Quizlet real estate practice exam

Study with Quizlet and memorize flashcards containing terms like A freehold estate is _____., a person who owns an undivided interest in land with at least one other, and has the right of survivorship, is said to be a(n) _____., Dower rights are rights that assure that's _____. and more. ... FL Real Estate Exam Practice Questions. 140 terms ...

Quizlet real estate practice exam. B. Refer the listing to an agricultural agent and ask his friend to keep him informed of the transaction's progress. C. Take the listing and apply commercial real estate practices, since agricultural sales are similar to commercial sales. D. Turn down the listing, citing his lack of experience in agricultural work.

That said, there are three basic steps that most states follow. These include: 1. Signing up for a real estate prelicensing course (see our top picks here) 2. Taking your state’s pre-licensing exam. 3. Activating your real estate license! How to …

90 Multiple choice questions. Definition. A. A homeowner performs DIY work in a home built prior to 1978. B. A seller of a home built in 1952 doesn't make the appropriate lead disclosures. C. Contractors from a home improvement store install windows or doors.estate for years. there are many advantages to holding property within a trust. one of the most important advantages is that some trusts________. avoid probate. categories of adjustment (5 in order) 1. financial terms and cash equivalency. 2. conditions of sale. 3. market conditions at the time of contract and closing.Study with Quizlet and memorize flashcards containing terms like In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to ...320 acres. John bought a waterfront lot with a setback requirement of 50 feet from the street. The lot is only 100 feet deep and drops off sharply at the water edge. John's architect tells him that they can build the dream house on the property if the setback were 35 feet. John applies to the city for a. variance.Runs with the land. A lien is an encumbrance that remains on the property until paid. This means that it: Capital Gains. The difference between the adjusted cost basis of a property and the net selling price is the. Personality. If a mobile home is delivered to a lot and hooked up to utilities, it is considered: Straight line depreciation.Florida Real Estate Commission, Fl Administrative Code (F.A.C.) total of $1 million is the limit for fund at any one time. Accumulated by charging Licensees a Recovery Fund Fee when a new lic is issued or renewed. Fines imposed by FREC and collected by DBPR. Collection stops when limit is reached and restarts when amount drops below $500k.C Severance. D Hypothecation. A lease creates an interest (s) known as a: A Freehold interest. B Non-freehold interest. C Non-freehold and rental only interest. D Non-freehold, transference, and possession interest. Tom Brady gives Jimmy Garoppolo the right to his home so long as Jimmy is alive. However, once Jimmy passes away, the property ...

A personal right to use the land of another. A buyer who signs a real estate contract is immediately regarded as the equitable owner of the real property, while the seller has an equitable interest in the purchase price. Power of a government to take private property for public use.Study with Quizlet and memorize flashcards containing terms like Amenities of residential real estate are:, To restore an old home to its original condition without making any changes in the floor plan or style is referred to as, One who takes in severalty most generally takes title and more.Prescription. Implied grant. Necessity. 20 of 20. Quiz yourself with questions and answers for Texas Real Estate Exam Practice, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Mike, Ike, and Spike each own a portion of the stock. Mike & Ike Realty is a legal entity of its own. Mike is involved in a ______. Corporation. With this type of loan, personal property is included with the real property in the sale. It's commonly seen in commercial real estate, but you may also see this in the sale of furnished condominiums.Meet the requirements for a new license, including all pre-license education and passing the exam. Three weeks before N begins his real estate pre-license class, he offers to help his neighbor sell her house. The neighbor agrees to pay N a 5% commission. An offer is accepted while N is taking the class and closes the day after N passes the exam ...

79 of 79. Quiz yourself with questions and answers for Tennessee (state exam)Real Estate, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.5,400/12=450 MONTHLY. The $250,000 house is taxed at 80% Assessed Value. If the house is taxed at $27 per $1,000, what is the MONTHLY property tax? Study with Quizlet and memorize flashcards containing terms like UNILATERAL CONTRACT, SUBSTITUTION, IN WRITING and more.The #1 Rated Free Michigan Real Estate Practice Exam. Designed to help pass your test. Actual questions and answers with zero fluff. 10. An agency relationship created by an oral or written agreement between principal and agent is a (n) 11. Martin signs an exclusive-right-to-sell listing agreement for six months with Broker Gerald. Within one month, Martin sells his house himself and refuses to pay a commission to Gerald. 21 of 21. Quiz yourself with questions and answers for Ga Real Estate Exam - Real Estate Practice Test, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Real Estate Practice Exam (Missouri) 98 terms. jessyrenee5. Preview. Missouri Real Estate Exam. 100 terms. savajohn. Preview. AP Gov Unit 1 questions (foundations of democracy) 11 terms. kai_mccarthy. Preview. health assessment exam 1 . ... Quizlet for Schools; Language Country. United States ...

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Study with Quizlet and memorize flashcards containing terms like equity, operating expenses, recommend that the buyer insert an inspection contingency in the purchase agreement and more. ... Pearson Vue Real Estate Practice Exam. 67 terms. Ms_darcy. Preview. 1040EZ Quiz - BUS030 Persona. 6 terms. ashleylimburg70. Preview. Civil Procedure ...Meet the requirements for a new license, including all pre-license education and passing the exam. Three weeks before N begins his real estate pre-license class, he offers to help his neighbor sell her house. The neighbor agrees to pay N a 5% commission. An offer is accepted while N is taking the class and closes the day after N passes the exam ...92 of 92. Quiz yourself with questions and answers for Louisiana Real Estate Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Study with Quizlet and memorize flashcards containing terms like 4 elements required of every contract, valid contract, voidable contract and more. ... National Real Estate Exam Practice Questions. 219 terms. claire_bayse. Preview. Procedure law. Teacher 31 terms. lcc42379. Preview. practice exam but didnt have an answer key. 12 terms ...79 of 79. Quiz yourself with questions and answers for Tennessee (state exam)Real Estate, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Real estate state practice exam questions. Kentucky real estate licensee Cameron has an exclusive right-to-sell agency agreement with his seller client Melody. Is Melody obligated to pay Cameron a commission if she or a broker from another firm finds a buyer to purchase Melody's property? Yes, the exclusive right-to-sell agency agreement ...

Study with Quizlet and memorize flashcards containing terms like Income tax deductabile in home ownership, When should purchase price be decided with 60 day option, The 1988 Amendments to the Fair Housing Act and more. ... GA REAl ESTATE PRACTICE EXAM. Flashcards. Learn. Test. Match.Quiz yourself with questions and answers for Real Estate Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Study with Quizlet and memorize flashcards containing terms like The amount per $1,000 used to calculate taxes on property is the, The common name of the hazardous-waste cleanup fund established by the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) is, May eviction and foreclosure notices be delivered …Missouri Real Estate Exam. 100 terms. savajohn. Preview. AP Gov Unit 1 questions (foundations of democracy) 11 terms. kai_mccarthy. Preview. health assessment exam 1.Stress is linked to anxiety and depression, so it's important to support your child during stressful periods. Reviewed by a GP. Try our Symptom Checker Got any other symptoms? Try ...Study with Quizlet and memorize flashcards containing terms like If, after passing the licensing exam, more than twelve months passes before applying for a license, the applicant must then _____ before he can apply for a license., Under the Virginia Residential Landlord and Tenant Act, the security deposit, any accrued interest and any deductions, damages, and charges shall be itemized by the ...The Kentucky Real Estate Commission determined that a buyer was damaged by the fraudulent action of a licensee in the amount of $50,000. If the responsible licensee does not pay the claim, the Commission may pay out from the Real Estate Education, Research, and Recovery Fund a MAXIMUM amount of: $20,000. $15,000.Study with Quizlet and memorize flashcards containing terms like agency, Fiduciary Relationship, Principal and more. ... Real Estate Practice Exam Questions. Teacher 90 terms. Logan_Cooper289. Preview. Code of Ethics. 25 terms. RISOL213. Preview. review of ch 2-16. 94 terms. digitalmarketing57. Preview. mgt chp 8.85 of 85. Quiz yourself with questions and answers for Missouri Real Estate Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.40 of 40. Quiz yourself with questions and answers for Ms Real Estate Mississippi Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.A written opinion of the value of real property, often requested by relocation companies and lenders involved in short sales of distressed properties. Real Estate licensees who engage in the sale, purchase, or lease of a business. The Real Estate activity dealing in the sale, purchase, or lease of businesses.75. Laurel, a real estate broker, is also a property manager for an eight-unit residential property. In her role as property manager, Laurel is a (n): a. general agent. b. fiduciary. c. special agent. d. both a and b. d. both a and b. Sent from Professor at NYREI Learn with flashcards, games, and more — for free.

