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Question 1

What happened in 1650

Answer 1

King Edward of England gave lords right pass land to heirs, Lords now owners no longer tenants, Serfs become tenants

Question 2

Who owns the land?

Answer 2

federal government, state governments, local governments, private citizens in all forms

Question 3

Who is the biggest land owner in America?

Answer 3

The federal Government

Question 4

Government rights in private land

Answer 4

Property taxes to fund government services and activities, Eminent domain take from one for the benefit of many, police power to enforce rules, escheat to deal with abandoned properties and protect the community

Question 5

define encumbrances

Answer 5

any claim, right lien estate or liability that limits fee simple title. Examples easements, mortgages, other types of liens

Question 6

Define Easements

Answer 6

Right to use land consistent with general purpose of land

Question 7

define dower

Answer 7

right to married woman to husband’s property if he dies while they are married

Question 8

Common law

Answer 8

derived from usage and custom over many years. Court decisions reinforce and define common law.

Question 9

Statutory law

Answer 9

is law enacted by legislative bodies

Question 10

How long do you have to be an apprentice before you can practice real estate on your own?

Answer 10

5 Years