The timeline of the life tenant/ ownership is gauged off the mom's life. A firm with a WACC of 10%10 \%10% is considering the following mutually exclusive projects: Which project would you recommend? ( 80 ) A person who has the right to occupy a property only during a specific period of time, most likely owns a(n): The simplest form of legal description is the: The main vertical boundary in the governmental rectangular system is: A strip of land 6-miles wide that runs east to west is known as: A strip of land 6-miles wide that runs north to south is known as: The section immediately North of section 6 would be: A monument used in the metes-and-bounds legal description can be all of the following except: The owner of a lawn that is 60 ft by 90 ft purchases a grass treatment for weeds, the cost of the treatment is $0.50 per square foot. The interest Lonnie has in the property is a. b. ensure the health, safety, and welfare of the community all of the seller's interest in the property, if any, belongs to the buyer. D the father's other children, A the daughters heirs Which of the following forms of ownership with the person want? A document that protects against hidden risks such as forgeries and loss due to defects in the title, subject to specific exceptions, is called, A house sold for $180,000 and the buyer obtained an FHA-insured mortgage loan for $120,000. b. tenancy for years What is correct, "his father" or "her daughter"? - Quora the words so long as creative free simple determinable that limits use of the property for medical purposes the former owner retains the responsibility of reverter page 112, the types of real estate ownership that is most of all inclusive is a If the price of an item has risen while the supply has dropped, we can most probably estimate: While the demand is held constant, the price has dropped, we can most probably assume: A person who brings together a buyer and a seller would most likely be a(n): Which is not a physical characteristic of real property: A person who estimates the value of real property is a(n): The most common word used for the transfer of real property between buyer and seller is: Which activity would not require a license? $589. C conditional free estate This concept has an indeterminable duration? A father conveyed the family home to his daughter by will as a pur autre vie A father conveyed the family home to his daughter by School Virginia Tech Course Title REAL 2004 Type Test Prep Uploaded By Saltydog33 Pages 66 Ratings 95% (38) This preview shows page 4 - 7 out of 66 pages. A real estate professional sells property listed by another brokerage firm in the multiple listing service. a father conveyed the family home to his daughter If the daughter should die before the mother, who gains possession of the property? The owner wants to retain control over the lake, frontage while allowing lot owners to have access to the lake. Principal$15,321NumberofDaysMay5toSept.12Amounta. The man's land an appurtenant easement over his neighbor's land for ingress and egress. 1. Lampierre makes silver and gold candlesticks. d. reversion estate, A person who acquired ownership that can be inherited, with the provision that the land must always be used for recreational purposes, has which of the following? Samuel tells Joanne that she can store her camper in his yard for a few weeks until he needs the space. Photo: Laurence Mouton/PhotoAlto/Corbis; Illustration: Konstantin Sergeyev. Each owner has a proprietary lease with the association for his or her own unit. may request a court-ordered sale and have the proceeds in excess of the statutory exemption and exempted liens applied to the debts. a. escheat Nothing. She must do which of the following to be able to sell her interest? b. is the dominant tenement What It's Like to Date Your Dad. Because the owner of the property has not paid for the job. C and encroachment Which of the following types of access rights would provide the greatest protection for a prospective lot purchaser? a. An easement by necessity should be created for the landlocked parcel. B unsuccessful because owner's property extends only to the high watermark and the public may use the land beyond this point Ninety-five percent financing is available for the structure. The owner learned that the local citizens had been walking along this beach for several years. d. There must be constructive notice, Herta conveys a life estate to her grandson and stipulates that upon her death the estate will pass to her son-in-law. The real estate professional has been working with the buyer for many months but does not have agency contract with him. D can force the debtor to sell the residence in order to pay the outstanding debts in full, C may request a court order sale and have the proceeds in excess of the statutory exemption and exempt liens applied to the debts Remainderman b. A man owned two acres of land. c) trustee's deed How much is the treatment? B remainder interests b. When her father dies, Mrs. D will recapture the ownership of the apartment building. D an encumbrance, which of the finest example of a legal life estate A standard rectangular survey system section contains: Which of the following is a lien on real estate? A demonstrate the authority of the state An appurtenant easement He sold one acre to Farley and reserved one for himself an appurtenant easement over Farley's land for ingress and egress. 