b. d) chattel, A license is an example of If a buyer is allowed to assume the seller's loan, but must pay the current interest rate, the loan must have had what type of clause, If the full amount of the debt is not recovered through foreclosure, the lender can, The purpose of a mortgage certificate is to. (Linkage), [and that] it is a sufficient justification for the destruction of goods contained in such building, for which no compensation is provided. In 1872, in the Slaughterhouse Cases, the U.S. Supreme Court upheld a New Orleans law which required slaughterhouses to move to the outer skirts of the city to maintain the cleanliness and health of the city as a valid exercise of police power. are some of the more conspicuous examples of the traditional application of the police power; while recognizing that [a]n attempt to define [police powers] reach or trace its outer limits is fruitless.. This mortgage arrangement is best described as a, A contract in which Mr. Smith is obligated to sell but Mr. Jones is not obligated to buy would be, a unilateral contract in which Mr. Jones has the option, One of the main purposes of zoning laws is to. a) with no notice to the current property owner Ben owns the property.d. rights of remainder.d. The desire to purchase along with the ability is known as, A person who wishes to leave the title to property that he owns in severalty to his wife and daughter on a one-third, two-thirds, undivided basis, would convey title as. Attorneys title opinion. a) easement in gross The down payment was $10,000, and she obtained a loan of $75,000. b. license. Use a dictionary if necessary. (Externalities). allows the owner to use the property in a manner normally prohibited; eminent domain refers to the Standard title insuranceb. The police power is commonly thought of as the regulatory power of the state. Contribution. a. Ben is the life tenant.b. b. oversee primary and secondary education. an easement. Sam wishes to sell his true unrest on the property. a) the lis pendens A: Police powers can regulate all of the other items, as it is the government's right to enact The four major themes of formal ethical codes for law enforcement include all except : a. . Therefore, the option B. is correct because it is not part of the basic public function in the society. Liens, easements, and restrictive covenants are encumbrances. d. inverse condemnation, Real Estate Express - CH07U06 - Land Use Cont, Chapter 17 Nervous System and Sense Organs, Examen final de otoo Repaso del vocabulario, Chapter 2: Agency and the Practice of Real Es, Chapter 5: Property Ownership and Transfer of, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses, Eric Hinderaker, James A. Henretta, Rebecca Edwards, Robert O. Self, Byron Almen, Dorothy Payne, Stefan Kostka, Edge Reading, Writing and Language: Level C, David W. Moore, Deborah Short, Michael W. Smith. B: You can determine the taxes by using the following formula: To meet the competition, a) enabling acts government's right to take the property under certain circumstances; and inverse condemnation All interests in real estate are estates in land Escheat. d) an easement by necessity, The electric company has the right to extend its wires over 50 parcels of land. 50. Which of the following would be considered a service contract? Protection on a primary home against certain creditors is known as. a. a leasehold estate.b. B: Eminent domain and escheat both refer to the right to take property; riparian rights refer to, Your city has a zoning ordinance covering, A: This represents a material fact that a licensee should disclose, so "A" is the correct answer. The taxing authority has assessed the property at 20% of the established market value. a. the amount of property owned by an individual.b. If a seller makes a counteroffer, which of the following is true? Real Estate Exam Chapter 2 | Corporate Quiz - Quizizz Modern jurisprudence is equally willing to recognize the broadness of a states police power. Environmental protection laws. d. invoked the supremacy clause of the Congress. Restrictive covenant. This is a violation of his deed restriction. d) freehold estate, Notice of a pending legal action that can be filed in the public record is human rights of all persons, among which are the following: b. ownership. (Open market), Solved 20) Powers reserved to the states include all of the - Chegg Which of the following would be found on a mortgage certificate? ), All of the following could be encumbrances on real estate EXCEPT. b. types of plumbing and electrical materialsallowed. _____ The anxious father cuped his hands to his mouth, calling out for his daughter in the crowd. b. coordination among federal, state, and local agencies. Carl is the remainderman. Which of the following would not have to be disclosed under RESPA? One of the men decides to sell his interest in the business. possibility of potential liability. Radon generally enters a house through: a. a reversionary interest. A couple obtains an ARM loan with an interest rate of 7%. a) subject to an easement in gross A husband and wife own their home as tenants in the entireties. her house, but it is not allowed under the a.) property that has been there for many years. 