National Real Estate Law 1

Front 1

What is the #1 promise that a seller makes to a buyer?

Back 1

A free and clear title is ____________.

Front 2

Another word for personal property.

Back 2

Another word for chattel.

Front 3

Personal property is generally ____________ property.

Back 3

Movable property is generally ____________ property.

Front 4

A lease , deed of trust, or promissory note is considered to be ________________ property.

Back 4

Personal Property.

Front 5

How is personal property transferred between owners?

Back 5

A Bill of Sale serves this purpose.

Front 6

Land, everything attached to it, and the accompanying rights are known as __________ property.

Back 6

Real property consists of:

Front 7

Real property is generally ___________ property.

Back 7

Immovable property is generally ___________ property.

Front 8

How is real property transferred between owners?

Back 8

A deed serves this purpose.

Front 9

This person gives the deed to the buyer.

Back 9

What is a grantor?

Front 10

This person receives the deed from the seller.

Back 10

What is a grantee?

Front 11

Land ownership extends to this extent in these directions.

Back 11

This extends upwards to the sky and

downwards to the center of the earth.

Front 12

Land ownership includes these two kinds of rights:

Back 12

Air rights and subsurface rights come along with _____________________.

Front 13

Another word for erosion:

Back 13

Another word for avulsion:

Front 14

What is erosion?

Back 14

The tearing away of land by natural causes.

Front 15

What is accretion:

Back 15

The increase of land by natural causes.

Front 16

Another word for accretion:

Back 16

Another word for alluvion:

Front 17

Force majure

Back 17

Act of God

Front 18

Hererogeneity

Back 18

No two parcels of land are the same.

Front 19

The rights and improvements that are transferred along with land are called __________________.

Back 19

Appurtenances are:

Front 20

Examples of tangible appurtenances:

Back 20

Buildings, trees, sidewalks, perennial plants.

Front 21

What plants are considered personal property?

Back 21

Annual plants are considered __________________.

Front 22

Emblements are:

Back 22

Annual crops (personal property)

Front 23

The right of a tenant farmer to harvest crops after his lease has expired is called:

Back 23

Emblements is:

Front 24

Examples of intangible appurtenances are:

Back 24

Mineral, air, riparian, and littoral rights, easements are examples of:

Front 25

Littoral Rights are:

Back 25

Water rights next to a lake or ocean are called:

Front 26

Items which were once personal property but have become real property by attachment are called:

Back 26

Fixtures are:

Front 27

The process of changing real property into personal property, or vice versa is called:

Back 27

Conversion is:

Front 28

Fixtures may become personal property (retained by the seller) through:

Back 28

Agreement between both parties allows:

Front 29

An item is considered to be real property if:

Back 29

1. If the item is permanently attached,

or

2. If damage would occur if the item were removed,

Front 30

This has no bearing on whether or not an item is considered to be a fixture.

Back 30

Cost has no bearing on what?

Front 31

Mobile Homes are considered real property in Arizona iff:

Back 31

An Affidavit of Affixture does this:

Front 32

Four government limitations on ownership:

Back 32

1. Police Power

2. Eminent Domain

3. Taxation

4. Escheat

Front 33

Police Power is:

Back 33

The right to enact laws for the health, safety and welfare of the public.

Front 34

Zoning laws, health codes and building codes are examples of ____________ at work.

Back 34

Examples of Police Power:

Front 35

What is eminent domain?

Back 35

The right of the government to take private property for public use with just compensation paid.

Front 36

Th process of eminent domain is called:

Back 36

Condemnation is:

Front 37

Prior to condemnation, a property owner must be given ________________________.

Back 37

20 days notice must be given to a property owner prior to:

Front 38

Notice of condemnation includes:

Back 38

Appraisal and a written offer for just compensation are included in:

Front 39

Taxation is defined as:

Back 39

The charge against private property to cover the cost of municipal functions is called:

Front 40

When a property owner dies intestate, what will happen to his property?

Back 40

Property will go to the legal heirs, or if there are none, it will escheat back to the state in this scenario.

Front 41

What does "intestate" mean?

Back 41

Without a will.

Front 42

How long will a state search for legal heirs before property escheats?

Back 42

The state will look for heirs for up to seven years before _______________.

Front 43

The transfer of private property to the public without consideration (i.e., no second party making promises) is called:

Back 43

Dedication is: