Principles of Real EstatePregunta 8 de 100
Which of the following describes an encumbrance on real property?
a.The complete absence of any ownership interest
b.A claim, lien, or restriction that affects the title or use of property
c.A synonym for fee simple ownership
d.The physical dimensions of a parcel
Explicación
An encumbrance is any claim or liability attached to property that may affect its value or use, such as a lien, easement, or deed restriction. It does not prevent transfer of title but travels with the property. Buyers usually want title free of undisclosed encumbrances.
Practica las 100 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- Which government power allows the taking of private property for public use with just compensation?
- The process by which the state acquires property when an owner dies leaving no will and no heirs is called:
- A form of co-ownership that includes the right of survivorship is:
- A physical feature of a property that reduces its value, such as an outdated floor plan, is an example of:
- The principle that a property's maximum value is achieved when it is used in the way that produces the greatest return is called:
- Under the principle of substitution, a buyer will pay no more for a property than:
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con New York Real Estate Salesperson Licensing Exam · Cómo revisamos