Ownership Flashcards
The right to possess, use, encumber, dispose of and to exclude best define
A Refrain from use
B Acquired by escheat
C A bundle of rights
D Adverse possession ownership
A bundle of rights
Legally, property is defined as:
A Involuntary transfers
B Only things on the property
C Personal transfers
D Rights or interest a person has in a thing owned
Rights or interest a person has in a thing owned
Which of the following has an estate in real property:
A Lenders
B Mortgagee
C Beneficiary
D Life Tenant (Life estate)
Life tenant (life estate)
When comparing condominiums and rented apartments:
A Each will receive a separate tax bill.
B The occupier has a fee estate
C The person who occupies each unit would have an estate in real property
D None of the above
The property who occupies each unit would have an estate in real property
Ownership rights and interest in real esate are represented by:
A Absolute conveyances or agreements
B Liens or charges on land
C Estates or fees
D All of the above
Estates or fees
Which of the following best describes real property:
A An estate
B Land, appurtenances and fixtures
C Property which is not personal
D All of the above
Land appurtenance and fixtures
When comparing real property to personal property, real property is:
A Immovable by law
B Movable
C Personal exclusively
D Transferable by a bill of sale
Immovable by law
Which of the following is considered real property:
A Land and buildings
B Artificial items which are immovable by law
C Easements that convey rights of-way over adjoining land
D All of the above
All of the above
Which of the following would be considered real property
A maturing grape crop under a sales contract
B Trade fixtures
C A built in refrigerator in a mobile home that is not attach to the foundatic
D A bearing wall in a single family house
Trade fixtures
Which of the following is real property:
A Stock in a mutual water company
B A trust deed
C A mortgage
D None of the above
Stock in a mutual water company
Unless otherwise specified, the rights to mineral rights are:
A Never transferred
B Automatically transferred
C Leased only
D Sold separately
Automatically transferred
Which of the following may be attached to the land:
A Trees
B Buildings
C Water rights
D All of the above
All of the above
Broker Fisher listed the mobile home. If Fisher wants to sell Burgs mobile home the mobile home must:
A Must have a DMV license
B Must have a dealers license
C The mobile home must be registered and attached to a permanent foundation
D None of the above
The mobile home must be registered and attached to a permanent foundation
Which of the following can be appurtenant to land:
A Stock in a mutual water company
B Attachments
C Easement in gross
D All of the above
Stock in a mutual water company
Which of the following runs (appurtenant) with the land:
A Stock in a mutual water company
B Easement
C Covenants
D All of the above
All of the above
Riparian rights refers to owners that borders:
A River/streams/watercourse
B Arms of a bay/seas/ocean
C Subterranean cavities/lake/underground cavities
D All of the above
Rivers/streams/watercourse
The land of a riparian owner borders on:
A Ocean
B Lake
C Seashore
D Watercourse
Watercourses
When an owner acquires land with riparian rights appurtenant thereto, such rights:
[A] Give the purchaser absolute ownership of adjacent waters
B Must be expressed in the deed
C May be determined accurately from an examination of public records
D Are only available to land adjacent to moving water, a stream or brook
within in the watershed
Are only available to land adjacent to moving water, a stream or brook
within in the watershed
Which of the following is riparian and littoral:
A Ocean
B River
C Bodies of water
D Avulsion
Bodies of water
Which of the following is littoral:
A River and water stream
B Canal and waterfall
C Ocean and water brook
D Ocean and dam
Ocean and dam
When the state has given permission to a non-riparian owner of a farm nearby lake, the owner has received this right by:
A Appropriation
B Water table
C Percolation Appropriation
D Inverse condemnation
Appropriation
The document used to transfer title to a mobile home is:
A A vehicle certificate of registration
B A bill of sale
С A deed
D A compliance agreement
A bill of sale
John conveyed his ranch to Bob using a land contract.
The ranch was serviced by a mutual water company, nd Jolin was a stockholder in the company. the stock which John owned was appurtenant to the land.
Does Bob have to enter into a separate contract for the stock of the
mutual water company:
A Yes, since stock is always personal property and therefore not included in land contracts
B No, because land in California cannot be sold without water rights
C Yes, because real property is not always accompanied by water rights
D No, because the stock was appurtenant to the land and therefore part of the real property and part of the land contract
No, because the stock was appurtenant to the land and therefore part of the real property and part of the land contract
Which of the following is not a test for a fixture:
A The intention of the parties
B The method of attachment
C The agreement of the parties
D The time of attachment
The time of attachment
All of the following acts are grounds for discipline by the Real Estate C against a real estate salesperson’s license, except:
A Failing to provide for the delivery of a properly-endorsed certificate of own from the seller to the buyer
B Advertising a used mobile home for sale as “new”
C Submitting a check to the Department of Housing and Community Develop in connection with the title transfer if the check is thereafter refused payment by the bank
D Selling, as agent, a mobile home which is greater than 8 feet in width and 40 feet in length
Selling, as agent, a mobile home which is greater than 8 feet in width and 40 feet in length
In the law a fixture is defined as:
A Something incorporated into the land
B Something referred to by actions but not referred to in the sales contract
C Something that is made part of a chattel real
D Something used in an extraordinary way with the land
Something incorporated into the land
Property is:
A An estate
B A fixture
C Land
D Personal if it is other than real
Personal if it is other than real
Items of personal property which have become attached to real property and are, thus, considered real property are:
A Fixtures
B Attachments
C Inclusions
D New
Fixtures
The right to use, possess, enjoy, transfer, and dispose of a thing to the exclus of all others most accurately describes:
A An estate
B Real estate
C Ownership
D Equity
Ownership
In which of the following ways does real property differ from personal property:
A In the method conveyed
B is immovable by law
C in the type of loan instrument
D in the acquisition and transfer of title
It is immovable by law
An owner that has riparian rights, it means he has rights relating to the use and ownership of water from which of the following sources:
A The bay
B Underground cavities
C Rivers, streams, and watercourses
D Allof the above.
Rivers, streams, and watercourses
