Tax liens Study guides, Class notes & Summaries

What are the two requirements of the property if the anti-deficiency statute is to apply? - 2.5 acres or less. Utilized as a family home for a 1 or 2 family dwelling. In a deed of trust, who is the "trustor?" - The person buying the house (the purchaser). Who has priority in liens even over a purchase money mortgage lien filed prior? - Liens for unpaid property taxes and agricultural liens on crops. Does an IRS lien filed in 2015 have priority over a mortgage filed in 2014? - No. In Arizo...

Lien - Answer a monetary encumbrance that asserts the lienholder has a creditor's claim to a specific monetary interest in the property's value. Priority of liens - Answer for payment after a voluntary or forced property sale typically goes by date of recordation from first to the most recent. Property Tax Liens - Answer Which lien is ALWAYS superior to other liens?

PSI REAL ESTATE SALESPERSON EXAM 1| ACTUAL EXAM ANSWERED 100% CORRECTLY| LATEST 2024 Which of the following would NOT be considered Real Property? 1. Mineral Rights 2. A Leasehold Estate 3. Fixtures 4. Air 2. A Leasehold Estate The servient estate in an easement appurtenant is the property 1. owned by the landlord 2. on which the easement is placed 3. owned by the tenant 4. that benefits from the easement 2. on which the easement is placed Which of the following statements concernin...

1866 Civil Rights Act prohibits discrimination on: - race A broker must: - give all offers to seller A house has many liens, in foreclosure, which lien is paid first? - property tax a house has many liens. in foreclosure which is paid first - real property tax a large increase in amount of money in circulation without a corresponding increase in goods and services to be purchased results in - inflation a lawsuit filed to close a missing link in chain of title is: - a suit to quiet title A...

ASREB State Test A-1 Questions and Answers Already Passed A buyer is obtaining a new loan to purchase property. The buyer is most likely to accept title with which of the following liens remaining unpaid as of close of escrow? Property taxes for the current year for the property being sold Back taxes on the property being sold Seller's note and deed of trust against the property being sold IRS lien against the seller Property taxes for the current year for the property being sold ...

Texas Real Estate Exam (National) Latest Update Graded A+ real property the tangible real estate and intangible rights associated with the ownership of real estate -transfers by deed or will personal property a right or interest in things of a temporary or movable nature; anything not classed as real property (chattel, personalty) -transfers by a bill of state fixture personal property that has been attached in such a way as to make it real property -"installed" often indicate...

Escrow Sample Test Questions and Answers Rated A An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates documents to affect a transfer of interest in property, d) is responsible for guaranteeing funds. A, B, C, E When is it necessary to have closing documents recorded prior to disbursement of escrow funds? a) it is not necessary, b) in almost all situations, c) when instructed by one of the parties to the escrow, d) only when the written instructions require recording...

Georgia Real Estate Exam Study Guide Latest Update Rated A+ 100% Commission Plan A method of compensating salespeople where each salesperson pays the broker a monthly fee for the use of office space, support services, and the broker's name, and in return, the salesperson keeps 100% of the commission. 43560 The number of squarefeet in one acre. Absolute Delivery A grantor's hand delivery of a deed to the grantee. Abstract of Title A condensed history of all conveyances, liens,...

REAL ESTATE ( AZ SPECIFIC ) EXAM QUESTIONS AND ANSWERS Arizona property taxes are based on: - Answer- Assessed value The tax rate applied to owner occupied residential property is: - Answer- 10 % What lien has priority first: - Answer- Property taxes Property taxes become a lien the first day of: - Answer- January If a property is not bid at a tax foreclosure sale: - Answer- Anyone can later buy the tax lien from the Treasurer Rank the following in order: IRS lien, Property Taxes, Speci...

pearson vue practice exam Questions and answers, 100% Accurate, graded A+ In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as determined by the broker - -a. included in the listing agreement a lot measu...