Chapter 5 What is Real Estate Flashcards

1
Q

Is what is attached to the land, earth surface extending downward to the center of the earth and upward into space.

A

Real estate, Real Property, Realty

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2
Q

belong to owner of land below

A

Air Right

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3
Q

the wearing away of land usually due to the action of wind or water (The lost of Land )

A

Erosion

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4
Q

Leave Real Estate to someone by will

A

Devise

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5
Q

tangible assets such as buildings and trees

A

Corporeal

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6
Q

annual crops , garden vegetable

A

Emblements / considered personal property

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7
Q

tangible personal property like furniture, clothing, refrigerators and bonds.

A

Chattels

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8
Q

manufactured attachments to land

A

Improvements

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9
Q

once personal property, now real state. attached to land or building

A

fixture

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10
Q

sudden change of the course of a stream

A

Avulsion

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11
Q

anything that can be inherited

A

Hereditament

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12
Q

an increase of land caused by the gradual depositing of solid material by the action of water. inCREase / gaining of land

A

Accretion

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13
Q

possession, control, enjoyment, exclusion and disposition

A

Bundle of Rights

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14
Q

solid material deposited by a body of water. aLLing / adding to

A

Alluvion

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15
Q

creation of dry land by the gradual withdrawal of water. exposing of

A

Reliction

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16
Q

everything that is not real property (movable property)

A

personal property, personalty

17
Q

specific tract of land

A

parcel

18
Q

subsurface rights

A

Mineral rights

19
Q

an article owned by a tenant and attached to a rented space for use in conducting a business is a

A

trade fixture

20
Q

land, improvements, and bundle of rights

A

Real State

21
Q

intangible such as views or rights

A

Incorporeal

22
Q

to the surface of the earth, including air above, water and anything attached to it by nature

A

land

23
Q

synonyms of real estate

A

real property, realty

24
Q

ownership of minerals, oil, and so on

A

Subsurface rights

25
Q

land bordering bodies of water affected by tides such as lakes and larger bodies of water

A

Littoral rights

26
Q

use of water by adjoining land owners such as rivers, streams and waterways

A

Riparian rights

27
Q

Real property ownership is transferred by

A

deed

28
Q

Personal property is transferred by

A

bill of sale

29
Q

process of transforming real estate to personal property

A

severance