The Nature of Real Property Flashcards
Which of the following has had the LEAST influence on California history and the real estate market?
(a) Natural hazards
(b) Cultural forces
(c) Political forces
(d) Economic forces
(a)Natural hazards
Nature provides an abundance of both benefits and hazards, but cultural, political, and economic forces often have brought about more changes than even the most severe earthquake or fire.
Spanish settlement of California began with the establishment of
(a) Military forts.
(b) Maritime ports.
(c) Missions.
(d) Indian reservations.
(c)Missions.
When California changed from Spanish/Mexican rule to the status of an American colony, the entire legal system was replaced by
(a) DRE regulations.
(b) Spanish law.
(c) English common law.
(d) European law.
(c)English common law.
Which of the following events is arguably the most important single event with respect to the exploration and settlement of the western frontier and California?
(a) The Mexican/American war
(b) The Treaty of Guadalupe Hidalgo
(c) The discovery of gold at Sutter’s Mill
(d) The creation and upholding of Mexican land grants
(c)The discovery of gold at Sutter’s Mill
The diversity of California’s population and economy makes the state unique compared to the rest of the country. Which statistic shows the greatest disparity between the state and the nation?
(a) Home values
(b) Household income
(c) Population
(d) Growth
(a)Home values
A large, densely populated metropolitan area, consisting of a number of major urban areas is referred to as a(n)
(a) apex statistical area.
(b) county.
(c) urban region.
(d) megalopolis.
(d)megalopolis.
Among the principles involved in the “Bundle of Rights” is the right to
(a) Build, tax, destroy, and rebuild.
(b) Design, plan, implement, and profit.
(c) Possession, use, enjoy, dispose of, and exclude others.
(d) All of the above.
(c)Possession, use, enjoy, dispose of, and exclude others.
The classical definition of property ownership is ownership of
(a) the surface only.
(b) horizontal and vertical areas above and below the property.
(c) everything below the property in the shape of an inverted pyramid with its apex at the center of the earth and infinite airspace.
(d) all that one can perceive.
(c)everything below the property in the shape of an inverted pyramid with its apex at the center of the earth and infinite airspace.
The rights of a landowner whose property line touches on a river or other flowing stream are called (a) sub-surface rights. (b )correlative user rights. (c) high-low water rights. (d) riparian rights.
(d) riparian rights.
Which of the following is NOT appurtenant to real estate?
(a) Growing trees
(b) Buildings
(c) Fences
(d) Trade fixtures
(d)Trade fixtures
All of the following are factors considered when determining whether an item of personal property has become real property, EXCEPT
(a) agreement between the parties.
(b) method of attachment.
(c) cost of the article.
(d) relationship of the parties.
(c)cost of the article.
The five tests of a fixture are: Method of attachment Agreement of the parties Relationship of the parties Intention of the person attaching it, Adaptability of the item (Study Aid: MARIA)
While ownership of real property is usually transferred by deed, ownership of personal property usually is transferred by
(a) land contract.
(b) bill of sale.
(c) trust deed.
(d) voucher.
(b)bill of sale.
Using only a street address to identify real estate can be problematic because
(a) rural, undeveloped land may not have a street address.
(b) street names may change.
(c) a driveway may be moved.
(d) All of the above
(d)All of the above
A system providing for surveying and describing land by reference to principal meridians and base lines is known as the
(a) rectangular survey system.
(b) metes and bounds system.
(c) property address system.
(d) lot and block system.
(a)rectangular survey system.
A section contains ____ acres.
(a) 80
(b) 160
(c) 320
(d) 640
(d)640
The S 1/2 of the NW 1/4 of the SE 1/4 contains
(a) 40 acres.
(b) 20 acres.
(c) 10 acres.
(d) 5 acres.
(b)20 acres.
multiply all fractions and then multiply by 640 acres
A method of land description where each parcel in a subdivision is identified by tract, lot, and block numbers is called
(a) plat map.
(b) lot and block.
(c) metes and bounds.
(d) government survey.
(b)lot and block.
Under Spanish rule, land was owned primarily by the:
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(a) missions.
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(b) peasants.
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(c) king.
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(d) conquistadors.
(c) king.
The term real estate means the same thing as:
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(a) personal property.
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(b) real property.
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(c) ownership.
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(d) intangible personal property.
(b) real property.
Today, more than 50 percent of California is owned by the:
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(a) private sector.
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(b) federal government.
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(c) municipalities.
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(d) state government.
(a) private sector.
Real property includes:
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(a) land.
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(b) appurtenances to land
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(c) fixtures.
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(d) all of these.
(d) all of these.
Something that is used with the land for its benefit, such as a roadway or a waterway, is known as:
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(a) an appurtenance.
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(b) personal property.
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(c) a fixture.
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(d) an encumbrance .
(a) an appurtenance.
The test for a fixture does NOT include:
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(a) origin of manufacture.
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(b) method of attachment.
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(c) intent of the parties.
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(d) relationship of the parties.
(a) origin of manufacture.
ersonal property is usually transferred by a:
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(a) will.
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(b) deed.
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(c) bill of sale.
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(d) purchase contract.
(c) bill of sale.
There are three principal baselines and meridians in California. The intersection of the Humbold Baseline and Meridian is in:
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(a) northern California.
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(b) central California.
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(c) southern California.
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(d) a state other than California.
(a) northern California.
The rectangular survey system is also known as the:
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(a) metes and bounds system.
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(b) Torrens system.
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(c) lot, block, and tract system.
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(d) U.S. government survey system.
(d) U.S. government survey system.
How many sections are in a township?
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(a) 6
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(b) 18
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(c) 24
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(d) 36
(d) 36
