Chapter 5: What Is Real Estate? Key Terms Review Part 2

Question 1

Incorporeal

Answer 1

Intangible eg. rent or right-of-way

Question 2

Land

Answer 2

The earth, including above.

Question 3

Littoral rights

Answer 3

refers to rights concerning properties that abut an ocean, bay, delta, sea or lake, rather than a river or stream (riparian).

Question 4

Mineral rights

Answer 4

Subsurface rights.
It is the right of the owner to exploit, mine, and/or produce any or all of the minerals lying below the surface of the property.

Question 5

Parcel

Answer 5

A specific tract of land.

Question 6

Personal property, personalty

Answer 6

Everything that is not real property.

Question 7

Real estate

Answer 7

Land, improvements, and bundle of rights.

Question 8

Real property, Realty

Answer 8

Synonyms for real estate.

Question 9

Riparian rights

Answer 9

The use of water by adjoining landowners.

Question 10

Reliction

Answer 10

The creation of dryland by the gradual withdrawal of water.

Question 11

Subsurface rights

Answer 11

Ownership of minerals, oil, and anything under the ground.

Question 12

Trade fixture

Answer 12

Items removable by the tenant or tenants.