1. a) in gross a qualified fee estate.c. False: Governement and owners either agree to the price, or a court decides. The president is commander in chief of the armed forces. d. the state. May carry firearms, make arrests, and make searches in specified situations. Which of the following statements is true? POLICE POWER includes all of the following except. Most of these powers are set out in legislation. Who can arrest me and why? c. height and structure requirements. She will need a variance to a) police power Establishing public schools . Study Resources . Property in the area is assessed at 20%. Substitution, An offer which has been made but has not yet been accepted is, The Browns are selling their house, which is unencumbered, to the Blacks for $115,000. The upper portion of the property does not border any road. Highest and best use, D: The minimum number of square feet per housing unit would be regulated by a local zoning The owner of the servient tenement executes a feed releasing his easement interest B. Granting permission to use ones land creates a license, which is not an interest in land. c) by bringing a legal action in court Study with Quizlet and memorize flashcards containing terms like A freehold estate limited in duration to the life of the owner or the life of some other designated person or persons, The highest interest in real estate recognized by law in which the holder is entitled to all rights to the property, The person named by the creator of a life estate to receive the property when the life estate . Zoning regulations, Police powers include licensing, inspection, zoning, safety regulations (which cover a lot of territory), . He will have attorney's fees of $2,500, and he needs to net $30,000 cash. c. ownership. The Texas governor has all of the following legislative powers except the power to a. address the legislature in State of the State speeches. d) the legal life estate, A claim against another's property is known as c. government in which different parties control different branches. The cost of adding street lights to a subdivision would be paid for by, In states where water is scarce, ownership and use of water is often controlled by the state rather than by the adjacent land owner. Two houses in the same neighborhood were both built twenty years ago. Bill builds an addition to his home, part of which turns out to be on land belonging to June. (Balance), neighborhood. All of the following would be considered to have an interest in land EXCEPT. The Jedi investment was classified as an available-for-sale security. b. sanitary equipment. d. break tie votes in the senate. How might a restriction in a sellers deed be enforced? a. building permit. The hiker has Public land-use controls include all the following EXCEPT: The police power allows regulation of all of the following EXCEPT: Maintain municipal control over the volume of the building, Provide evidence of compliance with municipal construction regulations. If the index for the new year is 6.5%, what will the new interest rate on the loan be? Which of the following would be used by a purchaser to reveal encroachments? Homestead rights protect a primary home from foreclosure by certain lienholders. a. eminent domain Which of these easements might the neighbors claim would require the owner of the footpath to remove the fence an estate at sufferance.d. What is Maria's opportunity cost of reading 100100100 pages of sociology? Which of the following types of ownership allows for unequal ownership interests? extended almost a foot onto his b. types of plumbing and electrical materials allowed. Which of the following liens has first priority? Which is true ? Estate at sufferance. The term does not directly relate to the common connotation of police as officers charged with maintaining public order, but rather to broad governmental regulatory power. According to Klockars what are the four elements of police power a Find out more about Police powers and PCSO powers on this page. The government can pay any price it wants for property taken by condemnation. title. Which of the following is true? c) $15,000 Condominium convenants, rules , and regulations. On May 12, 2014, Chewco Co. purchased 2,000 shares of Jedi Inc. for $112 per share, including the brokerage commission. d. minimum number of square feet of Buyer purchase a home from the Sellers. Escheat, In all likelihood, the neighborhood is in, The development phase, C. investigating potential violations of securities laws eminent domain A map illustrating the sizes and location of streets and lots in a subdivision is called a: Soil absorption and drainage are measured by a: When a subdivision was developed, a deed restriction covering all the properties in the subdivision set aside the back six feet of each parcel as a combination green belt area and bicycle path. Aaron hates to go to restaurants for fear that he will be seated in the far back of the restaurant and be unable to get out in case of an emergency. a. specific lien rights.b. A survey would be used to discover zoning setback violations or encroachments. Which of the following duties would be most difficult for a dual agent to perform? Which of the following would protect the lender against title problems? Chapter 4 Zoning and Eminent Domain Flashcards | Quizlet A 1854 Vermont Supreme Court case, Thorpe v. Rutland & Burlington Railroad, held that a Vermont statute that required railroads to fence their lines and maintain cattle guards at farm crossings, or else they were strictly liable for damages to the animals, was a valid exercise of police power. 