Legal Aspects of Real Estate Chapter 2

Tangible property is physical, visible, and abstract. conceptual. material. imperceptible.

material

What type of survey locates and verifies all property corners and boundaries, shows the location of all improvements in relation to the property lines, includes an area of the overall property and shows any existing encroachments? A location survey A construction survey A boundary survey A site planning survey

A boundary survey

What term describes a personal property item that has been converted to real property by attachment to real estate? A feature A component A fixture A fitment

A fixture

What type of survey is a boundary survey with the additional location of all the interior improvements? A topographic survey A location survey A site planning survey A construction survey

A location survey

What describes a portion of land delineated by boundaries? A section A parcel A tier A plot

A parcel

What type of survey includes a topographic survey of a parcel of land which will be divided into two or more smaller tracts, lots or estate divisions? A location survey A construction survey A site survey A subdivision survey

A subdivision survey

What is the act of converting personal property to real property by attaching it to the real estate called? Affixing Severing Appending Detaching

Affixing

What type of surveys use portable receiving antennas to gather data transmitted from satellites which are used to calculate the position of the object being located on the surface of the earth? TA/AC surveys ALTA surveys GPS surveys ALTA/SM surveys

GPS surveys

What describes real estate and the bundle of rights associated with owning the real estate? Personal estate Community property Personal property Real property

Real property

What is the conversion of real property to personal property by detaching it from the real estate called? Assignment Severance Fasten Allocate

Severance

What type of rights apply to the real estate contained within the surface boundaries of the parcel? Littoral rights Water rights Encumbrance rights Surface rights

Surface rights

What term means the right to mortgage a property as collateral for debt? The right to exclude The right to encumber The right to finance The right to rescind

The right to encumber

Items of personal property are also called appurtenances. fodder. chattels. interests.

chattels.

What refers to support provided by the adjacent property, such as a landowner having a right to demand that a neighboring property owner does nothing to cause the land to collapse? Material support Lateral support Central support Littoral support

Lateral support

What system uses physical features of the local geography, along with directions and distances, to define and describe the boundaries of a parcel of land? Lot and block method Rectangular survey system Recorded plat method Metes and bounds

Metes and bounds

What type of property is ownership of anything that is not real estate and the rights associated with owning the item? An emblement Real property A datum Personal property

Personal property

What did the federal government develop to simplify and standardize property descriptions as a replacement for the cumbersome and often inaccurate metes and bounds method? The lot and block method The rectangular survey system The recorded plat method The public survey system

The rectangular survey system

What describes items of a tenant's personal property that the tenant has temporarily affixed to a landlord's real property in order to conduct business? Datums Accessories Personal devices Trade fixtures

Trade fixtures

Property rights that are said "to run with the land" and includes things such as air rights, surface rights and subsurface rights are called fixtures. emblements. appurtenances. chattels.

appurtenances.

The term "metes" refers to distance and direction and the term "bounds" refers to course. variable landmarks. fixed reference points. latitude.

fixed reference points.

The three unique characteristics of land are immobility, indestructibility, and production. heterogeneity. function. cultivation.

heterogeneity.

The metes and bounds description always identifies an enclosed area by starting at an origination point called point of beginning. base point. base point. conception.

point of beginning.

The north-south area between consecutive meridians is called a lot. tier. section. range.

range.

Air, water, land and everything affixed to the land is a definition of intangible property. chattel. real estate. community property.

real estate.

What type of rights concern properties abutting bodies of water that are not moving, such as lakes and seas? Inlet rights Littoral rights Real property rights Riparian rights

Littoral rights