21 of 21. Quiz yourself with questions and answers for Ga Real Estate Exam - Real Estate Practice Test, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.

Study with Quizlet and memorize flashcards containing terms like 1 of 50 - Ensuring consumers are fully informed of all finance changes and aware of the true annual interest rate are requirements of which regulation? A. Article 7 B. RESPA C. Truth in Lending D. Uniform Settlement Statement, 2 of 50 - Patrice and Cornell are completing a sales contract with Mary, their agent. The sales contract ...Study with Quizlet and memorize flashcards containing terms like A property owner has decided to do some landscaping work on his yard. he has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a) encroachments b) improvements c) surface rights d) emblements, A property owner has a waterfront lot on a stream. He has the right to use the water from the ...More common in commercial than residential real estate. Universal Agency. The agent is given authority to represent his client in all matters, both business and personal. Very rare in real estate. Study with Quizlet and memorize flashcards containing terms like Appurtenance, Improvements, Air rights and more.With the purchase of one gorgeous lakeside lot, you will receive a second free. Plus, all purchasers' names will be entered into our lottery sweepstakes! Come soon while lots are still available." Which of the following statements concerning the ad is the most accurate? Real Estate MO Learn with flashcards, games, and more — for free.Real Estate Practice Quiz: Chapter 1 - Getting Started in Real Estate. Which of the following statements is TRUE about mobile home sales? Click the card to flip 👆. Both a real estate agent can sell a mobile home in a rental park space and a real estate agent can sell a mobile home with the land it is sited on. Click the card to flip 👆.This free practice exam is here to help you master the national portion of the real estate exam. Our real estate practice exam pulls from a large pool of questions, so you can …None of the above. B) Current real estate taxes. Liens regarding real estate take precedence over other types of liens. This type of lien gives creditors a way to collect debts owed to them. North Carolina requires all counties to conduct reappraisals at lease every ______________. A. 4 years. B. 8 years. C. 2 years.

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race, color, religion, sex, origin, disability, familial status. 1. owner-occupied buildings of 1-4 family dwellings. 2. single family housing sold or rented w/o the use of a licensee. 3. housing operated by organizations and private clubs that limit occupancy to members. Exemptions to the federal fair housing act.20 of 20. Quiz yourself with questions and answers for TN REAL ESTATE PRACTICE EXAM, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Study with Quizlet and memorize flashcards containing terms like The foundation upon which real estate brokerage is practiced, A legal and ethical relationship created between a real estate firm and a party to a transaction; the party may be a buyer, seller, landlord, or tenant, A written agreement between a firm and a client; the client authorizes the firm to provide brokerage services to the ...214 Multiple choice questions. Term. Harrisburg resident Joseph Bell has worked full-time for Larry Keen, who is the builder-owner of dozens of homes just outside of Harrisburg. Joseph is Larry's "right-hand man," and Larry has given him permission and the authority to take on many of Larry's tasks.Geography and Economics. 37 terms. aryasellenger. Preview. Economics - 1.1. 48 terms. Chloe_MAKINSON3. Preview. Study with Quizlet and memorize flashcards containing terms like What agency issues real estate licenses?, At what age can you become a real estate salesperson?, Do you need experience in the field to become a salesperson? and more.Hello, welcome to our Florida Real Estate Practice Exam. In Florida, there are 100 questions on the exam. Many states have a national portion and a state portion, but Florida has one section combining both for a total of 100 questions. The two most effective study tools for the state exam are practice exams and learning the state-specific license laws.Looking for facts about GERD? Learn about a physical exam for GERD from Discovery Health. Advertisement Even though your symptom history is an important part of your office visit, ...Texas Real Estate Principles 1 (Practice Exam) 48 terms. nicoleemramirezz. Preview. texas real estate practice exam. 100 terms. amanda_williams222. Preview. 3-1🌸.40 of 40. Quiz yourself with questions and answers for Ms Real Estate Mississippi Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Which of the following is a requirement of an independent contractor relationship between a broker and a licensee. A broker is listing a rural property. The property was owned by a deceased woman who has 6 children. 2 of the children put up the house for sale. Before completing the listing agreement, the broker should:Study with Quizlet and memorize flashcards containing terms like The real estate marketplace is a stratified marketplace. Stratified means that: a. prices are at high levels. b. prices can be expected to continue to rise. c. the marketplace is not the same in different price ranges. d. the marketplace reflects the income of the buyers., Most real estate agents are involved primarily in the ... ….

