Unit 1 Glossary Review

Question 1

All property other than real estate is known as…

Answer 1

Personal Property

Question 2

Three things that real estate consists of

Answer 2

Land, Improvements, Rights

Question 3

If a seller is taking a fixture, it must have been ______ from the purchase contract.

Answer 3

Excluded

Question 4

Riparian Rights

Answer 4

Ownerships of rights to a creek

Question 5

When articles of personal property is permanently attached to the improvements, they become______

Answer 5

Fixtures

Question 6

Certificate of Occupancy

Answer 6

Must be obtained before a new building can be inhabited.

Question 7

Permission to vary from strict compliance with zoning requirements may be obtained in the form of a _____

Answer 7

Variance

Question 8

Rectangular Government Survey

Answer 8

Townships, sections, and meridians. Range and Township lines

Question 9

Metes and bounds

Answer 9

Uses compass degrees and feet, begins and ends at POB point of beginning

Question 10

Lot, Block, and Subdivision

Answer 10

Uses plats (maps)

Question 11

Buffer Zone

Answer 11

Separates 2 very different land use zones

Question 12

Deed

Answer 12

what is used to transfer real estate

Question 13

Bill of sale

Answer 13

Used to transfer personal propertyW

Question 14

Appurtenance

Answer 14

attached to and runs (transfer) with the land; once personal property is attached it becomes an appurtenance and is transferred with the deed.

Question 15

Land has what three rights?

Answer 15

Surface, air, subsurface

Question 16

Littoral Rights

Answer 16

Standing water such as lakes

Question 17

Accretion

Answer 17

Addition to land through natural causes

Question 18

Avulsion

Answer 18

Sudden loss of land, washed away

Question 19

Do water rights include the right of access?

Answer 19

No, would need to obtain an easement to do so….

Question 20

How are mineral rights held?

Answer 20

Often by a third party

Question 21

How is real estate transfered?

Answer 21

By a deed

Question 22

Personal property

Answer 22

Transferred by bill of sale, and must be included in the purchase contract to transfer with the property.

Question 23

Emblements

Answer 23

annually cultivated crops that belong to the party who planted them, unless otherwise agreed.

Question 24

A Survey is used to…..

Answer 24

Create or confirm a legal description of land only, not improvements

Question 25

How many sections in a township?

Answer 25

36

Question 26

A SECTION is 1 mile by 1 mile square and contains how many acres?

Answer 26

640 acres. Use 640 to divide by the denominators of the fractions.

Question 27

How many square feet in an acre?

Answer 27

43,560 sq/ft

Question 28

What’s an amendment?

Answer 28

Zoning change for an entire area

Question 29

Formula for square footage

Answer 29

A=WxL