1,721 special police agencies (for example, transit police and school police). To be valid, a deed must include all the following except A) tax B) consideration C) name of the grantee D) legal description A When a person dies, ownership of real estate A) must go through probate B) passes upon notice to all the devisees in a will C) passes via the laws of decent and distribution D) passes immediately Sale value, a) lien If an easement is abandoned and the property owner wants to have it returned, typically the servient property must prove abandonment in court. When is a certificate of occupancy issued? b. deed restriction. d) authority, A property on Main Street that was formerly a retail store will become the site of a new city hall, made possible by the government's power of An electromagnetic field (EMF) is created by, C: The correct answer is "C" as the homeowners do not have to agree with the CC&Rs but must, A: Eminent domain is the right of the government to take public land or property for public use or, When a county adversely acquires land for a, B: Mold results from a moisture problem and can cause health issues to those allergic to the mold, The potential buyers of a property should. c. a high-rise residential complex c. a hunter who has been given permission tohunt in a field. yes, because the law covers anyone who is currently mentally ill or recovered. Which of the following principles best describes the effect of an international airport on the value of a nearby residential subdivision? a) informal agreements between neighbors (All the above). Estate for yearsc. What is the market value? Under the terms of a trust established by will, the trustee is required to sell the real estate the trust holds. 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, d) by entering the property and claiming ownership, Which of the following has an indeterminable duration The governments right to make laws and regulations for the general welfare is known as: In real estate law, the word fee is closest in meaning to : EXCEPT for tax liens , and in some cases a mechanics lien , priority of liens is determined by: D. Restrict the grantees conveyance of the property. e. to raise and support an army and navy. Permission grated to hunt on anothers land is an example of : Which of the following would be a less than freehold estate ? Chapter Exam - Oxford University Press zoning.d. 30 seconds . Police powerb. The greatest possible degree of ownership in real property is: What type of ownership has definite rights of survivorship? Descriptions: Practice Exam ; Police powers include all of the following EXCEPT, C) deed restrictions. (Condemnation), b. a list of obtainable variances. He must return it to the buyer plus a like amount. The _________ system is a free and full ownership of rights in land by ___________. If the sentence is correct, write Correct. A will which is written in the testator's own handwriting, signed and dated, but not witnessed is a. to tear down his barn. Causes demand to decrease as the supply dwindles, Freeholds do not need to be in writing but leaseholds dod. c) appurtenant easement d) the fee simple determinable, For as long as anyone can remember, neighbor families have used a footpath to get to the river. User Guide to Police Powers and Procedures - GOV.UK Replacement cost is currently $50 per square foot. Several years later, the upper portion of the property is sold to someone else. Life estate c. Leasehold estate. Encroachments are physical encumbrances such as overextending eaves, trees, driveways or buildings. A broker receives a check for a deposit from a buyer and deposits the check in his operating account. b) landlocked property that requires passage to the street c) inverse condemnation That all taxable articles or properties of the same class shall be taxed at the same rate underscores- Uniformity in taxation 42 following are limitations of taxations: A. Territoriality of taxation; B . d) eminent domain, A large undeveloped parcel of land on the side of a hill borders a road on its lower edge. Police Power. Use value. An easement appurtenant can be terminated by all of the following EXCEPT: A. A fee estate gives the owner the right to sell, will, or give the property away, which is known as alienation. Anticipation, remains in place and will transfer with the property. After she had b. When the government has the right to take privately owned land for public use and pays the owner just compensation it is known as : When the government has the right to take privately owned land for public use and he owner has been paid just compensation the process is called : Mrs K has life tenancy in a property. Which of the following would be covered by a judgement ? Federalism's advantages include all of the following EXCEPT: a. protection of individual rights. Reasonably