Fee simple Study guides, Class notes & Summaries

The word "Ownership" means the same thing as the word A.Freehold B.Leasehold C.Possession D.Both A & C - Answer- D. Both A & C The highest interest in real estate recognized by law is: A.Fee Simple Defeasible B.Legal Life Estate C.Fee Simple Absolute D.Fee Simple Determinable - Answer- C.Fee Simple Absolute The highest interest in real estate recognized by law is: A.Fee Simple Defeasible B.Legal Life Estate C.Fee Simple Absolute D.Fee Simple Determinable - Answer- C.Fee Simpl...

Life Estates - correct answer -level 13 chp 2 The Four Main Types of Estates - correct answer -Freehold Estates Leasehold Estates Equitable Estates Concurrent Estates Freehold Estates - correct answer -Three Types of Freehold Estates Okay, so now you know what a freehold estate is. Let's break it down further into three categories: Fee simple absolute estate Defeasible fee estate (also called qualified fee or fee simple defeasible) Life Estate Fee Simple Estate/Fee Simple Absolu...

Sophia US History 1 Milestone 4 1 Which of the following events resulted in western lands being given away for a nominal fee to independent adults who could improve on them? The Treaty of Fort Laramie The Homestead Act The Indian Wars The Morrill Act CONCEPT Towards a Greater Reconstruction 2 Which of the following was an advantage for the Union in the Civil War? A relatively simple mission More developed infrastructure Easy victories in Richmond and Vicksburg The South's refusa...

What are the two types of freehold estates? - ANSWER-1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? - ANSWER-An estate in fee simple absolute What type of estate do you own if someone grants you real property for you to own only during your lifetime? When you die, the property reverts back to original estate owner. - ANSWER-a life estate The rights of tenants who rent or lea...

EDPNA Exam | 60 Questions with Complete Solutions 100% Correct. The practice items for the Social Security Administration Direct Payment to Non-Attorney Representatives Examination are available below. These items are for practice purposes only and will not appear on the actual examination. All names used in these practice items are purely fictional and do not apply to any real claimants or any other individual. The items are multiple choice and there is only 1 correct answer for each quest...

Fee Simple Estate - ANSWER An estate only limited by government; no other restrictions of ownership Fee Simple Estate - ANSWER also called indefeasible fee estate Freehold estates - ANSWER All fee estates are Qualified fee estate - ANSWER A fee estate that is subject to limitations other than gov't Qualified Fee estate - ANSWER also called fee simple estate Fee Simple Determinable - ANSWER Fee estate which will terminate if a condition stated in the deed comes into being or is te...

pearson vue practice exam Questions and answers, 100% Accurate, graded A+ In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as determined by the broker - -a. included in the listing agreement a lot measu...

WV Real Estate Exam Questions and Answers Already Passed What are the types of fee simple estates? Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute The best type of ownership you can get. Fee Simple Defeasible Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? Fee simple determinable 2 Condition subsequent Fee Simple Defeasible Will include: so long as, while, during and includes the term reverter. Reverter Former ...

What are the types of fee simple estates? - correct answer Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute - correct answer The best type of ownership you can get. Fee Simple Defeasible - correct answer Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? - correct answer Fee simple determinable 2 Condition subsequent Fee Simple Defeasible - correct answer Will include: so long as, while, during and includes...

A farmer temporarily installs produce coolers in a leased farm stand in order to prevent spoilage. The coolers would be considered which of the following? a) Trade fixtures that are real property. b) Trade fixtures that are personal property. c) Temporary real property. d) Emblements. - Answer- b) Trade fixtures that are personal property. Property can be converted from real to personal property and from personal property to real property by means of which processes respectively? a) ...