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permanent and absolute tenure of an estate in land w freedom to dispose at will. Property and lender information Determined by the taxing authority and appraised value, AKA Market Data Approach, focuses on recent sales in the determining value, Comparison of properties to determine value, Market value of property consider how much a new structure of the size and type would currently cost to build, Reduction in value of property from causes such as deterioration or obsolescence. Comprehensive Environmental Response, compensation, and Liability Act. uniform residential appraisal report aka fannie mae form 1004, Freddie mac form 70. value of subject property is increased by value of surrounding properties, absolute adjustments made to the comparable, considering those that are +/-, if similar properties in the market are selling at prices that yield and investor a return of x%, potential rate of return(income, return on investment, value), certain rate of return (income, return on investment, value), subdivision that includes locally owned commodities and common facilities. accretion, alluvion, erosion, reelection, avulsion, grantor promises to warrant and defend title, but only against claims which may have arisen during his or her period of ownership, deed with no guarantees or warranties. history or list of all owners back to the sovereignty of the soil, you want this one. An appraiser must always be aware of these influences and possible changes in them that could affect market value. Take your license further with a Designation or Certification. Aninformationsystemthatmeasures,processes,andcommunicatesfinancialinformationaboutanidentifiableeconomicentityh. Earn or renew your Home Inspector license. Choosing a Real Estate School is the first step to an exciting and eventful career in the Real Estate industry! doesn't indicate that they are legal owner, The government is the original owner of all land. Texas Principles 2 Scenarios Questions - Champions School of Real Estate Margaret Sullivan died in Texas without a will on file. DUST; demand, utility, scarcity, transferability. PDF Final Exam For Real Estate Principles - annualreport.psg.fr homeowners who are at least 62 years of age can borrow against the equity in their property. & \text{$\quad$misleading financial statements}\\ & \text{$\quad$operate the business}\\ Flashcard App | Champions School The Board of Directors of a publicly traded company says that a proposed amendment to their bylaws is possible to win approval in the upcoming election because a poll of 1505 stock owners indicated that 52%52 \%52% would vote in favor. Married limit is 500k. Deed that offers the most protection in which grantor fully warrants good clear title to the premises.