AZ Real Estate Unit 2

Question 1

The owners of littoral rights enjoy

Answer 1

unrestricted use of available water

Question 2

Land is considered to be

Answer 2

indestructible

Question 3

The concept that no two parcels of property are exactly the same or in the same location is called

Answer 3

nonhomogeneity

Question 4

In legal tests to determine whether an item is a fixture the permanence of its installation is considered under

Answer 4

the method of annexation

Question 5

A commercial building with eight storefronts was sold. The new owner has acquired

Answer 5

none of the trade fixtures installed by the tenant

Question 6

The purpose of real estate license laws is to protect the public in real estate transactions from fraud, dishonesty and

Answer 6

incompetence

Question 7

Which of the following is not a test in determining whether the intent of the person who installed an item was that it be a fixture or a personal property?

Answer 7

cost of the item

Question 8

Method of annexation, adaption to real estate, and agreement between the parties are the legal tests for determining whether an item is

Answer 8

A fixture or personal property

Question 9

A rural property owner acquired of ownership of land that was deposited by a river running thru her property by

Answer 9

Accrection

Question 10

An item of real property can become personal property by

Answer 10

Severance

Question 11

Methods of annexation, adaption of the item, and an agreement of the parties are the legal tests for determining whether an item is

Answer 11

real property or personal property

Question 12

The rights to use any water (other than) for limited domestic use that is controlled by the state rather than the landowner adjacent to the water is called

Answer 12

prior appropriation

Question 13

Which of the following is considered an improvement?

Answer 13

Sewer

Question 14

A buyer is interested in a house that is well designed, but it is located in a busy area that is problematic for the buyer The buyers concern about the property is called

Answer 14

area preference

Question 15

A rural landowner has posted a number of “No Trespassing” and “No Hunting” signs on his property . Which stick in his bundle of rights gives the landowner this authority

Answer 15

Exclusion

Question 16

Parking spaces in multiunit buildings, water rights, and similar things of value that convey with property are classified

Answer 16

Appurtenances

Question 17

The considerable amount of undeveloped land available on this earths surface contributes to lands economic characteristic’s of

Answer 17

Scarcity

Question 18

The property owners land is located along the banks of the river. The owners water rights are called

Answer 18

riparian rights

Question 19

The phrase legal rights is properly included in

Answer 19

the definition of real property

Question 20

The law of the sea identifies national territorial waters as those extending from the baseline up to

Answer 20

12 nautical miles

Question 21

The specific areas of the law that are important to the real estate professional do not include

Answer 21

A maritime law

Question 22

The sudden removal of soil by an act of nature is called

Answer 22

Avulsion

Question 23

In some states a land owner must demonstrate a beneficial use for water under the doctrine of

Answer 23

prior appropriation

Question 24

The developer added sewer lines and utilities and built two streets What are these items called

Answer 24

Improvements

Question 25

Which of the following is the act where real property can be converted into personal property?

Answer 25

Severance

Question 26

A right of privilege tied to real property, although not necessarily part of the property is called

Answer 26

An Appurtenance

Question 27

In determining whether an item is real or personal property, a court would not consider which of the following?

Answer 27

The cost of the item when it was purchased