Real Estate 4

Question 1

Legal test that determine if an item is a fixture

Answer 1

Method of annexation (attachment)

Adaptability intention existence of an agreement

Question 2

Aspects of real property interest regulated by the government

Answer 2

Bundle of right
Legal descriptions
Financing and insurance
Inheritance and taxation

Question 3

Describe the kind of interest regulated at each level of government

Answer 3

Federal:Brown standards of usage natural disaster, environment, discrimination, land description, lending
State: licensing, regional usage, ownership and inheritance
Local: specific land use control, taxation
Judicial: Case law and common law applications to ownership and use