Real estate final study guide

Therefore, this fact pattern does not describe an easement in gross. The owner of Parcel South. Over time, the action of the river's water has moved some silt and dirt from the shores of Ursula's property and deposited it downstream on the shores of Daniel's property.

Delivery and Acceptance Legal policy mandates that a deed to rural property be a matter of public record; therefore, subsequent to delivery and acceptance, a deed must be properly recorded Chain Of Title The sequence of historical transfers of title to a property.

This power is called eminent domain. Zoning laws, as implemented in cities and counties, identify the permitted use of each parcel of land.

The owner can be, for example, an individual, a corporation, a governmental entity, a trust, or a partnership.

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These terms are used by appraisers to describe the increase in value when an owner combines several contiguous or touching parcels into one large parcel. Incorrect answer, please choose another answer. Which of the following lists correctly describes the physical and economic characteristics of real estate? Unique, immovable, abundant, indestructible. Because, in contrast to a house or a building, an entire parcel of land does not wear out and need to be replaced. Because she is merely a life tenant, the woman holds a nonfreehold estate. The owner can be, for example, an individual, a corporation, a governmental entity, a trust, or a partnership. Finally, land is considered scarce because entire new parcels of real estate cannot be manufactured.

The life tenant wants to take out a loan using the property as collateral. These terms are used by appraisers to describe the increase in value when an owner combines several contiguous or touching parcels into one large parcel. Which of the following is the difference between the value of a property and the total amount of liens against the property?

As it pertains to real estate, "accession" means to acquire more land, even a small amount of land.

real estate u final exam practice

Alienation, attachment, alluvium b. What do all of these buyers have in common? An easement appurtenant "runs with the land" and transfers with the deed. Oftentimes, a deed will contain two types of land description.

Real estate exam study guide pdf

Parcel 4 was owned by Mr. An easement by necessity is created by the courts when a property is landlocked--provided that the owner of the landlocked parcel did not create the problem. Zoning laws, as implemented in cities and counties, identify the permitted use of each parcel of land. These are four separate powers. An easement in gross only has one parcel of land a servient tenement. Your attorney explains that the ownership of the neighbors' real estate includes an easement appurtenant giving them the right to use that portion of your property. This governmental power is called "escheat. It runs from the present owner back to the original owner of the property.
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