probably, D. Life estates always pass to the remainderman, For ten years Jones had a verbal permission to park his car on Smiths driveway . Which of the following statements is incorrect in regard to a life estate? Taxation, A house sells for $180,000 and the buyers have obtained an 80% loan. Subdivision regulations. Coining money; Building roads; Collecting taxes; A freehold estate limited in duration to the life of the owner or the life of some other designated person or persons, The highest interest in real estate recognized by law in which the holder is entitled to all rights to the property, The person named by the creator of a life estate to receive the property when the life estate ends, Upon the death of the life tenant, the property returned to the grantor. b. The 1999 taxes on a residence are $400. If the demand for homes remains constant ant the supply: The Petersons found a home they like very much but decided not to buy it after learning the price. Work is completed and contract is paid in full on Aug 15. Whom does the court appointed to settle and manage the estate of a person who dies intestate ? Choose the exception- Non-appropriation for religious purposes 41. a. an encroachment. d) entirety, Because a homeowner failed to pay the real estate taxes on time, the taxing authority imposed a claim against the homeowner's property. Freeholds have an indefinite duration but leaseholds can terminatec. . You could sue a municipal fire department for damaging your building in the process of putting out a fire. disclosure of financing costs including interest rate, A good faith estimate of all closing costs within 3 days of loan application, A lender refusing to make a loan to a qualified borrower because of the location of the property is an example of, changes the priority of recorded mortgages, A loan which has smaller monthly payments with a lump sum due at the end of the term is a. Correct! c) an easement by necessity a) $640 Solved QUESTION 22 Position power includes all of the - Chegg the nature and scope of the police power. Police Power. An appurtenant easement that arises when an owner has no access to the street except across his neighbor's land is called: A property management agreement would be an example of a, A lease agreement which is often used as a way of raising capital is a. C: Lead impedes water flow; asbestos was used as insulation; UFFI also refers to insulation. An investment property has a gross income of $50,000 with annual expenses $10,000. Revocable, nonexclusive permission to use property is called. No (except for provision governing killing a peace officer; also law gives federal officers some police powers) Federal officials authorized to enforce federal laws and carry firearms in the performance of their duties . b) taxation b) private agreements affecting the use of the land a lien.d. c. create post offices. Two businessmen own a business as tenants in common. Find the misspelled word in each sentence. major highway that is near a A tenant who continues to occupy the premises after his lease rights have expired WITHOUT consent of the landlord creates: The wording in a deed to B for the life of C creates an estate known as : When property reverts to the state due to lack of heirs it is called. b. a variance d. the chimney. On the closing statement any new loan proceeds would be listed as. b) curtesy This problem has been solved! d) by restriction, What are deed restrictions d. a) fee simple b) runs with the land How much must be escrowed? b) escheat other answers refer to governmental controls. POLICE-OPERATIONS-1.pdf - I. POLICE OPERATIONS Categories - Course Hero All of the following are considered to be real property rights EXCEPT. A type of deed which grants title free of defects past and present is known as a. Mortgagee title policies protect against _________ loss? A house sells for $125,000. c) a restriction The wife's interest was called a) two adjacent parcels, one owner Which of the following groups is NOT protected by fair housing laws? Taxes do not become liens until the due date for payment has passed. The original building supply company files a mechanics lien against the homeowner on October 1. 2003-2023 Chegg Inc. All rights reserved. Substitution, (Market analysis). a. doors and windows left open. a.) Eminent Domain. a fixture. onto another's property. c. to establish a post office and post roads. If the resident has an outstanding mortgage balance of $35,000 and credit card debts amounting to $24,360, how much is protected by the homestead exemption? b) nonuse of a prescriptive easement A property sells for $120,000. a leasehold When a very expensive home is built in a neighborhood of small modest homes, the result will most likely be: Decrease the value of the more expensive home. a. The process of a local government in exercising its power of eminent domain is known as: Police power, a) release of the right of easement to the dominant tenement If the grantor of a life estate retains reversionary rights, ownership in fee simple reverts to the grantor at the end of the life estate. The owner of the servient tenement executes a feed releasing his easement interest. The following information may help you to understand these powers and what rights and responsibilities you have in different situations. 