Study with Quizlet and memorize flashcards containing terms like A rectangular lot contained 17,550 square feet. It measured 150 feet deep. A man wanted to build a store and needed more land. He could buy one lot on each side of this lot. Each of the side lots was the same size and the same shape. Each was 150 feet deep. Each contained 6,000 square feet. If he purchased all three lots, what ...Assumption clause. if loan is assumed new buyers obligated to pay off loan. straight assumption. new buyer responsible, can not impact seller's credit score. subject to assumption. buyer not liable for loan can impact seller's credit score. State Exam Prep Material Learn with flashcards, games, and more — for free.The two-year licensing period is almost over in Alabama, so he's quickly finishing his required 15 hours of CE before the deadline. He's also planning on completing 15 more hours of CE during the next licensing period. Ennis is changing his license status from _______ to _______. Inactive to active. Bob holds a real estate license in ...Study with Quizlet and memorize flashcards containing terms like A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a. encroachments b. improvements c. surface rights d. emblements, A property owner has a waterfront lot on a stream. He has the right to use the water from the ...Study with Quizlet and memorize flashcards containing terms like An application for a commercial loan would include all of the following items EXCEPT: a. information on the applicant company and the individuals involved b. complete financial statements and property evaluation c. a statement of compliance with RESPA requirements d. projection of income to show source of loan repayment, The ... Study with Quizlet and memorize flashcards containing terms like 1. A real estate sales agent may be employed by: (Page 2), 2. As a prerequisite to an agent's use of an income and expense data worksheet, the agent asks a prospective broker: (Page 15), 3. A ____ occurs when a broker or their agent has a professional or personal bias which hinders their ability to fulfill the fiduciary duties ... b) Legal life estate. c) Fee simple defeasible estate. d) Tenancy by the entirety's. a) conventional life estate. One difference between a cooperative estate and a condominium estate is that: a) a condominium owner owns a unit of air space whereas the co-op owner owns a proprietary lease. b) A condominium sale adversely affects other unit owners. a. appraisals. b. broker price opinions. c. comparative market analysis. d. real estate licensees are exempt from the provisions of USPAP. a. Appraisers are paid a fee because. a. to accept compensation based on the appraised value is a conflict of interest. b. custom dictates the method of compensation. Quizlet real estate practice exam, The commission will make you give it back plus treble damages (3x) How long does a commission member serve for? 5 years. How many members of the commission did not hold a real estate related job before being appointed. 2. The commission members need to be _______of the state and shall possess_____________. Resident., Study with Quizlet and memorize flashcards containing terms like penninsula, bared, colony and more. ... (helps, help) make a fight seem real. Verified answer. Recommended textbook solutions. ... German Oral Exam: 11 terms. nonis98. Vocabulary. 45 terms. Sarahmccdonald. 1/5. About us. About Quizlet; How Quizlet works;, Study with Quizlet and memorize flashcards containing terms like Geraldine runs a credit report on William, an applicant wishing to become a tenant in one of her units. Based on William's credit report, Geraldine decides to reject William's application. The Fair Credit Reporting Act states Geraldine MUST:**, Rory wants to invest some of his money. He …, Texas Real Estate Principles 1 (Practice Exam) 48 terms. nicoleemramirezz. Preview. texas real estate practice exam. 100 terms. amanda_williams222. Preview. 3-1🌸., Practice of Real Estate Remedies under the new amendment include: 1) a civil penalty, not exceeding $16,000 for the first offense 2) a penalty not exceeding $37,500, if another offense was committed within the past 5 years 3) a penalty not exceeding $65,000 if two or more discriminatory practices have been found in the past 7 years, She must complete 60 hours of Alabama pre-licensing education. She must deactivate her current real estate license. She must enter into a written co-brokerage agreement. She must pass the licensing exam with a minimum score of 80%. 