real property

Which Proposition Makes It Possible For Taxpayers 55 Years Or Older To Transfer Current Base Year Value Of Their Principal Residence To A Replacement Home Within The Same County?

by

Which Proposition Makes It Possible For Taxpayers 55 Years Or Older To Transfer Current Base Year Value Of Their Principal Residence To A Replacement Home Within The Same County? Propositions 60/90: Under certain conditions, persons aged 55 and older may transfer the Prop 13 base year value of their principal residence to a replacement residence.

Which Of The Following Statements Best Describe The Risk Taken By Not Recording A Deed?

by

Which Of The Following Statements Best Describe The Risk Taken By Not Recording A Deed? Which of the following statements best describes the risk taken by NOT recording a deed? Correct answer: A subsequent purchaser’s recorded deed could take precedence over any unrecorded instrument. Which of the following real estate contracts is a service contract?

Which Of The Following Is Defined As The Legal Right To Use The Real Property Of Another For A Specific Purpose?

by

Which Of The Following Is Defined As The Legal Right To Use The Real Property Of Another For A Specific Purpose? Easement. A right to use some part of another person’s real property for a particular purpose. What is the legal definition of easement? An easement is the grant of a nonpossessory property interest that

Which Of The Following Is The Legal Process By Which An Involuntary Transfer Of Property Is Made By A Governmental Entity?

by

Which Of The Following Is The Legal Process By Which An Involuntary Transfer Of Property Is Made By A Governmental Entity? The process of taking through eminent domain is called condemnation and results in an involuntary transfer of property. When condemnation occurs, the local, state or federal government seizes the private property and justly compensates