Real Estate Principles, Chapter 2

How many sections are in a township? a. 18 b. 24 c. 6 d. 36

36 In the rectangular survey system, land is measured, divided, and numbered in each direction from the point of intersection of the baseline and the meridian in townships, each of which is an area of six miles square (36 square miles) made up of 36 townships of one square mile each. pages 57-48

Real Property includes a. Fixtures b. Appurtenances to the Land c. Land d. All of these

All of these The California Civil Code definition of real property includes land, fixtures, anything incidental or appurtenant to land, and anything immovable by law. pages 36-37

Something that is used with the land for its benefit, such as a roadway or a waterway, is known as a. An Appurtenance b. Personal Property c. A Fixture d. An Encumbrance

An Appurtenance An appurtenance to land is anything used with the land for the benefit of its owners, such as a roadway, an easement, right of way, or condominium parking space. page 39

Personal property is usually transferred by a a. Deed b. Purchase Contract c. Will d. Bill of Sale

Bill of Sale Ownership of real property is usually transferred by an instrument called a deed. Personal property is usually transferred by a bill of sale. page 42

Under Spanish rule, land was owned primarily by the? a. Conquistadors b. Missions c. Peasants d. King

King In 1513, Balboa claimed all lands "washed by the Pacific Ocean" for the King of Spain. page 32

There are three principal baselines and meridians in California. The intersection of the Humboldt Baseline and Meridian is in a. A State Other Than California b. Central California c. Southern California d. Northern California

Northern California The Humboldt Baseline and Meridian were established on Mt. Pierre in Humboldt County in 1853. The other two baseline and meridians were established a few years earlier. page 45

The test for a fixture does NOT include a. Method of Attachment b. Relationship of the Parties c. Origin of Manufacturer d. Intent of the Parties

Origin of Manufacturer The test for a fixture (MARIA) includes the method by which the thing is affixed; adaptability of the thing for another use; relationship of the parties, intent in using the thing, and agreement of the parties. pages 40-41

Today, more than 50% of California land is owned by the a. Municipalities b. State Government c. Federal Government d. Private Sector

Private Sector Of the more than 100 million acres of California's total area, government entities own about 49%, leaving the majority of ownership in the private sector. page 35

The term real estate means the same thing as? a. Real Property b. Personal Property c. Ownership d. Intangible Personal Property

Real Property In California, the term real property is synonymous with the term real estate. page 36

The rectangular survey system is also known as the a. Lot, Block, and Tract System b. U.S. Government Survey System c. Torrens System d. Metes and Bounds System

U.S. Government Survey System The rectangular survey system is also called the section and township system, or the U.S. government survey system, and is used by the United States Surveyor General to survey public lands. page 45