6.2 Flashcards

0
Q

True or False:

If someone owns land along a river, he can sell the land to the middle of the river.

A

False

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1
Q

A neon sign for business attached to a leased space is an example of a _______.

A

Trade fixture

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2
Q

True or False:

A permanent fence around a property is considered personal property.

A

False

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3
Q

Something attached to real estate with the intent of remaining permanent is considered _______.

A

Real property or real estate

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4
Q

The rights a landowner has with a flowing stream of water are called ______ rights.

A

Riparian

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5
Q

Land plus all natural resources and anything permanently attached to it is the definition of ________.

A

Real estate or real property

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6
Q

A ______ owner is the legal definition of an owner or possessor of land that abuts a watercourse, such as a natural stream, river, or creek.

A

Riparian

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7
Q

A _____ owner is the legal definition of an owner of land that abuts a fixed body of water, such as a sea, lake or pond.

A

Littoral

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8
Q

______ rights provide the privilege of gaining income from the sale of oil.

A

Mineral

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9
Q

“Chattel” is also known as _______.

A

Personal property

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10
Q

Structural safety, health requirements, and fire safety are considered in a state or local government’s building ______.

A

Codes

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11
Q

True or False:

A light fixture is considered personal property.

A

False

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12
Q

True or False:

Ownership rights include below to the center of the earth and above into the sky.

A

True

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13
Q

Something built upon the land with the intention of being permanent is called a/an ________.

A

Improvement

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14
Q

True or False:

Water rights mean the landowner owns the water.

A

False

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15
Q

______ are the rights to use, control, or occupy the space above a designated property.

A

Air rights

16
Q

Riparian owners may be entitled to the “reasonable use” of a ______.

A

Watercourse

17
Q

______ are marked by a sudden and violent change to the bed or course of a stream or river causing a measurable loss or addition to land.

A

Avulsions

18
Q

_______ are marked by the gradual addition of soil on one side of a watercourse, which adds to the owner’s land.

A

Accretions

19
Q

The shore zone of a fixed body of water such as a sea, lake or pond, is ______ land.

A

Littoral

20
Q

______ provide the privilege of gaining income from the sale of oil, gas, minerals, and other valuable resources found on or below land.

A

Mineral rights

21
Q

_____ are property placed on, or annexed to, rented real estate by a tenant for the purpose of conducting a trade or business.

A

Trade fixtures

22
Q

______ are crops or products of the land that legally belong to a tenant.

A

Emblements

23
Q

A _____ is a set of rules that specify the minimum acceptable level of safety for constructed objects such as buildings and non-building structures.

A

Building code

24
Q

It should be a red flag to a real estate consumer if an agent asks the ____ to make the check payable to the agent.

A

Buyer or seller

25
Q

Agents are required to disclose _____ facts to prospective buyers.

A

Material

26
Q

_________ are facts that may adversely and significantly affect a buyer’s use or enjoyment of the property.

A

Material facts