Uses of real property Flashcards
Illiquidity
When a security or other asset that cannot easily and quickly be sold, or exchange for cash without a substantial loss and value
Immobility
I am cannot be moved from a particular spot to another location. Improvements in construction can be made on it, but the land Itza can’t be moved and no action can physically move it.
What is real property use for single-family homes and multi family dwellings of 1 to 4 units?
Residential
What is real property use for restaurants, retail stores, hotels, parking facilities, multi family, dwellings a five or more units?
Commercial
What is real property use for light manufacturing, heavy manufacturing, warehouses, distribution centers
Industrial
What is real property use for Timberland, pasture, land, Farm’s, orchards
Agricultural
What is the real property use of churches, hospitals, Jill’s, court houses, college, university, campus, public schools, libraries?
Special purpose
Display shelves installed by a business owner and a rented building a good example of______?
Leased premises
Real estate
Real property
Trade fixtures
Trade fixtures ,
these are example of trade fixtures, while attached are not considered real property. They are generally allowed to be removed by the business owner, who is responsible for tearing any signs of removal.
Sally and Pete are city dwellers who have always dreamed of living in a rural setting. When Pete inherits a 600 acre cattle ranch from his uncle, they don’t waste a moment packing up and moving to the ranch. What category of real estate is there a new home considered?
Agricultural
Commercial
Industrial
Residential
Agricultural
Basic property rights include the rights of the session, Control, exclusion, enjoyment_________?
Destruction
Disposition
Encroachment
Reliction
Disposition
The right to access, rivers, streams, and other flowing bodies of water adjacent to a property is____?
Land
Littoral
Mineral
Riparian
Riparian
Which of the following is included with real property rights?
Enjoyment
Hazardous acts
Right to destroy
Right to encroach
Enjoyment
Property owners who live on, or next to water have certain rights. An example of one of these rights and_____?
Contamination
Hazardous waste
Littoral
Reversionary
Littoral
A River runs adjacent to a Ranch his property. The ranchers ability to use the water from the river is based____?
Aquafire rights
Encroachment, right
Littoral rights
Riparian rights
Riparian rights
When Henry first weekend in his real estate career, he focused on residential properties. As he gain more experience, he found that he really enjoyed helping business owners find warehouses for their products, or properties where they could conduct manufacturing activities of the primary categories of real estate, what types of properties does Henry handle?
Industrial
Leisure
Residential
Retail
Industrial
