Browse over 1 million classes created by top students, professors, publishers, and experts. d) homestead, The right of a government body to take ownership of real estate for public use is called the block wall completed, James realized it If Ann grants a life estate to Ben and specifies that title will be transferred to Carl upon the death of Ben, which of the following is FALSE? A 17 year old enters into a contract with his 42 year old cousin. A certificate of occupancy is issued when, every time a new occupant moves into a building. c) leased by renters e. to raise and support an army and navy. Which of the following is not an agent of production? Under a lease, a landlord does which of the following with his possessory interest in the property? d) fixture, After negotiation and payment, the owner of a lot has granted a neighbor an easement, which was recorded. Comparable two is 1475 sq.ft., selling price $88,000. Sams deed gives him the right to cross Jims property. That authority is known as a state's police d) chattel, A license is an example of One of the men decides to sell his interest in the business. The Jedi investment was classified as an available-for-sale security. Under police power, building codes would determine all of the following EXCEPT. If the interest payment for the first month is $96, what was the appraised valuation? Which of the following would most likely be used to enforce the restrictive covenant ? This is increase in value is called, All of the types of depreciation may be curable EXCEPT. If he has to pay a 6% commission to his broker, what does the selling price need to be? Whether in plain clothes or uniform, peace officers have the legal right to visit and inspect any licensed premises at any time the licensed privileges are being exercised without a search warrant. If an easement is abandoned and the property owner wants to have it returned, typically the servient property must prove abandonment in court. Chapter Quiz - Oxford University Press c) escheat c) police power a reversionary interest. Land, The right of the government to establish zoning and land use laws is an exercise of which of the following? Entrepreneurship. Recently, the current owner of the footpath erected a fence across the path. It is not a license, as James did not give his permission; it is not an easement A man is a joint tenant with two other investors in the ownership of an apartment building. b) appurtenant easement A holder of a life estate has all of the following interests EXCEPTa. The governments right to regulate land use derives from : So long as the life tenant is alive , the remainderman has a / an : Which of the following is a NONFREEHOLD estate ? Question: The Securities and Exchange Commission (SEC) is an independent agency with wide-ranging powers that include all of the following, except: Multiple Choice A. conducting judicial hearings on certain securities violations. d) police power, The easement that can be terminated by nonuse is the easement Quiz 4 Flashcards | Chegg.com Two businessmen own a business as tenants in common. assessment ratio is 40%. b. d) eminent domain, A large undeveloped parcel of land on the side of a hill borders a road on its lower edge. Police powers are the fundamental ability of a government to enact laws to coerce its citizenry for the public good, although the term eludes an exact definition. buffer zone? When making an appraisal for property tax purposes the appraiser is to appraise the property at: The price that was actually paid for the property, The transfer tax is $3/1000. An investment property has a gross income of $50,000 with annual expenses $10,000. A holder of a freehold estate has rights of.