The Nature of Real Property Flashcards
Which of the following has had the LEAST influence on California history and the real estate market?
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…
Missions.
When California changed from Spanish/Mexican rule to the status of an American colony, the entire legal system was replaced by…
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?
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?
Home values.
A large, densely populated metropolitan area, consisting of a number of major urban areas is referred to as a…
megalopolis.
Among the principles involved in the “Bundle of Rights” is the right to…
Possession, use, enjoy, dispose of, and exclude others.
The classical definition of property ownership is ownership of…
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…
riparian rights.
List three things that are appurtenant to real estate:
- Growing trees
- Buildings
- Fences
Which is NOT appurtenant to real estate?
Trade Fixtures.
The following five factors are considered when determining whether an item of personal property has become real property. 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)
The following is NOT considered as factor when determining a fixture:
-cost of the article.
-origin of manufacture.
While ownership of real property is usually transferred by deed, ownership of personal property usually is transferred by…
bill of sale.
Using only a street address to identify real estate can be problematic because of the following three reasons:
- Rural, undeveloped land may not have a street address.
- Street names may change.
- A driveway may be moved.
