Real Estate Principles- Final Exam Review.docx - Real...

  • No School
  • AA 1
  • hdnichols92
  • 4

This preview shows page 1 - 2 out of 4 pages.

Real Estate Principles Final Exam Review Chapter 1 : Not too much to worry about if anything. License requirements… Chapter 2: Definition of land. Land and improvements = real estate Fixtures vs. personal property Plants, trees and crops ownership Legal descriptions… Meets and bounds Recorded plat method Physical and economics characteristics of land Chapter 3: What rights the government has. Taxes, immanent domain, police power Fee simple Estate – highest form of ownership Encumbrances/Easements – Types Types of estates – life, statutory (dower and curtsy) Free hold and lease hold estates Chapter 4: Forms of ownership. Sole, Joint tenancy (right of survival ship), tenancy in common. Community property estate Limited liability company form of ownership Chapter 5: Deeds – Warranty, quick claim, Essential elements of a deed How to record – acknowledged/notarized Adverse possession Chapter 6: Title insurance How to verify title/deed Type of titles – owner/buyer/combo Where to record documents
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read all 4 pages?

  • Fall '19
  • Mortgage loan

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture