| front |
back |
revisions |
lasted changed by |
history |
| The shares owned by tenants in a cooperative give them what kind of long-term lease to a unit in the building? |
Proprietary |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
 |
| The members of an LLC have |
limited liability offered by a corporate form of ownership |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| If MOST or all of the unit owners of a condominium are a party to a revocation agreement filed in the public record in the county where the property is located, all units owners would then become |
Tenants in Common |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| A corporation is run by its |
General Partners |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| A lien obtained for nonpayment of homeowners' association assessments is NOT an enforceable lien against the Texas homestead T/F? |
F |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| A syndicate must have an organizational structure that differs from legal organizations such as corporations or partnerships T/F? |
F |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| Tenants in a cooperative hold what kind of property? |
Personal |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| The shareholders' liability for the debts of a corporation is |
limited to the amount of their investment |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| In a limited partnership, who runs the business? |
General Partners |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| If a purchaser does NOT receive a copy of the contract when it is signed, when may a purchaser of a time-share cancel the contract? |
Before the third day after a signed copy of the contract or required time-share disclosure is received |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| When a corporation holds title to real estate, the property is held in |
Severalty |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| Who pays income tax on corporate profits? |
Both the corporation and the shareholders |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| n a limited partnership, |
Title may be held either in the names of individual partners as tenants in common or in the name of partnership as owners in severalty |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| Residents of which hold real property? |
Condominium |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| Profits of S corporations have what kind of taxation? |
Single |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| Limited partners are liable for partnership debts |
to the extent of their investments or their commitments |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| There are no restrictions on how many owners can be in an |
LLC |
0 |
gettarb Tue, 09 Nov 2010 21:17:05 GMT |
|
| If a real estate broker operates his or her business as a sole proprietorship, |
broker must inform TREC within 30 days if he or she adopts an assumed name and the Assumed Name Certificate must be filed with the county clerk |
0 |
gettarb Tue, 09 Nov 2010 21:17:04 GMT |
|
| In a limited partnership, who runs the business? |
General Partners |
0 |
gettarb Tue, 09 Nov 2010 20:24:34 GMT |
|
| Taxes on a condominium unit are assessed against |
Each unit |
0 |
gettarb Tue, 09 Nov 2010 20:24:34 GMT |
|
| Limited partners are liable for partnership debts |
To the extent of their investments or commitments |
0 |
gettarb Tue, 09 Nov 2010 20:24:34 GMT |
|
| Which controls and maintains the common elements of a condominium and enforces the condominium bylaws? |
Owners Association |
0 |
gettarb Tue, 09 Nov 2010 20:24:34 GMT |
|
| A syndicate must have an organizational structure that differs from legal organizations such as corporations or partnerships T/F? |
F |
0 |
gettarb Tue, 09 Nov 2010 20:24:34 GMT |
|
| When a corporation holds title to real estate, the property is held in |
Severalty |
0 |
gettarb Tue, 09 Nov 2010 20:24:34 GMT |
|
| Timeshare ownership is usually used for what kind of properties? |
Resort |
0 |
gettarb Tue, 09 Nov 2010 20:24:34 GMT |
|
| In a limited partnership, |
title may be held either in names of individual partners as tenants in common or in name of partnership as owners in severalty |
0 |
gettarb Tue, 09 Nov 2010 20:24:34 GMT |
|
| A lien obtained for nonpayment of homeowners' association assessments is NOT an enforceable lien against the Texas homestead T/F |
F |
0 |
gettarb Tue, 09 Nov 2010 20:24:34 GMT |
|
| A corporation is run by its |
board of directors |
0 |
gettarb Tue, 09 Nov 2010 20:24:34 GMT |
|
| A cooperative is a privately held corporation whose shareholders are its occupants T/F? |
T |
0 |
gettarb Fri, 05 Nov 2010 22:12:03 GMT |
|
| A condominium is a form of ownership in which a tenant of a building receives stock and a proprietary lease when she pays the agreed-on price for the unit T/F? |
F |
0 |
gettarb Fri, 05 Nov 2010 22:12:03 GMT |
|
| Forms of partnership include general partnerships, limited partnerships, and limited liability partnerships T/F? |
T |
0 |
gettarb Fri, 05 Nov 2010 22:12:03 GMT |
|
| In a sole proprietorship, a single individual operates a business and owns all the assets but shares the liability for debts with other people T/F? |
F |
0 |
gettarb Fri, 05 Nov 2010 22:12:03 GMT |
|
| Failure by a condominium owner to pay a homeowners' association assessment may result in a lien against the owner's unit T/F? |
T |
0 |
gettarb Fri, 05 Nov 2010 22:12:03 GMT |
|
| A limited partnership consists of at LEAST one general partner and one or more limited partners T/F? |
T |
0 |
gettarb Fri, 05 Nov 2010 22:12:03 GMT |
|
| Persons who sell time-share interests in Texas are required to have a real estate license unless the salesperson selling a time-share is an employee of either the builder of the project or the owner of the time-share interest T/F? |
T |
0 |
gettarb Fri, 05 Nov 2010 22:12:03 GMT |
|
| A street address identifying a parcel of real estate |
is not an adequate legal description |
0 |
gettarb Fri, 05 Nov 2010 22:12:03 GMT |
|
| Stock held by shareholders in corporations is real property? T/F? |
F |
0 |
gettarb Fri, 05 Nov 2010 22:12:03 GMT |
|
