Real Estate- quiz Law 2
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 boundary survey
What term describes a personal property item that has been converted to real property by attachment to real estate?
A fixture
What type of survey is a boundary survey with the additional location of all the interior improvements?
A location survey
What describes a portion of land delineated by boundaries?
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 subdivision survey
What is the act of converting personal property to real property by attaching it to the real estate called?
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?
GPS surveys
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
Lateral support
What type of rights concern properties abutting bodies of water that are not moving, such as lakes and seas?
Littoral rights
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?
Metes and bounds
What type of property is ownership of anything that is not real estate and the rights associated with owning the item?
Personal property
The north-south area between consecutive meridians is called a
Range
What describes real estate and the bundle of rights associated with owning the real estate?
Real property
What is the conversion of real property to personal property by detaching it from the real estate called?
Severance
What type of rights apply to the real estate contained within the surface boundaries of the parcel?
Surface rights
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 rectangular survey system
What term means the right to mortgage a property as collateral for debt?
The right to encumber
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?
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
appurtenances.
Items of personal property are also called
chattels.
The term "metes" refers to distance and direction and the term "bounds" refers to
fixed reference points.
The three unique characteristics of land are immobility, indestructibility, and
heterogeneity.
Tangible property is physical, visible, and
material.
The metes and bounds description always identifies an enclosed area by starting at an origination point called
point of beginning.
Air, water, land and everything affixed to the land is a definition of
real estate.
