Real Estate Law 62

admin 2019.05.12 19:12 Views : 217

Check Your Understanding Answers

  1. Define an encumbrance.

    An encumbrance is the term used to describe another’s interest in and right to real property that limits the legal owner's freehold interest.
     
  2. List three types of nonfinancial encumbrances. (Additional answers on page 2.)
    • Easements
    • Encroachments
    • Deed Restrictions
       
  3. What is the purpose of deed restrictions?

    The purpose of deed restrictions is to create a standard within a community and protect home values.
     
  4. What is a lien?

    A lien is a creditor's claim against personal or real property as security for a debt of the property owner.
No. Subject Author Date Views
282 Quiz 10 admin 2019.05.12 12300
281 Review Chapter 10 admin 2019.05.12 272
280 Real Estate Law 68 admin 2019.05.12 265
279 Real Estate Law 67 admin 2019.05.12 417
278 Real Estate Law 66 admin 2019.05.12 207
277 Real Estate Law 65 admin 2019.05.12 214
276 Real Estate Law 64 admin 2019.05.12 218
275 Real Estate Law 63 admin 2019.05.12 224
» Real Estate Law 62 admin 2019.05.12 217
273 Quiz 9 admin 2019.05.11 77177
272 Real Estate Law 61 admin 2019.05.11 247
271 Real Estate Law 60 admin 2019.05.11 213
270 Real Estate Law 59 admin 2019.05.11 207
269 Real Estate Law 58 admin 2019.05.11 246
268 Real Estate Law 57 admin 2019.05.11 518
267 Real Estate Law 56 admin 2019.05.11 275
266 Real Estate Law 55 admin 2019.05.11 282
265 Real Estate Law 54 admin 2019.05.11 225
264 Quiz 8 admin 2019.05.10 34495
263 Real Estate Law 53 admin 2019.05.10 1080