Brainboosters

REAL PROPERTY Interests, benefits, and rights that are automatically included in the ownership of real estate. (Real Property) Refer to both the physical property and the rights of ownership, while other states still make the distinction. PERSONAL PROPERTY Personalty. All the property that can be owned and that does not fit the definition of real property. Personal property is movable. Also known as Chattles, and include such tangibles as chairs, tables, clothing, money, bonds, bank acc...

Adverse fact Is a physical or environmental problem with the property, or anything that would directly negatively affect its value, which must be disclosed if known Fraudulent Act Is intentional deception in such a way as to take advantage or harm another person Negligence Is when licensees should have known that incorrect statements were being relied upon as material fact Dual contracts Is two contracts from the same buyer on the same property. One of the offers is used...

Insuring Clause In a Life insurance contract, an insurance company's promise to pay stated benefits is called the C All of these are powers of the Commissioner except A. Hold hearings B. Enforce insurance laws C. Incarcerate a producer D. Issue subpoenas $25,000 individual whole life policy An employee with $25,000 group term life coverage was recently fired. This employee's group coverage may be converted to a B The amount of monthly disablility benefits payable u...

Regulatory Powers Enable the agency to pass specific regulations and rules to support the administration of the license law Judicial Powers Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations Administrative Powers Enable it to establish the staff organization, records, and facilities to manage the licensing process and the licensees themselves Mission of the Tennessee Real Estate Commission P...

Real Property Land and everything permanently attached to it (Includes that someone can own it) Chattle an item of personal, movable property. fixture An item of personal property that has been converted to real property by being permanently affixed to the realty. Trade Fixture Fixtures and equipment that may be attached to a building during a tenant's occupancy, with the intention that they be removed when the tenant leaves Turning real property into personal pr...

A corporation is a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a tenancy in common between the new owner and the remaining joint tenants The owner of a condominium unit learns that a neighbor has failed to pay real estate taxes. I...

An easement created when a parcel of property has no access to a street is called? Easement by Necessity The method for legal description of property that refers to a subdivision map is the? Recorded Plat A seller has paid the property taxes of $832 before closing, which occurs on Dec 8. Using a 360-day year for prorating purposes, what is the amount of the sellers prorated tax refund at closing? 50.84 the city builds a new fire station to replace an older one, if the cit...

AZ PT EXAMS PACKAGE DEAL|VERIFIED FOR ACCURACY|100% PASSS

Senior Psychologist a person who has been licensed for 10 or more years Equivalent work experience to Postdoctoral SWE Three years of full time practice (at least 30 hours per week for 50 weeks per year), in an organized setting where supervision and collaboration were provided; or Licensure as a psychologist in another jurisdiction for at least five years. Members Comprised of six members (5 licensed psychologists and 1 public member) appointed by the Governor Officers ...

According to PT Vision 2020, this sentence expresses the future of PT: By 2020, physical therapy will be provided by physical therapists who are doctors of physical therapy, recognized by consumers and other health care professionals as the practitioners of choice to whom consumers have direct access for the diagnosis of, interventions for, and prevention of impairments, activity limitations, participation restrictions, and environmental barriers related to movement, function, and health. ...