Real Property and the Law

Question 1

Accession

Answer 1

Acquiring title to a fixture left behind by a tenant at termination of the lease.

Question 2

Attorney

Answer 2

One who is licensed to practice law.

Question 3

Air rights

Answer 3

The right to use the airspace above a lot.

Question 4

Bundle of Rights

Answer 4

Rights to ownership of land, including possession, control, disposition and enjoyment.

Question 5

Chattel

Answer 5

Personal property

Question 6

Fixture

Answer 6

An article of personal property that has been attached to the real estate and becomes real estate.

Question 7

improvement

Answer 7

any man made addition to real property. ex; buildings, fence, driveways, etc.

Question 8

land

Answer 8

the earths surface, everything down to the center of the earth and above to infinity.

Question 9

real estate

Answer 9

land plus man made improvements.

Question 10

real estate license law

Answer 10

statutes and regulations that govern real estate brokers and salespeople.

Question 11

real property

Answer 11

the interest benefits and rights in the ownership of real estate.

Question 12

severance

Answer 12

turning real property into personal property (chopping a tree, removing a fence)

Question 13

subsurface rights

Answer 13

ownership of minerals below the surface

Question 14

surface rights

Answer 14

ownership of the surface area

Question 15

trade fixture

Answer 15

generally personal property, an article of personal property of installed by the renter. Real property of installed by the owner.

Question 16

Physical characteristics of land

Answer 16

immobility, uniqueness, indestructibility

Question 17

Economic characteristics of land

Answer 17

scarcity, improvements, permanence of investment and area preference.

Question 18

non homogeneity

Answer 18

no 2 pieces of real estate are exactly alike (Describes a physical characteristic of land.

Question 19

air lot

Answer 19

airspace above a lot

Question 20

base line

Answer 20

an imaginary line running east to west perpendicular to the principal meridian

Question 21

benchmark

Answer 21

a permanent reference point for elevation

Question 22

correction lines

Answer 22

every 4th township line is a correction line for the earth curvature. (24 miles)

Question 23

datum

Answer 23

zero elevation

Question 24

guide meridians

Answer 24

every 4th range line

Question 25

government check

Answer 25

an area that is bound by 2 guide meridians and 2 correction lines(24 miles x 24 miles)

Question 26

government lots

Answer 26

any fractional sections of the government survey system

Question 27

legal description

Answer 27

a description of a parcel of land complete enough for a surveyor to identify it.

Question 28

lot and block system

Answer 28

describing property based on the location of the lot and block on a plat map

Question 29

metes and bounds

Answer 29

describing property by the distance and directions around the boundary starting and stopping at the point of beginning.

Question 30

monument

Answer 30

a fixed natural or artificial object to assist in a metes and bounds description.

Question 31

plat map

Answer 31

a map of a subdivision showing the location of lots and blocks.

Question 32

point of beginning

Answer 32

a starting and stopping point of the metes and bounds description

Question 33

principal meridian

Answer 33

one of the 25 main survey lines running north and south in the government survey system.

Question 34

range

Answer 34

a strip of land 6 miles wide running north and south numbered from the principal meridian

Question 35

rectangular (government) survey system

Answer 35

a system established in 1775 by the federal government to survey land based on the principal meridian and baselines.

Question 36

section

Answer 36

one square mile of a township

Question 37

township line

Answer 37

“tier” a strip of line 6 miles wide running east and west numbered off the baseline.

Question 38

township square

Answer 38

a principal unit of the government survey system, made from the intersection of a township line and a range line.

Question 39

a section contains _____ acres

Answer 39

640

Question 40

one section can be divided into 4 quarters of ______ acres each

Answer 40

160

Question 41

the school section in a township is #_____

Answer 41

16

Question 42

how many sections in a township?

Answer 42

36

Question 43

one square miles is _____ acres

Answer 43

640

Question 44

one acres is ________ square feet

Answer 44

43,560