Leaseholds Study guides, Class notes & Summaries

What is a legally binding agreement? It is structured by formal, legal documents that define property rights, rules and restrictions It grants rights and/or imposes liabilities and responsibilities on the community association and members It provides governance, business, and communal aspects of administering, maintaining and enhancing the property Could also be considered a "contract" What is a legally binding agreement referred to in certain community associations? A covena...

Agency every relationship in which a real estate broker acts for or represents another as a client by the latter's written authority in a real property transaction associate broker a person who acts on behalf of a real estate broker in performing any act authorized to be performed by a broker broker does the following: *negotiates or attempts to negotiate listing, sale, purchase, exchange, renting, lease or option for any real estate *acts as referral agent in real estate *Collects rent...

Ky Board of Auctioneer Test questions and answers latest top score. Absolute Auction - correct answer. After the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - correct answer. when auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers r...

Mississippi State Agency which was created by 73-35-5 to regulate the licensing of real estate brokers and salespersons, which it's duties and authorities are included in the law. - ANSWER Mississippi Real Estate Commission MREC Any leasehold, interest, or estate in land, including timeshares and condominiums, whether corporal or incorporal, freehold or non-freehold, located in MS or elsewhere. Does NOT include: oil, gas, minerals, leases, leaseholds, estates, or interest of any nature. - AN...

Solutions Manual For Fundamental Accounting Principles (Volume 2) 15TH Canadian Edition By Larson/Jensen/Dieckmann 2024. The cost of a property, plant and equipment asset includes all normal, reasonable, and necessary costs of getting the asset in place and ready to use. For example, cost includes such items as the invoice price paid, freight costs, non refundable sales taxes (PST, HST) and all costs incurred related to installing and testing an asset before it is put into use. 4. Land is a...

Commercial Real Estate Broker Lien - ANSWERSThese laws allow for a commercial real estate broker to obtain and foreclose upon a lien as a legal remedy against a property if the buyer/seller or lessee/lessor fails to pay the broker the agreed upon commission, as their interests in the real property may apply. Commercial Lien Requirements - ANSWERSMust have written agreement Co-op agents have no rights to lien Limited to subject property Filing Requirements for a commercial real estate lie...

Ky Board of Auctioneer Test questions and answers well illustrated. Absolute Auction - correct answer. After the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - correct answer. when auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers...

What is a Real Estate Broker - ANSWER Includes all persons, partnerships, associations and corporations (Foreign or domestic) who List, sell, purchase, exchange, rent, lease, manage, auction, or negotiate real estate for a free commission Additional Terms for a Real estate Broker - ANSWER -Any Person advertising themselves as engaged in the activity of real estate -Any person assisting in procuring prospective individual for real estate transactions -Any person, partnership, association or...

The main reasons the rental or resale value of any timeshare can vary are due to: Its location, season, size, competition, age, and demand. When bringing an individual into an organization, the human resource staff should determine if the candidate's values are consistent with the organizations. The indoctrination of a new employee into an organization should include: An in-depth discussion of the organization's purpose, values, and goals. Madsen Marketing Agency worked on a di...

These notes cover most of the topics taught on the postgraduate conversion courses in the UK (the GDL and the PGDL). They can also cover many introductory papers taught on UK undergraduate Law degrees (LLBs). This document is written in the form of step-by-step exam plans. Compared to standard notes, this will save you lots of time. Most people will make notes during class, and then create exam plans nearer exams. Here, you take both steps together. Using these notes, I gained a Distinctio...