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36 Cards in this Set

  • Front
  • Back

All of the services into which the real estate business may be divided which is least likely to be offered by a real estate office

Insurance

Ownership implies everything except

Destruction

You plan to build a high-rise building over a railroad track you need to purchase

The air rights and land for caissons for footings of the building

Real property can be divided into corporeal and incorporeal and in incorporeal right would be

Easements

A man least a building with permission to install heavy machinery. In order to install said machinery the leasee as to install a special foundation. The foundation so installed becomes an

Improvement to the property

What would be considered an interest in real property

Fences

And article may be change from Realty to personalty by

Detachment

True or false trade fixtures are always personal property

True

True or false harvested crops are considered personal property

True

If the county sells alien due to unpaid property taxes what redemption period Does the owner have

Three years

What does not have the right to tax real property in the state of Arizona

Quasi- I public agencies

Patents trademarks copyrights and realties are an example of

Intangible personalty

The charges levied against real estate as a result of city installed sewer systems are called

Assessments

Escheated property is sold at public auction by the share of the proceeds of the sale go to who

Are deposited into the general fund of the state of Arizona

What is the rate of interest to be paid on past due property taxes

16%

Municipalities have the right to restrict the use of properties located there in this right comes from

Enabling legislation

Urban property is

City property

When a real property tax lien has been sold for failure to pay taxes the sale is held in what month

February

Title to personalty is conveyed by means of a document called

Bill of sale

Chattel real would be best to find as

Personal property

Shelving and counters are securely fastened in the least retail store these items are

Trade fixtures

The two designations or classifications of water law in Arizona are

Ground and surface

Except during a time of emergency property cannot be Confiscated through the use of

Police power

Which of the following would be a limitation of use of property by the government

Police power

Zoning laws are the utilization of the states

Police power

What would not be considered commercial

Churches

Why does a city planner include industrial and commercial areas as part of the total community

To have a broader tax base

What does not determine whether items of personal property have become real property

Cost of an item

A master plan adopted by local planning commission may not be concerned with matters of

Deed restrictions

Real estate taxes are levied

Annually

First half property taxes are due and payable

October 1st

Those incorporeal rights in land which are attached to and "run with the land" are called

Appurtenances

Ad valrem

According to value

When rights transfer with the deed this is referred to as

Bundle of rights

Littoral rights would refer to

Property bordering lakes and oceans

Who creates community facilities districts or CFDs

Municipalities