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The government's right to make laws and regulations for the general welfare is known as: A. eminent domain B. police power C. escheat D. the bundle of rights correct answer-B. police power The City of Atlanta has condemned Nelson's land in order to extend its rapid transit services. This procedure is made possible because of the city's right of: A. entry B. escheat C. eminent domain D. police power correct answer-C. eminent domain A private landowner has the right to: A. ...

Allodial System Correct Answer-The system of land ownership where anyone can own land. Bundle of Rights Correct Answer-All rights a person can have in real property. Included are control, possession, disposition, and enjoyment. The right of possession (B.O.R) Correct Answer-The right to occupy your property and to have ingress and egress ( a way in and out) The right to use or control (B.O.R) Correct Answer-This includes Making a profit, remove an object from it, building on it, farming...

what is property? Correct Answer-property consists of things plus the rights of ownership what is personal property and what is a distinguishing factor? Correct Answer-personal property are items that the seller can load into a van after the moving sale. what is chattels personal Correct Answer-things like cars, boats furniture money etc what is chattel real Correct Answer-chattel real are items that extend to the owner and interest in the property such as leases, mortgages, contracts t...

1. Which of the following is NOT considered to be an economic characteristic of land? A. Scarcity B. Modification C. Location (situs) D. Immobility Correct Answer-D. Immobility Physical: Immobility, Non-Homogeneity, Indestructibility Economic: Location, Preference (Situs), Improvements, Fixed Investments, Scarcity Chapter 1-7 2. A property is listed for $110,000. On March 1 , the owner accepts a written offer for $105,000, and the closing date is set for June 15. On March ...

1.1 Which of the following best describes a parcel of land? A. The surface of the Earth includes all things permanently attached and the control of all minerals and substances beneath. B. The surface of the Earth extending down to the center and upward to infinity. C. The Earth's Surface clearly marked by certain boundaries. D. The surface of the Earth extending down a reasonable distance and up into the air a reasonable distance. Correct Answer-B. The surface of the Earth extending...

D Correct Answer-When a salesperson goes to work for a broker, the salesperson must enter into a written contract that explains the terms of the employment relationship. The Commission: A. Requires the agreement state what accounting is to take place for such things as prospects, signs, and keys at the time the licensee decides to leave the broker B. Enforces the terms of such employment agreements C. Requires such agreements to specify how the salesperson is to be compensated D. BOTH requ...

D Correct Answer-If a purchaser breaches a valid and enforceable sales contract, the seller may at his/her option: * A. declare the contract forfeited and retain as liquidated damages any payments received from the buyer. B. rescind the contract and return any payments received from the buyer. C. sue for specific performance. D. Any of the other answers are correct. A Correct Answer-All of the following are examples of how a contract may be discharged EXCEPT: * A. assignment by the purch...

A principal empowers an agent to conduct the ongoing activities of one of her business enterprises. This is an example of: Correct Answer-General agency. A property seller empowers an agent to market and sell a property on his behalf. This is an example of: Correct Answer-Special agency. Implied agency arises when: Correct Answer-A party creates an agency relationship outside of an express agreement. A principal instructs an agent to market a property only to families on the north side ...

Public Controls Affecting Land Use Correct Answer-Come through police power. Enabling Acts Correct Answer-State passes this power along to local governing entities. Land Use Planning Correct Answer-Organized effort to provide for the orderly growth and development of a community. Master Plan Correct Answer-Serves as blueprint for future development. Land Use districts Correct Answer-Plan that is divided. Zoning regulations will operate. Classification Correct Answer-Classification...

What are the components of the scientific method, and why is it important? Correct Answer-1. research question 2. formulation of hypothesis 3. design experiment to test hypothesis 4. collect experiment to test hypothesis 5. interpret the data and formulate conclusion 6. communicate the results this is important because it is a systematic approach used by researchers to address scientific questions. How are non-experimental, experimental, basic, applied, and translational research dif...