What is most accurately describes personal property
Fixture
Chattel
Improvement
Realty
Chattel
Which in not corporeal property
Building
Leasehold
Outdoor billboard
Fixture
Leasehold
Which of the following is not realty
Fee simple estate
Leasehold for indefinite duration
Lumber
Life estate
Lumber
Real estate is defined as
Land and all permanent attachments
A freehold estate is
Any estate wherein one may use the property as he wishes
An item of personalty that is affixed to realty so as to be used as a part of it is
Fixture
Which is not considered a permanent attachment to land
Anything growing on it
Fixtures
Chattels
Anything built upon the land
Chattels
A person who has some rights to use land, but not all possessory rights, is said to have
An interest in land
A person who has permission to use land, but has no other rights, has
License to use
A person receives title to land by virtue of having used and occupied it for a certain period or time, without actually paying for the previous owner for it, receives title by
Adverse possession
A person who dies leaving no will is said to have died
Interstate
A person who owns an undivided interest in land with at least one other, and has the right of survivorship, is said to be
Joint tenant
Tenancy in severalty refers to
Ownership by one person only
Downer rights are rights that assure that
A spouse receives a certain portion of his/her deceased spouse's estate
An easement is
The right to use the property of another for a specific purpose
The process whereby a person a person holding a claim against property can have the property sold to pay the claim is
Foreclosure
A person who appears to own property, but does not, is said to pay the claim is
Foreclosure
Two people who own undivided interests in the same realty, with right of survivorship, have
Tenancy in common
A fee simple estate is
A freehold estate
Which of the following is considered a permanent attachment to land?
Improvements to land
Fixture
Trees growing on the land
All of the above
A person who has some rights to land, but not all the possessory rights, has
An interest in land
Downer rights are rights that assure that
A spouse receives a certain portion of his/her deceased spouse's estate
An easement is
The right to use the property to use the property of another for a specific purpose
The process whereby a person holding a claim against property can have the property sold to pay the claim is
Foreclosure
A person who appears to own property, but does not, is said to have
Color of title
Two people who own undivided interests in the same realty, with the right to survivorship, have
Tenancy in common
A fee simple estate is
A freehold estate
Which of the following is considered a permanent attachment to the land
Improvements to land
Fixture
Trees growing on the land
All of the above
A person who has some rights to land, but not all the possessory rights, has
An interest in land
A person who had color of title to land has
The appearance of title
A life estate pur autre vie is one in which
The duration of the life estate is based upon the duration of the life of someone other than the tenant
Which of the following would not be real property
A lease for one month
Adverse possession may establish
A claim to title
An easement by prescription may establish
Use of property
Fifty feet of land was added to Apple's farm because a river changed its course. This is an example of
Avulsion
Fifty feet of beachfront land was removed by a flood. This is an example of
Avulsion
As used in real estate practices, the land of a riparian owner borders on
River
Stream
Watercourse
All of the above
A person holding title to real property in severalty would most likely have
An estate for years
Joint ownership of real property by two persons, each of whom has an undivided interest (not necessarily equal) without right of survivorship, is
A tenancy in partnership
Generally, the taking of private land by governmental bodies for public use is governed by due process of law and is accomplished through
Eminent domain
Governmental land use planning and zoning are important examples of
Exercise of eminent domain
After Harry bought his apartment, he started receiving his own property tax bills. This indicates that he has bought into a
Condominium
Helen and David, who are not married, want to buy a house together. To ensure that if one dies, the other automatically becomes the full owne, their deed must state that they are
Joint tenants
Real property is
The land
A house has built- in bookcase and elaborate chandelier. The buyer is also getting a dinette set and a table lamp
The built- in bookcase and chandelier are included in the real estate contract. The land and dinette set are chattels and are sold seperately
Manmade additions to land are known as
Improvements
Land can be owned apart from the building on it under the arrangement known as
Net lease
No one seems to own the vacant land next to Mary's house, so she had used it for a pasture for many years. She may have a good chance of obtaining ownership by
Adverse possession
An abstract of title contains
The summary of a title search
In order to reach the bench, the Smiths have a permanent right- of- way across their neighbor's beachfront property. The Smiths own
Easement
A corporation usually owns property in
Joint tenancy
Littoral rights for properties abutting the ocean give ownership
To the mean high water mark
Liability that is limited to the amount invested does not apply to
Partners in general partnership
The lumber for a deck that has not yet been built is
Personal property
State law provided for the distribution of an interstate person's property by
Intestate succession
The type of co-ownership that allows an owner's property to be left to his or her heirs is
Tenancy in common
One who owns a life estate cannot
Devise his interest
A condominium owner can avoid payment of his or her share of the common expenses by doing which of the following
Not using certain common elements
Abandoning her apartment
Defaulting on mortgage payments
None of the above: payment cannot be avoided
None of the above: payment cannot be avoided