Chapter 2

Question 1

Land

Answer 1

Surface above and below earth

Question 2

Estate

Answer 2

Degree, Quantity, Nature and extent of owner’s interest

Question 3

Real Estate

Answer 3

Man made improvements with the exception of landscaping.

Question 4

Real Property

Answer 4

The legal rights you have when you purchase property.

Question 5

What are the 3 bundle of rights?

Answer 5

1. Use
2. Possession
3. Disposition

Question 6

Title

Answer 6

Right/Evidence of Ownership

Question 7

Appurtenance

Answer 7

Secondary Rights

Question 8

Uniqueness

Answer 8

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

Question 9

Immobility

Answer 9

The geographic location of any given parcel of land can never be changed

Question 10

Indestructability

Answer 10

Considered indestructible, even though it is subject to both natural and human forces.

Question 11

Personal Property

Answer 11

All the property that can be moved

Question 12

Severance

Answer 12

The act of separating it from the land
(Real to Personal)

Question 13

Annexation

Answer 13

Personal to real

Question 14

Fixtures

Answer 14

Personal property that has been attached to the land or a building, that by law it becomes part of the real property.

Question 15

Legal Tests of a fixture

Answer 15

In determining whether an item is a fixture

Question 16

Trade fixtures

Answer 16

A fixture that is used in the conduct of business.

Question 17

Surfaces Rights

Answer 17

Ownership rights in a parcel of real estate that are limited to the surface of the earth

Question 18

Subsurface Rights

Answer 18

The rights to earth’s natural resources below the earth’s surface

Question 19

Air rights

Answer 19

The rights to use the space above the earth may be sold or leased independently, provided the rights have not been limited by law.

Question 20

Water rights

Answer 20

Common laws or statutory rights held by owners of land adjacent to rivers, lakes, or oceans.

Question 21

Riparian Rights

Answer 21

Non navigable water - boundary at middle of stream

Question 22

Littoral Rights

Answer 22

Land borders navigable water

Question 23

Accretion

Answer 23

Streams move slowly

Question 24

Erosion

Answer 24

The gradual and sometimes imperceptible wearing away of the land by natural forces, such as wind, water rain and flowing water.

Question 25

Avulsion

Answer 25

Happens all at once

Question 26

True or False: Erosion is a slow process

Answer 26

True