BUSI 422 Read & Interact Brueggeman & Fisher Chapter 1 solutions complete answers

BUSI 422 Read & Interact Brueggeman & Fisher Chapter 1 solutions complete answers

 

Zoning ordinances allow governments to do what?

 

Things have to be _____________ attached in order to be considered real estate.

 

For a real estate contract to be enforceable, it must be in _____________.

 

True or False: Real estate refers to stocks and bonds.

 

Property rights grant a person which of the following rights with their property?

 

Rights to the holder of a mortgage vary by?

 

Real estate derives from the term realty, which means _____________ and everything attached.

 

In order to be enforceable, real estate contracts must:

 

A system of _____________ has evolved that describes the nature or collection of rights and interests being described as part of a transaction.

 

Ownership rights associated with real estate are referred to:

 

True or False: An estate not in possession does entitle its owner to immediate enjoyment of the rights to that estate.

 

A freehold estate is an example of an:

 

In general, the holder of a mortgage has the right to do what to the property?

 

A _____________ estate lasts for an indefinite period of time.

 

A leasehold estate expires on a ____ date.

 

Everything a person owns is referred to as their _____________.

 

An estate not in possession represents a ______ possessory interest in property.

 

A freehold estate is the most _______ form of ownership.

 

A leasehold estate is an example of an:

 

In a life estate, upon _____ of a person, the property reverts back to other parties.

 

A freehold estate lasts for a(n) _____________ period of time.

 

A future estate is an estate that is classified as:

 

True or False: A leasehold estate lasts for ever.

True or False: A leasehold estate lasts forever.

 

A reversion allows the grantor (or their heirs) the right to:

take back the estate

 

A remainder exists when an owner wants the property conveyed after _______.

 

Which of the following rights exist under a fee simple estate?

 

Which of the following is the type of estate investors are most likely to encounter?

 

Which of the following estates has more ownership rights?

 

The value of a leasehold interest can be _______ .

 

A future estate conveys the right to enjoy the property at some time in the _____________.

 

True or False: An estate from year to year can be oral.

 

True or False: Reversions can be used when an owner does not want to give up ownership.

 

In real estate, which is typically thought to be more important?

 

A _____________ exists when the grantor of a present estate conveys a reversionary interest to a third party.

 

A mortgage provides the lender with which of the following?

 

An estate for years is created by a lease that specifies the exact _____________ for the tenancy.

 

True or False: Title assurance is a form of title insurance.

 

Suppose a lessee has the right to occupy the property for $25,000 per year and the fair market value is $40,000 per year. What is the value to the lessee?

 

With a leasehold estate, who has possession of the property?

 

An estate from period to period are generally:

 

Title is conveyed through the _____________.

 

An interest in real estate is a right on which of the following:

 

Part of the value and marketability of a property is determined by the _____________.

 

Which party retains possession and use of a property?

 

Encumbrances do not necessarily make a property _____________ , but they may affect the _____________.

 

Buyers of real estate are compensated if the title is not as it was represented after transfer due to:

 

One way to assure a title is good and marketable is to:

 

With a leasehold estate, who holds the title?

 

A _____________ against encumbrances on the property will generally be contained in the deed.

 

Title is conveyed with a deed from a grantor to a _____________.

 

The warranties in a special warranty deed do not apply to title problems caused or created by previous _____________.

 

The deed should convey a good and marketable ______ to the property.

 

Which of the following encumbrances may affect the value of a property?

 

A lawyer ______ be held liable for any defect in title that does not appear in the records.

 

True or False: Title insurance may be purchased to cover unexpected problems with the title.

 

A _____________ that the grantor has good title to the property is common in a deed.

 

Which of the following deeds provides a more strict application of warranties given to the problems caused by previous owners?

 

Lenders and investors ______ title insurance over a lawyer's opinion.

 

One advantage of title insurance is that there ______ reserves to meet insured losses.

 

Title _____________ reduces the risk of relying only on a lawyer's opinion.

 

A mechanics' lien is a cloud on title that ________ be disclosed by public records.

 

Governments exert control using which of the following restrictions?

 

Secondary mortgage markets require:

 

Why might the abstract and opinion method still be used?

 

Which of the following benefit from a mechanics' lien?

 

For a real estate contract to be enforceable, it must be a  ,   document.