2003-2023 Chegg Inc. All rights reserved. b) used as a vacation home She can also read 505050 pages of sociology in an hour. They would each have a different effective age. Public land-use controls include all of the following EXCEPT: deed restrictions. What type of title does a buyer have in a property for which he has signed a purchase agreement but the sale has not yet closed? (Market value), When the U.S. Supreme Court has considered such cases, it has tended to use a doctrine called "balance of interests . Real property taxes are computed based on the propertys. a. acceptable land uses. general lien rights.d. the block wall completed, James realized it . n. from the 10th Amendment to the Constitution, which reserves to the states the rights and powers "not delegated to the United States," which include protection of the welfare, safety, health and even morals of the public. Special City Council Meeting | May 1, 2023 - Facebook POLICE OPERATIONS Categories of Police Operations 1. d) a leasehold estate, Every state has the power to enact legislation to preserve order, protect the public health and safety, and promote the general welfare of its citizens. The Browns will take an amortized loan on the house for the balance at 8% for 25 years. the rights held by someone who has a possessory interest in real estate.c. A seller wants to sell his house and pay off a mortgage of $43,000. a license.c. In order to build the A mortgage which allows the borrower to have initial lower monthly payments that increase over the term of the loan is a. C. a percentage of the sale price or the appraised value, whichever is lower. B: The correct answer is deed restriction, as it is an example of private land use control. a) appurtenant Police power controls include all of the following except 1. The limitation on fee simple absolute property rights are: Taxation, Eminent domain, police power, escheat. 49 state police departments. A reversionary interest could only be held by Ann, the grantor. By mistake, the fence extends one foot over the lot line onto a neighbor's property. A variance Highest and best use, Life tenancy, like all other free- hold estates, is an estate of ownership. He sold the thirty front acres to Smith but reserved an easement for the right of acess to back twenty acres, D. Jones estate in the twenty acres is subject to Smiths interest. Chapter 2 Quiz Flashcards | Quizlet The subject property is a 1500 sq.ft. Of the four essential elements of value, which of the following must be coupled with purchasing power? Legal Dictionary | Law.com What right does the electric company have? Police power (United States constitutional law) - Wikipedia The type of interest held by the grantor in the life estate must have been, Unlike other freehold estates, a life estate is not inheritable. a. condemnation.b. The state's authority to enact and enforce police powers is passed on the the municipalities through: A special assessment has been levied for a subdivision to improve the drainage system in the subdivision. a. an estate at will.b. Unit 7: Transfer of Title Flashcards | Chegg.com Q. A building housing an insurance agency existed before the property was rezoned residential. The agencies include. Police Role In Society - ProProfs Quiz Police powers legal definition of police powers - TheFreeDictionary.com Chapter Exam - Oxford University Press Substitution, Comparable one is 1450 sq.ft., selling price $85,000. D. The acreage , residence , automobiles and motorcycles. b) a promissory note The selling price of the property is $110,000 and the appraised value is $104,000. police powers: n. from the 10th Amendment to the Constitution, which reserves to the states the rights and powers "not delegated to the United States" which include protection of the welfare, safety, health and even morals of the public. Thomas has a horse barn on his A states regulatory power, therefore, is incredibly broad and is limited predominantly by the state constitution, powers which the federal government holds exclusively, the Takings Clause and the incorporation of fundamental federal rights through the Fourteenth Amendment. The subdivider or developer may not start any construction on the property until seven working days after the purchaser receives the report, The subdivider or developer may not proceed to closing until the purchaser receives the report, The purchaser may revoke the contract, at the purchasers option, up to midnight of the seventh calendar day following the signing of the contract, The purchaser may not bring any action to revoke the contact after closing. The fence is an example of d) by prescription, A homestead is a legal life estate in real estate that is a. a recreational area between a Police Systems. covers projected environmental impact of proposed structures. A woman bought a house 7 years ago for $85,000. Police officers, sheriff's deputies, and ABC Agents are all sworn law enforcement officers (peace officers) with powers of arrest. ordinance, not by building codes. The other answers c. lists of permitted non-conforming uses.
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