Chapter 8 - Freehold Estates Flashcards Reservation (Voluntary Life Estates) The grantor (owner) transfers ownership but retains possession (life estate) for the grantor's own life.Example: A paren...
View study materialUnit 5: Types of Real Estate Ownership Lesson 1: Freehold vs. Leasehold Estates Flashcards Fee on condition (or fee simple subject to a condition subsequent) estate: Another type of fee simple defe...
View study materialReal Estate Exam Prep (Champions; Texas) Flashcards freehold estate ownership. Ownership with the greatest bundle of rights is called Fee Simple of Fee Simple Absolute. installed often indicates a ...
View study materialTexas Real Estate Licensing Exam Prep (Purvis) Flashcards What is the subject of Form 1-4? The form states that real estate firms are licensed and regulated by TREC and any complaints or inquiries ...
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View study materialKansas Real Estate Test Flashcards a buyer gives a salesperson earnest money regarding an offer to purchase contract. the salesperson places the earnest money in the brokerage's business account. t...
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