Freehold Study guides, Class notes & Summaries

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

Freehold vs. Leasehold Study Guide Exam 2024. Act of waste - CORRECT ANSWER Abuse of a property by a person who holds possession through a life estate Fee simple - CORRECT ANSWER An inheritable estate Fee simple absolute - CORRECT ANSWER Provides the most complete form of ownership and bundle of rights in real property Qualified fee - CORRECT ANSWER An inheritable freehold estate that is defeasible (the grantor can terminate the title). For example, a parent could transfer property...

Which law applies to Land Registration & Ownership (Role of DLD) Law No. 7/2006 Which law applies to Designated Areas (Freehold vs Leasehold for non GCC) Regulation No. 3 of 2006 Which law applies to Regulation of Real Estate Brokers Law No. 85/2006 Which law applies to Establishment of RERA Law No. 16/2007 Which law applies to Escrow Accounts Law No. 8/2007 Which law applies to Tenancy Law Law No. 26/2007 Law No. 33/2008 (amendment) Which ...

CONTENTS OF A LEASE 3 ADVISING ON A LEASE When advising on the terms of the lease, do not look at the lease in isolation → look at the freehold title as there may be freehold covenants which affect the use and enjoyment of the property. Consider: lease, the law, landlords title, and Local Authority consents TERM AND BREAK CLAUSE Term - look at the definition of ‘Term’ in the least to calculate the contractual expiry date e.g. ‘from and including xx’ or ‘from xx’ Break claus...

How much time is given to pass the Ohio salesperson exam? - correct answer3 hours How many hours of pre-licensing education do you need in Ohio? - correct answer120 hours How old do you have to be in Ohio to obtain a Real Estate License? - correct answer18 years old Lori has agreed to transact real estate business on behalf of Alex with Alex's authority. Lori is: - correct answerAn agent Ownership of real property for an undetermined length of time is called: - correct answerA freeh...

All you need for the exam. Detailed SGS Activity notes, alongside exam structures - have this by your side during the open book exam and it will be hard not to get a distinction. This is part 1(please see bundle options to buy part 1 and 2 together). This is the second half of all the SGS complete with exam structures

This document provides full notes in order to successfully take the exam for the Real Estate LPC. These are summarised notes for all units 1-15 of the module. Explaining all principles and set out exam structure to help in the exam. Professional conduct questions and answers. Short MCQ Questions. How to draft a TR1 and AP1. Checklists to follow as a structure for exam questions. Take this into the exam with you for all the information you could need to succeed!

lOMoAR cPSD| PLP SGS 10 RELATIONSHIP BETWEEN THE PARTIES: Privity of estate - Parties who share an immediate interest in the same land, e.g. landlord and tenant Privity of contract - The original parties to a contract - can sue for breach of contract, not withstanding their subsequent disposal of their interest. Privity of estate ceases to exist once one of the parties sharing an interest in the land disposes of their interest, so it cannot be relied upon to pursue a remedy. OLD LEASE: ...

Title - correct answer Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. - correct answer What is the definition of a 'Condominium Corporation'? The condominium board - correct answer Who establishes the rules and bylaws in a condominium? To secure the assets of the co...

Title - correct answer Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. - correct answer What is the definition of a 'Condominium Corporation'? The condominium board - correct answer Who establishes the rules and bylaws in a condominium? To secure the assets of the co...