Intro Flashcards

1
Q

What does MLS stand for?

A

Multiple Listing Services

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2
Q

When was California purchased?

A

The USA purchased California from Mexico as part of the Treaty of Guadalupe Hidalgo in 1848 and became a state September 9, 1850

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3
Q

When was the nations first real estate law established?

A

1917 by California

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4
Q

When did California achieve statehood?

A

September 9, 1850

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5
Q

How many total acres is California?

A

101,803,000

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6
Q

How is land ownership in California divided?

A

Private 50%
Federal 45%
State 3%
Local 2%

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7
Q

Real estate definition of possession

A

The right to occupy, rent, or keep others out

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8
Q

Real estate definition of enjoyment

A

The right to peace and quiet without interference from others

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9
Q

Real estate definition of control

A

The right to physically change or keep the property how you want it

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10
Q

Real estate definition of disposition

A

The right to transfer all or part of your property to others as you see fit

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11
Q

What are the bundle of rights?

A

Possession, enjoyment, control, and disposition

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12
Q

What are the two types of property?

A

Real property- immovable

Personal property-movable

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13
Q

Define riparian right

A

The right of a landowner to the use of flowing water on, under, or adjacent to their land

Riparian, rivers

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14
Q

Define littoral right

A

The right of a landowner to the use of nonflowing water on their land

Littoral, lakes

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15
Q

Appropriation of water

A

The private taking and use of water flowing on public domain

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16
Q

Define percolating water

A

Underground water that is not found in a defined channel

17
Q

Define surface water rights

A

An owner can use reasonable means to protect against flood waters but not at the expense of a neighbor

18
Q

Define appurtenant

A

Things that are a part of the land and must be sold with the land or the usefulness will reduce

19
Q

Define emblements

A

If land is leased, any crops planted on that land are owned by the tenant, even after the expiration of the lease

20
Q

Define fixtures

A

Items of personal property that are incorporated into the land making them real property

21
Q

What is MARIA?

A
The 5 tests a court uses to determine if an item is a fixture
Method of attachment
Adaptability
Relationship to the parties
Intention
Agreement
22
Q

What are the 3 means of property identification?

A

Metes and bounds(surveyors maps - irregular)

Sections and townships(USA gov - rural)

Lots, blocks, & tracts(recorded subdivision - cities)

23
Q

Define Metes and Bounds

A

Surveyors maps

Simply measuring boundaries, distances and angles

24
Q

Define sections and townships

A

The use of bass and meridian lines to define a a parcel of land

25
Q

Define base line

A

Horizontal line running easy to west from any 3 CA starting points

26
Q

Define meridian lines

A

Vertical lines running north and south from any 3 CA starting points

27
Q

Define tiers and tier lines

A

Intervals of 6 miles running parallel to the base lines

28
Q

Define range lines

A

Intervals of 6 miles running parallel to the meridian line

29
Q

Define township

A

36 square mile section of land where a tier intersects with a range

30
Q

How many acres in a square mile?

A

640 acres in 1 square mile

31
Q

How many feet in one acre?

A

43,570 square feet in 1 acre
Or
4,840 square yards in 1 acre

32
Q

How long is a mile?

A

A mile is 5,280 feet long