20 of 100. Term. Damian, a salesperson, is interested in being a qualifying broker., Study with Quizlet and memorize flashcards containing terms like When an appraiser is looking at the quality of interior finishes, the appraiser will evaluate all of the following EXCEPT a. conuntertops b. walls c. HVAC d. Presence or absence of molding, The city buys a block of condemned houses, razes them, and establishes a park. In order to create the park, the city required a ..., Terms in this set (81) Start studying REAL ESTATE Practice EXAM #3.5. Learn vocabulary, terms, and more with flashcards, games, and other study tools., Study with Quizlet and memorize flashcards containing terms like In the sale of property, there is often confusion over whether an item is a fixture or personal property what is the best way to avoid this confusion?, An owner hired a construction company to build a swimming pool at a new home. Owner failed to pay the bill once the work was completed and the construction company filed a lien to ..., Study with Quizlet and memorize flashcards containing terms like Real Estate Brokerage, Real Estate Broker, Real Estate Salesperson and more. ... Real Estate Practice Exam. 180 terms. Morgan_colver6. Preview. Micro (Basic Economics) 18 terms. mxg4sdxp7f. Preview. pop dynamics. 10 terms. Ainsley_Abel1. Preview. Real Estate Practice #2. 132 terms., Meet the requirements for a new license, including all pre-license education and passing the exam. Three weeks before N begins his real estate pre-license class, he offers to help his neighbor sell her house. The neighbor agrees to pay N a 5% commission. An offer is accepted while N is taking the class and closes the day after N passes the exam ..., Study with Quizlet and memorize flashcards containing terms like Residential property, Choosing the right broker and real estate knowledge, Payment is made only when and if the job is fully completed. and more. ... Real Estate Practice, Edition 9, Chapter 2 Quiz. 10 terms. lesliex0284. Preview. Real estate U chapter 2. 33 terms. jaydove., Learn about the benefits of no exam life insurance; an accessible policy that lets you get life insurance with no medical exam. By clicking "TRY IT", I agree to receive newsletters..., Study with Quizlet and memorize flashcards containing terms like An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ... Real Estate Practice Exam Questions. Teacher 90 terms. Logan_Cooper289. Preview. CA Real Estate Exam 2024 Practice Questions. 176 terms. Robert_Njoroge56. Preview ..., 140 of 140. Quiz yourself with questions and answers for FL Real Estate Exam Practice Questions, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material., Study with Quizlet and memorize flashcards containing terms like Which of the following statements is true regarding a mortgage loan originator? A. A mortgage loan originator is the same as a mortgage broker B. A mortgage loan originator must have a separate license C. A mortgage loan originator makes loans D. A mortgage loan originator must have a real estate license, A real estate appraisers ..., Practice Tests Questions for the California Real Estate Sales Person Exam Learn with flashcards, games, and more — for free. ... CA Real Estate Broker Exam Prep. 498 terms. kimbertran. Preview. CA Real Estate Exam 2023. 600 terms. dennishenderson3000. ... Quizlet for Schools; Language, National Pearson VUE Real Estate Exam Prep. A broker lists a property and begins marketing it. The seller sells the property to a neighbor and upon closing pays the broker a full commission. What type of listing agreement did the brokerage firm have with the seller?, 90 Multiple choice questions. Definition. A. A homeowner performs DIY work in a home built prior to 1978. B. A seller of a home built in 1952 doesn't make the appropriate lead disclosures. C. Contractors from a home improvement store install windows or doors., In Illinois, if the buyer of a property is a licensed broker, $2,625 on June 1, 2012 because June 1st is the deadline to pay half of the levied General Real Estate Taxes. A woman's property has an assessed value of $175,000. The local tax rate is 3%, and no equalization