Real Estate > ANSWERS AND COMMENTARIES > Real Estate Prep Agent Arizona 2024 Part 1 (All)
Real Estate Prep Agent Arizona 2024 Part 1
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Real Estate Prep Agent Arizona 2024 Part 1 1031 Tax Deferred Exchange - ANS-Process which allows investors to sell a property and reinvest the proceeds into a new property Abandonment - ANS-Volunta... rily giving up the rights and responsibilities of possession of a property. Abstract of Title - ANS-A history of the ownership of a parcel of land which lists transfers of title, rights, and liabilities. Accretion - ANS-An increase in land due to natural causes Acknowledgement - ANS-recognition for a notable deed Actual Notice - ANS-When first-hand knowledge of something's provided to an individual-for example, if a buyer knows that someone has taken possession of the property that is for sale. Ad Valorem - ANS-When something is taxed based on its value (according to value) Adjusted Cost Basis - ANS-Takes into account changes to a property which would affect its cost. Alienation of Title - ANS-a change in ownership of any kind Appurtenant Easement - ANS-Easement attached a property which allows the owner the use of the neighbor's land- for example, using your neighbor's driveway to get to your garage. "Runs with the land", so the easement passes to the next owner. Assignment - ANS-When one party passes responsibility on to another. Avulsion - ANS-Land is washed away by water Bargain and Sale Deed - ANS-a [Show More]
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