Real Estate Test 1 Chapter 2

Front 1

The term for land and improvement thereon is

Back 1

Realty

Front 2

The term for interest and rights in real estate is

Back 2

Real Property

Front 3

The term for land and improvements combines with rights and interest is

Back 3

Real Estate

Front 4

Real estate rights are comprised of
(3 things)

Back 4

1. Surface
2. Air
3. Subsurface

Front 5

Subsurface rights are often called ______ rights

Back 5

Mineral

Front 6

6 examples of mineral rights

Back 6

1. Oil
2. Gas
3. Granite
4. Marble
5. Gravel
6. Uranium

Front 7

In texas, _____ rights usually prevail over surface rights.
(TEST Question)

Back 7

Subsurface

Front 8

An example of air rights is an

Back 8

Aerial Easement

Front 9

Anything permanently affixed to land is called an

Back 9

Improvement

Front 10

Anything not considered real property is _____ property

Back 10

Personal

Front 11

Personal property made permanent by attachment to land is called a

Back 11

Fixture.

Front 12

4 Test of Fixture

Back 12

1. Method of Attachment
2. Method of Adaptation
3. Effects of removal
4. The Intent of the installer

Front 13

Method of attachment examples:

Back 13

1. Bolted
2. Glued
3. Nailed

Front 14

Method of adaptation examples:

Back 14

Was the item customized

Front 15

Effects of removal on underlying real estate examples

Back 15

Gaping hole in ceiling due to chandelier removal

Front 16

The intent of the installer examples:

Back 16

Deck around the pool

Front 17

The _____ is the most important test

Back 17

Intent of the installer

Front 18

A fixture is not considered permanent by law is called _____ fixture

Back 18

Trade

Front 19

A ________ lien can be filed against fixtures (ex: air conditioning units)

Back 19

Mechanical

Front 20

A right that conveys with real property ownership is called an

Back 20

Appurtenance

Front 21

Example of Appurtenance

Back 21

HOA Pool, Playground

Front 22

Another name for personal property is

Back 22

Chattel

Front 23

A right of a river or stream lot owner to use in a reasonable manner is called _____ right

Back 23

Riparian

Front 24

A right of a property owner to use and enjoy lake, bay or sea water adjacent to their property is called a ________ right

Back 24

Littoral

Front 25

Test Question
Ownership of land does not include ownership of aquifer water (percolating water), only ground water (water table)

Back 25

Test Question

Front 26

Water rights are contained in the _______

Back 26

State water code

Front 27

______ enforces the water rules.

Back 27

Texas Commission on Environmental Quality (TCEQ)

Front 28

A navigable waterway in Texas must be a minimum of an average of ____ feet wide regardless of depth

Back 28

30

Front 29

Several ____ in Texas are exempt from the constant use law.

Back 29

Rivers

Front 30

Constant Use law Example

Back 30

Blanco River

Front 31

(address): sufficient for a lease but not for a sales contract in Texas.

Back 31

Informal Description

Front 32

_____ Typically used in sales contracts along with an address

Back 32

Legal Description

Front 33

Within a recorded subdivision, land is described in 4 ways

Back 33

1. Lots
2. Blocks
3. Sections
4. Phases

Front 34

In unrecorded rural areas, land is described in _______ and ______.

Back 34

1. Surveys
2. Abstracts

Front 35

2 Differences between recorded plot and survey.

Back 35

1. Survey is completed for the lender
2. Plot is par subdivision development.

Front 36

A method of identifying a parcel of land by its shape and boundaries is called ________ description

Back 36

Metes and Bounds

Front 37

* Starts with a monument- typically a concrete marker or metal rod called "the point of beginning"

Back 37

* Readings are always north or south and move clockwise
* No reading is more than 90 degrees
* 360 degrees in a circle
* 60 minutes (') in a degree

Front 38

A _______ map (contour map) is another method of identifying real estate.

Back 38

Topographical

Front 39

The fact that a tract of land itself cannot be moved is called

Back 39

Immobility

Front 40

For most part land is

Back 40

Indesctructable

Front 41

The fact that no two tracts are exactly the same because no two tracts can occupy the exact same location is called

Back 41

Non - Homogeneous

Front 42

The supply of available land in a given location is called.

Back 42

Scarcity

Front 43

The process whereby one improvement can affect improvements made to surrounding property is called ______

Back 43

Modification.

Front 44

An example of a modification would be.

Back 44

Super Walmart,
School
Cabelas

Front 45

______ defines a property's location from an economic rather than geographic point of view.

Back 45

Situs

Front 46

An example of a situs would be

Back 46

Corner lot, Hillview, Lake Frontage