factor is used. If the tax was levied in April 2011, the woman had to pay., Kim, Chris, and Beth are all partners in a cosmetics firm. Kim is leaving the partnership and wants to sell her shares of the business, including the property owned by the partnership, to Chris and Beth. The three partners own the property with the right of survivorship should one or more of them die. The remaining partners are not interested ..., the term used by lenders when the maximum rate of interest allowed by law is obtainable on financing a property. it is the rate of interest specified in the promissory note. Quiz yourself with questions and answers for Real Estate Practice Exam 2, so you can be ready for test day., race, color, religion, sex, origin, disability, familial status. 1. owner-occupied buildings of 1-4 family dwellings. 2. single family housing sold or rented w/o the use of a licensee. 3. housing operated by organizations and private clubs that limit occupancy to members. Exemptions to the federal fair housing act., The Missouri Real Estate Commission was created by an act of the 61st General Assembly and approved by the governor on July 31, 1941. The Commission consists of seven voting members. Six of those members must have at least 10 years experience as real estate brokers. A public member serves as the seventh member., Study with Quizlet and memorize flashcards containing terms like Fiscal Policy, Monetary Policy, Truth In Lending Act and more. ... Ohio Real Estate Exam . 249 terms. ekholstine. Preview. National Real Estate Exam Portion for Ohio. 159 terms. dteasley17. Preview. Contract Law Concepts. 25 terms. audierose32. Preview. BLS 342 Chapter 6. 41 terms., Study with Quizlet and memorize flashcards containing terms like Agent, Agency, Blockbusting and more. ... Book 1 Exam Real Estate. 43 terms. Sofie_Elady1016. Preview. California Real Estate Principles - Questions and Answers. ... Economics Exam 3 Practice 1. 18 terms. bnitterhouse. Preview. unit 9. 20 terms. irynaohrimovska86. Preview. Module ..., Practice of Real Estate Remedies under the new amendment include: 1) a civil penalty, not exceeding $16,000 for the first offense 2) a penalty not exceeding $37,500, if another offense was committed within the past 5 years 3) a penalty not exceeding $65,000 if two or more discriminatory practices have been found in the past 7 years, Meet the requirements for a new license, including all pre-license education and passing the exam. Three weeks before N begins his real estate pre-license class, he offers to help his neighbor sell her house. The neighbor agrees to pay N a 5% commission. An offer is accepted while N is taking the class and closes the day after N passes the exam ..., What was the year of the first major federal housing legislation? 1866. Study with Quizlet and memorize flashcards containing terms like What agency issues real estate licenses?, At what age can you become a real estate salesperson?, Do you need experience in the field to become a sales person? and more., An individual or legal entity licensed to act as the agent of another in buying, selling, exchanging, renting, leasing, managing, or auctioning real estate for another. Call. The compass direction and distance for each boundary line. See more. Study with Quizlet and memorize flashcards containing terms like Accession, Acre, 43560 and more., Knowing this, you should. Explain to the seller your obligation under law that the defect must be disclosed to potential buyers. Ohio Real Estate Practice Exam. Get a hint. A real estate agent is found guilty of a fair housing law violation, the agent's broker is. Click the card to flip 👆. liable only if the broker knew of the actions of the ..., d. house number. C. a tractor. The only item of "chattel" among the following is: a. standing timber. b. a fence erected on a lot. c. a tractor. d. a prefabricated home built on a lot. See more. Study with Quizlet and memorize flashcards containing terms like C. Real Estate, B. Improvement, D. Personalty and more. , 1 acre = 43,560 square feet. example: 3 acres being sold for $1.10 a sq ft. 43,560 x 3 = 130,680. 130,680 x 1.10 = 143,748. Mineral, air and water rights. Liens. A charge against property that provides security for a debt or an obligation of the property owner. Examples: judgements (sued), unpaid real estate taxes.