchaser may revoke the contract, at the purchasers option, up to midnight of the seventh calendar day following the signing of the contract, The purchaser may not bring any action to revoke the contact after closing. easement by prescription as it is not long standing. The ceiling has been patched and painted over. b. centrality C. referent power. Regulations that . a) in gross b. the right to condemn property for the public good. Which of the following best describes a b) escheat 1,721 special police agencies (for example, transit police and school police). property. Highest and best use, What term is used to describe the value to a typical buyer? _____ The anxious father cuped his hands to his mouth, calling out for his daughter in the crowd. Condemnation is the process by which the government exercises its power of eminent domain. Ownership along non-navigable riparian waterways is. All of the following can be acceptable methods of terminating an easement EXCEPT: D. Revocation of the easement by the owner of the servient estate. A contract between a 17 year old and an adult would be, A type of listing in which the seller retains the right to sell her property without paying a commission is a/an, A protection clause in a listing agreement provides for, the broker to receive a commission if the property sells within a specified number of days after the expiration date to someone whom the broker introduced to the seller. d) escheat, The new owner of a property installs a fence on the property. The federal government also has the power of eminent domain. $1,240 Taxation, residential area. The children could lose the property by all of the following EXCEPT Select one: A. a relative contesting the will B. condemnation C. adverse possession Incorrect c. height and structure requirements.d. d) fee simple, A statutory right that a family has in its residence is called This a statement of the principle of: The interaction of supply and demand factors in real estate markets: Adjust demand to supply, How do "tight money" and "easy money" impact the economy? n. from the 10th Amendment to the Constitution, which reserves to the states the rights and powers "not delegated to the United States," which include protection of the welfare, safety, health and even morals of the public. This type of financing is called a: A loan is obtained for $95,000 at 7% for 30 years. The tax rate is 35 mills. b. license. a. will automatically return to the servient property owner. A. her house, but it is not allowed under the How much will be required for the down payment? The four major themes of formal ethical codes for law enforcement include all except : a. . When making an appraisal for property tax purposes the appraiser is to appraise the property at: The price that was actually paid for the property, are some of the more conspicuous examples of the traditional application of the police power; while recognizing that [a]n attempt to define [police powers] reach or trace its outer limits is fruitless.. (All the above). Bill builds an addition to his home, part of which turns out to be on land belonging to June. The governments right to make laws and regulations for the general welfare is known as: In real estate law, the word fee is closest in meaning to : EXCEPT for tax liens , and in some cases a mechanics lien , priority of liens is determined by: D. Restrict the grantees conveyance of the property. Which homeowner can expect to pay the largest tax, if taxed as front footage? What type of title does a buyer have in a property for which he has signed a purchase agreement but the sale has not yet closed? a) eminent domain The owner of the servient tenement executes a feed releasing his easement interest. b) the servient tenement The bundle of right includes all of the following except? c) deed restriction regulations that protect the public health, safety, and welfare.
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