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National Real Estate > National 1 Vocabulary > Flashcards

National 1 Vocabulary Flashcards

Vocabulary words for National Real Estate Chapter 1

1
Q

Ownership of personal property is transferred by…

A

Bill of Sale

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2
Q

The written instrument by which a property owner conveys and transfers an ownership interest in real property

A

Deed

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3
Q

Gives a deed

A

Grantor

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4
Q

Receives a deed

A

Grantee

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5
Q

Water rights next to a lake or ocean

A

Littorial Rights

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6
Q

Property that is immovable

A

Real Estate (Real Property)

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7
Q

Something attached to real estate that transfers with it

A

Appurtenance

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8
Q

Something that was once personal property, but has become real property after being attached.

A

Fixture

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9
Q

Property that is movable

A

Personal Property (Chattel)

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10
Q

Gift of private property to a public use

A

Dedication

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11
Q

The tearing away of land due to natural causes

A

Erosion (Avulsion)

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12
Q

The right of government to enact laws for the health, safety and welfare of the public

A

Police Power

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13
Q

The increase in land due to natural causes

A

Accretion

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14
Q

No two parcels of real estate are identical

A

Heterogeneity

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15
Q

The process of changing the character of property from real to personal or personal to real

A

Conversion

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16
Q

Crops or the right of a tenant farmer to harvest crops after lease expiration

A

Emblements

17
Q

Water rights next to a river or stream

A

Riparian Rights

18
Q

AZ document that causes mobile homes to be taxed as real estate

A

Affidavit of Affixture

19
Q

Government right to take private property for public use with compensation

A

Eminent Domain

20
Q

Government charge against property to bear the cost of municipal functions.

A

Taxation

21
Q

The act of taking property for public use

A

Condemnation

22
Q

The passing of property to the state due to a lack of heirs

A

Escheat

National Real Estate (5 decks)

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