REAL ESTATE PRINCIPLES

43,560

1 acre is equal to how many square feet...?

Fixture

An item of personal property after being attached to real property is known as a...?

Material fact

Any fact that would influence the decision of a reasonably prudent person is known as a

Real Property

Land, things affixed to land, and appurtenances that are immovable are considered...?

appurtenances

Something which is outside property itself but belongs to the land and adds to its greater enjoyment, such as a right-of-way, is known as...?

Misrepresentation

Stating an inaccurate square footage of a property is an example of...?

False. Nobody is exempt

TRUE OR FALSE A principal of an owner-occupied 4 family residence is exempt from Federal anti-discrimination laws if they use a licensed broker to help find a new tenant.

Frontage

The linear distance along which a building faces a lot line or a roadway is known as...?

The Unruh Civil Rights Act

Which of the following is a California counterpart to the Federal anti-discrimination laws with regards to discrimination in commercial and business establishments...?

Federal Law

which law prevails over State law...?

True

T or F- In the State of California, race is NOT a material fact...?

Bundle of Rights

The rights, or interests, that an individual has in a particular piece of property is known as...?

Distance and Direction

What does metes and bounds measure...?

Lot and Block U.S. Government Survey System Metes and Bounds

Which of the following is a legal description of land...?

The method of attachment The relationship of the parties to the object The intention of the parties

Which of the following is an element used to determine if something is a fixture or real property...?

The principal of an owner-occupied 1-4 unit residence

Which of the following is exempt from Federal anti-discrimination laws...?

zoning

The division of an area into zones, as to restrict the number and types of buildings and their uses is known as...?

Americans with Disabilities Act

This Federal law requires that private entities, including business establishments, are accessible to individuals who are disabled, and that those business establishments that are accessible to the public make reasonable accommodations...?

Real Estate

This is defined as land, and generally whatever is erected upon or affixed thereto, including but not limited to buildings, structures, landscaping, and fences...?

Land

This is defined as the soil, earth, and ground, which is the result of nature or man-made, as well as an indefinite extent upward into the air, and downward in a direct line from the surface to the center of the earth...?

commingling

To mingle or mix, for example, a client's funds in the broker's personal or general account is known as

Erosion

The eating away of a coastline or land by the action of water, ice, and/or wind, or wearing away of a surface by corrosion or traffic is known as...?

The Unruh Civil Rights Act The Rumford Act The Holden Act

3 Counterpart laws to the Federal anti-discrimination laws...?

Eminent Domain

A right of the government to acquire property for necessary public use by condemnation is known as...?

Metes and Bounds

A term used in describing the boundary lines of land, seeing forth all the boundary lines together with their terminal points and angles is known as...?

Personal Property

All property that is NOT considered real property is considered...?

Blind Advertisement

An advertisement that remains anonymous as to who is advertising is known as...?

The Holden Act

California counterpart to the Federal anti-discrimination laws with regards to REDLINING..?

TRUST FUNDS

Funds held by a real estate broker, in trust, for clients and/or customers are known as...

Trade Fixture

Removable personal property that a tenant attached to leased land for business purposes is known as a...?

Blockbusting

Steering is the opposite of this illegal discriminatory act, which encourages individuals to sell...

Health, Safety, and Welfare of the Public

The 'Strictest Standard Rule' applies when dealing with what...?

variance

The authorization to improve or develop a particular property in a manner not authorized by zoning is known as...?

The right to possess The right to encumber The right to quiet enjoyment

The bundle of rights includes which of the following...?

Accession

The potential right of ownership to land which is produced, then added or united to the owner's land is known as...?

Redlining

The refusal to lend money within a specific area

Strictest Standard Rule

This states that the stricter law (Federal vs. State) will prevail and take precedent...?

Steering

Using racial, ethnic, or religious criteria in suggesting, recommending, and/or influencing individuals regarding locations for the purchase or rental of a single family residence or rental dwelling is known as...?

Encumbrance

Any right to, or interest, in the land interfering with its use or transfer, or subjecting it to an obligation is known as...?

Credit Based Lending

Lenders must perform this when determining if an individual qualifies for a loan, which is based on objective measures...?

Accretion

The process of gradual growth or increase over a period of time from naturally occurring events, resulting in additional layers of matter is known as...?

Riparian Rights

The rights of a landowner or land occupier to use flowing water (such as a river) that is adjacent to the land are known as...?

The Rumford Act

California counterpart to the Federal anti-discrimination laws with regards to BLOCKBUSTING...?

contiguous

Lots that touch at any point are known as...?

Littoral Rights

The right of a property owner whose land borders on a body of water, such as a lake, ocean or sea, to reasonable use and enjoyment of the shore and water the property borders on is known as...?

Police power

The right of any political body to enact laws and enforce them, for the order, safety, health, morals and general welfare of the public is known as...?

Water Rights

The rights of a land owner and/or land occupier to use adjacent bodies of water in a reasonable fashion.

Water rights

The rights of a landowner and/or land occupier to use adjacent bodies of water in a reasonable fashion are known as...?

Escheat

The reversion of the State of property in event the owner thereof abandons it or dies, without leaving a will and has no distributees to whom the property may pass by lawful descent is known as...?

The Right of Lateral Support

The right of a land owner to have the natural physical support of the adjoining piece of land.