Unit 4 : Real Property

Front 1

The term appurtenances can include improvements

Back 1

True. Any right, interest, privilege, or improvement that runs with the land

Front 2

In determining whether an item affixed to real property is a fixture, one of the factors to consider is the intention of the party attaching the item

Back 2

True

Front 3

A consideration in determining whether or not an object is a fixture includes the adaptation of the object

Back 3

True

Front 4

The sellers removed the attached microwave, which had NOT been excluded in the sale. The sellers are in breach.

Back 4

True

Front 5

An article that was once personal property but has been more or less permanently installed or attached to the land or a building is known as personal property

Back 5

False. Fixture

Front 6

A freestanding, custom-built bookcase would be considered personal property

Back 6

True. Key - freestanding

Front 7

Land is considered a liquid assest

Back 7

False. Because it can take time to sell, land is not considered liquid

Front 8

Fixtures are attached to the land

Back 8

False. To improvements

Front 9

Land is considered a fixture

Back 9

False. Fixtures are attached to improvements, which are attached to land

Front 10

Trade fixtures and emblements are personal property

Back 10

True

Front 11

A refrigerator would be considered a fixture

Back 11

False. Personal property

Front 12

Electrical wiring would be considered a fixture.

Back 12

True

Front 13

Trade fixtures would be considered a fixture

Back 13

False. Personaly property

Front 14

Custom-built, freestanding entertainment center would be considered a fixture

Back 14

False. Freestanding makes it personal property

Front 15

Plumbing and heating fixtures would be considered a fixture

Back 15

True

Front 16

Emblements would be considered a fixture

Back 16

False. Personal property

Front 17

Section 21 is directly south of section 14 in a township

Back 17

False. Section 23 is south of 14

Front 18

Fixtures are determined by the intent of the party attaching them

Back 18

True

Front 19

Trade fixtures automatically transfer with the property

Back 19

False. Do not transfer because they are personal property

Front 20

Plumbing and electrical wiring that is attached would automatically transfer with the property

Back 20

True. They are fixtures

Front 21

Fixtures, rights, benefits, and any other appurtenances are conveyed with a bill of sale.

Back 21

False. Deed

Front 22

A survey is important in revealing a zoning violation or an encroachment that is NOT public record

Back 22

True

Front 23

If a developer wants to establish home sites on vacant land that is within the city, he should subdivide the land by use of lot and block

Back 23

True

Front 24

A survey or improvement location certificate (ILC) would be used to locate setbacks and find encroachments

Back 24

True

Front 25

A township contains 640 acres

Back 25

False. A section contains 640 acres; a township contains 36 sections

Front 26

The multiple listing service files provide the BEST legal description of property

Back 26

False. Survey, deed or title work

Front 27

The BEST source of legal description is the land survey

Back 27

True

Front 28

The legal description of a lot with a new house in a platted subdivision should include the block and lot number

Back 28

True

Front 29

A metes-and-bounds description uses sections and townships as part of the description

Back 29

False. Feet and compass degrees.

Front 30

The US government survey method of description makes use of sections, meridians, and townships

Back 30

True

Front 31

The purpose of monuments is to locate historic sites

Back 31

False. Boundaries

Front 32

The method of legal description that utilizes plat maps is metes and bounds

Back 32

False. Lot and block

Front 33

A property description using monuments, degrees, feet, distances, and compass directions is metes and bounds

Back 33

True

Front 34

A developer must record the plat before acquiring building permits.

Back 34

True

Front 35

A legal description that uses direction and degrees is lot and block

Back 35

False. Metes and bounds

Front 36

After obtaining a plat map, the developer's second step is to sell the lots

Back 36

False. Record the plat map

Front 37

Legal descriptions may be based on an informal street address.

Back 37

False. They may e based on the goverment survey, metes and bounds, or a subdivision plat

Front 38

A land description that begins at a specific point and proceeds around the boundaries of a parcel by feet and compass degrees is an example of government survey

Back 38

False. Metes and bounds

Front 39

Base lines run east and west in a government survey

Back 39

True

Front 40

A section contains 160 acres

Back 40

False. 640 acres

Front 41

A metes and bounds legal description that does NOT return to the POB is imperfect

Back 41

True

Front 42

Metes and bounds legal descriptions should be listed in rods or name major highways to be correct/perfect.

Back 42

False. Needs to start and end at a POB

Front 43

Most metes and bounds descriptions will include a monument and a POB

Back 43

True

Front 44

Avulsion is the sudden loss of property but still maintains the property line

Back 44

True