Chapter 2 Real Property and the Law

Question 0

Accession

Answer 0

Acquiring title to fixture when it is left behind by a tenant at the termination of their lease term

Question 1

Air Rights

Answer 1

The right to use the open space above real property, generally allowing the surface to be used for another purpose.

Question 2

Attorney

Answer 2

One who is licensed to practice law

Question 3

Bundle of Legal Rights

Answer 3

Ownership of all legal rights to the land, including, possession, control, disposition and enjoyment

Question 4

Chattel

Answer 4

An item of personal property

Question 5

Fixture

Answer 5

An article of personal property that has become real property because it has been permanently affixed to the realty

Question 6

Improvement

Answer 6

Any man made addition to real property, such as buildings, fence, driveways

Question 7

Land

Answer 7

The earth’s surface, downward to the center of the earth and upward indefinitely into space, including things permanently attached by nature

Question 8

Personal Property

Answer 8

Items that do not fit into the definition of real property; movable object; chattels

Question 9

Real Estate

Answer 9

The earth’s surface extending downward to the center of the earth and upward into space, including all things permanently attached to it, whether by nature or by people

Question 10

Real Estate License Law

Answer 10

State statutes that establish the authority to license and regulate the business activities of real estate brokers and salespeople.

Question 11

Real Property

Answer 11

The interests, benefits and rights inherent in the ownership of real estate.

Question 12

Severance

Answer 12

A method of changing an item of real property to personal property, such as by chopping down a tree removing a fence from the land.

Question 13

Subsurface Rights

Answer 13

Real estate ownership’ rights to the water, minerals, gas, oil, and so forth, that lie beneath the surface of the property.

Question 14

Surface Rights

Answer 14

Ownership rights in a parcel of real estate that are limited to the surface of the property and do not include the air above it or the minerals below it.

Question 15

Trade Fixture

Answer 15

An article installed by business tenant under the terms of a lease that is removeable by the tenant before the lease expires.

Question 16

Township

Answer 16

36 Sections

Question 17

One Section

Answer 17

One Square Mile

Question 18

One Square Mile

Answer 18

640 Acres

Question 19

One Acre

Answer 19

43,560 square feet

Question 20

Air Lot

Answer 20

A designated airspace over a tract of land

Question 21

Base Line

Answer 21

One of a set of imaginary lines running east and west and crossing a principal meridian at a definite point, used by surveyors for reference in locating and describing land under the rectangular (government) survey system.

Question 22

Benchmark

Answer 22

A permanent reference mark or point established for use by surveyors in measuring differences in elevataion

Question 23

Correction Lines

Answer 23

Provisions in the rectangular survey system made to compensate for convergence of range lines because of the curvature of the earth’s surface. Every fourth township line (at 24 mile intervals) is used as a correction line on which the intervals between the north and south (range) lines are re measured and corrected to a full six miles apart.

Question 24

Datuum

Answer 24

A horizontal plane from which heights and depths are measured.

Question 25

Guide Meridians

Answer 25

Lines running north and south and parallel to the principal meridians; spaced at 24 mile intervals

Question 26

Government Check

Answer 26

The area bounded by two guide meridians and two correction lines

Question 27

Government Lots

Answer 27

Fractional sections in the rectangular (government) survey system that are less than one-quarter section in area

Question 28

Legal Description

Answer 28

A description of a specific parcel of real estate complete enough for an independent surveyor to locate and identify it.

Question 29

Lot and Block System

Answer 29

A method of describing real property that identifies a parcel of land by reference to lot and block numbers within a subdivision as specified on a recorded subdivision plat.

Question 30

Metes and Bounds

Answer 30

A legal description of a parcel of land that begins at a well-marked point and follows the boundaries (landmarks and monuments), using directions and distances around the tract back to the place of beginning.

Question 31

Monument

Answer 31

A fixed natural or artificial object used to establish real estate boundaries for a metes-and-bounds description.

Question 32

Plat Map

Answer 32

A map of a subdivision indicating the location and boundaries of individual properties.

Question 33

Point of Beginning

Answer 33

In a metes-and-bounds legal description, the starting point of the survey situated in one corner of the parcel; all metes-and-bounds descriptions must follow the boundaries of the parcel back to the point of beginning

Question 34

Principal Meridian

Answer 34

One of 35 main survey lines running north and south established and defined as part of the rectangular (U.S. Government) survey system

Question 35

Range

Answer 35

A strip of land six miles wide, extending north and south, and numbered east and west according to its distance from the principal meridian in the rectangular survey system

Question 36

Rectangular (Government) Survey System

Answer 36

A system established in 1785 by the federal government, providing for surveying and describing land by reference to principal meridians and base lines

Question 37

Section

Answer 37

A portion of a township under the rectangular survey system; a township is divided into 36 numbered sections, each one square mile (640 acres) in area.

Question 38

Township Line

Answer 38

Lines running at six-mile intervals parallel to the base lines in the rectangular survey system

Question 39

Township Square

Answer 39

The principal unit of the rectangular survey system; a square with six-mile sides and an area of 36 square miles.