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08
May
0

Valuation and Market Analysis Practice Questions

Posted by on in Valuation & Market Analysis
Valuation and Market Analysis Suretestsagent.com questions. Check them out!   54           Bob is the owner of a property and he builds a shed that extends 3.5 feet over the lot line onto a neighbor's property. The shed is example of a(n)              ENCROACHMENT             ENCUMBRANCE LICENSE                EASEMENT          RESTRICTIONAL RIGHT Property encroachment occurs when one land owner builds something that protrudes onto another lot. An easement is the right to use another's land without possessing it.         Valuation and Market Analysis 55           Corn and Soybeans that are planted to be harvested are best described as FRUCTUS INDUSTRIALES    EMBLEMENTS  ... Continue reading
15
Apr
0

Real Estate Practice Exams on Licenses

Posted by on in Valuation & Market Analysis
A brief but informative question from the Real Estate Practice Exams over Licenses.   If Bob grants his neighbor Sue to use his pond for swimming for one day, Bob has issue what to Sue? A) LICENSE B) LIEN   C) EASEMENT D) APPROPRIATIVE RIGHTS           The permission that Bob gave to Sue to use the land/pond for a day is a license, which is revocable by the grantor at any time. An easement is the right to use another's land without possessing it.... Continue reading
01
Apr
0

Survey question from Suretestsagent.com

Posted by on in Valuation & Market Analysis
A survey is done to determine the                1) LOT SIZE AND BOUNDARIES          2) IF A BUILDING ENCROACHES ON THE NEIGHBORING LAND          3) IF THE ORIGINAL LAND SURVEY WAS DONE INCORRECTLY      4) EASEMENT           A survey is done by a surveyor to determine the lot size and the lot boundaries. An easement is the right to use another's land without possessing it.... Continue reading
27
Mar
0

Real Estate and accretion.

Posted by on in Valuation & Market Analysis
What is Accretion?   What is the process that is described when waterborne silt is deposited into a lake or river bed, and gradually increases?          A) ACCRETION      B) SILTING             C) EROSION        D) CONTRIBUTION   Explanation Accretion is the gradual process of silt depositing into a lake or riverbed. Contribution is the set of rules that states an item is worth only what it contributes in value to the property. Erosion – Is the process, which is typically slow, of natural forces removing rock and dirt from one piece of real property and moving it... Continue reading

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