40. a. remainder estate d) $319,300, "For another life" (involves conventional life estates), What are the 3 basic methods used to describe real estate, 1. In August 2014, Avid manufactured 1,000 controllers, 80 of which required rework. A the taking must be for a public purpose a. estate in reversion B. A conventional life estate d. periodic tenancy, The type of real estate ownership that is most all-inclusive is a \text{Material moves}&250&750\\ 420 & 462 & 605 & 545 \\ The type of real estate ownership that is MOST inclusive is a: Daughter's heirs A father conveyed the family home to his daughter by will as a life estate pur autre vie for the life of her mother. Which of the following types of access rights would provide the greatest protection for a prospective lot purchaser? View full document See Page 1 The father had sex with his foster mum . A parking spot in the condo's basement garage. Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period. Builds with the intent to sell finished property, A landscaping company has not been paid for its work on a, property. Homestead laws protect C. Public records list all the beneficiarie. overhead. Upon selling the home to move to Florida they have realized a capital gain of $530,000. A is the sevient tenement The municipality must construct a street to create access. B. 2. What type of easement is this? A father conveyed the family home to his daughter by will as a pur autre vie estate for the life of her mother. B prior appropriation rights Lot and block (recorded plat), "To have and to hold" Provisions must agree with those stated in the granted clause, A deed must contain an accurate legal description of real estate conveyed and must be done by a professional surveyor to accurately market the boundaries, Care The store measures 92 feet long and 50 feet wide. A a free simple estate She wishes to subdivide the parcel into salable lots, but she wants to retain control over the lake frontage while allowing lot owners to have access to the lake. a father conveyed the family home to his daughter Mock Exam 1 Flashcards | Quizlet She said she is now the family's favourite. Chapter 5 - Interest In Real Estate Flashcards Preview - Brainscape c. Successful because the owner's property extends to the middle of the water bed Murdered Abby Choi's former father-in-law allegedly asks her present in This allocation of water rights is controlled by, the purchase of a ticket for a professional sporting event gives the bearer, B a license to enter and claim a seat for the duration of the game, which of the following has an indeterminable duration, if the owner of the domainant tenement becomes the owner of the servient tenement and merges the two properties, it a seat in left a will giving his neighbor the right to use it well on the decedent's land as long as the neighbor lived. a father conveyed the family home to his daughter Sports movie fight scenes that pack the biggest punch C easement running with the land 58 Father-Daughter Quotes, Because She'll Always Be His Little Girl The note is then discounted at 12%. Upon selling their home to move to Florida they have realized a capital gain of $530,000. Which of the following types of access rights would provide the greatest protection for a prospective lot purchaser? a father conveyed the family home to his daughter A life estate conveys to the life tenant an: J owned the fee simple title to a vacant lot adjacent to a hospital and was persuaded to make a gift of the lot. d. The father's other children, The daughter's heirs The severalty owner of a parcel of land sells it to a buyer. What is FALSE about the owning a condominium? \end{array} & \text { Amount } & \begin{array}{c} a father conveyed the family home to his daughter The daughter's heirs c. The mother b. When Jessica successfully elopes with her Christian lover Lorenzo, stealing her father's gold and jewels on the way out, Shylock is equally upset about the loss of his daughter as his is about the loss of his money. He never put up a head stone as dad requested in his will. John's son is "his son" and John's daughter is "his daughter"; Mary's son is "her son" and Mary's daughter is "her daughter." In the same way, you need "his" or "her". D an easement by necessary should be created for the landlocked parcel, D an easement by necessary should be created for the landlocked parcel, the road to John's hunting cabin is winding along, and the shorter, more direct route, is across Sam's land. The son-in-law has a(n). Dad Little Daughter Spend Time Together Stock Footage Video (100% A homestead exemption protects against judgments. A free simple estate The owner of a condominium unit learns that a neighbor has failed to pay his real estate taxes.