Metes and bounds Study guides, Class notes & Summaries

TRELA First 30 Hours Questions and Answers Rated A+ A "net listing" is a listing agreement in which the broker's commission: A) is negotiated only after there is an accepted offer B) based on a percentage of the seller's net profit from the sale C) is equal to 5% of the buyer's loan amount D) is the difference between the sales proceeds and an amount desired by the owner of the real property D "Metes" comes from the word for... A) calling B) bounding C) measuring D) monu...

Describe at least two requirements under TRELA. (Ans- Act created by Texas Congress 1) All professionals are licensed 2) Use same policy, procedures, and forms. Providing correct documentations and forms during a transaction. TREC wanted to get things standardized. TREC was created in 1949 and that's when it began administrating TRELA. Real Estate Dealers license Act was enacted in 1939 for salesperson and brokers. TRELA is the present act which is active and administered until present day. ...

IAAO 101 Quiz| questions with complete answers The basic responsibilities of the assessor are to ___________________ all taxable property Discover, List, and Value One of the steps an assessor must take in the discovery of property is to Conduct periodic on-site inspections of properties The property tax is a/an _____________________ tax, meaning it is based on value. Ad Valorem If a tax rate is $13.30 per $100, the decimal equivalent would be 0.1330 Actual value...

FUNDAMENTALS OF CODE ENFORCEMENT EXAM QUESTIONS AND ANSWERS ASKING FOR THE DEED - ANS WHAT IS THE QUICKEST WAY TO FIND THE OWNER OF A PROPERTY? Metes - ANS MEANS DISTANCE BOUNDS - ANS MEANS DIRECTION Section map - ANS Is a compilation of all parcels in the Section, whether metes and bounds, Government Survey, or Lot and Block describe the parcels. 60 minutes - ANS How many minutes in one degree? 60 seconds - ANS How many seconds in one minute? Easements ...

Utah Real Estate Exam 250 Questions and Correct Answers Already Graded A+ The New Construction REPC allows for the purchase price on the home to be increased if A written change order is signed in advance by the buyer and seller If the seller will not agree to an option, it might be a good time to use a(n): First right of refusal A special warranty deed contains the Covenant Against Encumbrances. It only covers the time period the___________________ was responsible for the property. Grant...

LSIT EXAM 2024 WITH 100% CORRECT ANSWERS (i) mathematics, (ii) legal principles, (iii) types of surveys and (iv) survey computations - correct answer Know these forsure Survey Process and Methods - correct answer -Instrumentation (e.g., GNSS/GPS, levels, total stations, robotic total stations, scanners, UAS) -GNSS/GPS surveys (e.g., static, kinematic, OPUS, real-time networks) -Control surveys (e.g., horizontal, vertical, network design, accuracy standards) -Cadastral (e.g., Pub...

Michigan State Title Insurance Exam Questions and Answers 100% Solved Metes and Bounds ️️A system describing real estate that uses feet, degrees and a point of beginning is Loan Policy ️️The mortgage debt will be paid by the borrowers is not insured by this policy Appurtenant Easement ️️Runs with the land Owner's Policy ️️Insures that the taxes will not increase in which type of policy Owner's Policy ️️Rights of the government to appropriate land for a highway is no...

Easements can be terminated by: - correct answer1. The purpose of the easement no longer exists. (a new road is built, etc.) 2. The holder of the easement abandons it for the statutory time period. 3. A merger of the properties occurs so an easement is not needed. 4. Destruction of the property or the easement (such as being at the bottom of a new dam filled with water.) 5. The owner of the easement issues a Quit Claim deed back to the property owner that granted the easement. 6. Excessive ...

Fixture CORRECT ANSWER An object that has been attached to land so as to become real estate. An article of personal property which has been installed in or attached to land or a building thereon, in such a manner that it is now considered to be a part of the real estate. Improvements CORRECT ANSWER Beneficial attachments to raw land that increase its value or improve its usefulness. Meridians CORRECT ANSWER Imaginary north-south lines which intersect base lines to form a starting point fo...

NYREI practice exam questions 1. For the income approach to appraisal, value is a reference to what?: the worth of the investment 2. Which method of property description is most frequently used in New York State?: Metes and bounds 3. One important characteristic of investing caused Bill to invest in certificates of deposit rather than real estate. Bill was concerned wit