Chapter 1 Intro to Real Estate Flashcards Preview

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Flashcards in Chapter 1 Intro to Real Estate Deck (17):
1

Define appurtenant

Means ownership transfers with the land automatically without the need of a separate conveyance (runs with the land).

2

What do easements also allow?

Easements that allow the use of someone else's land, such as a driveway to enter your land, also how tin the land being sold if it is the only way to access the land.

3

Are minerals, oil and gas, when extracted personal or real property?

Personal property

4

Define emblements.

Emblements are planted growing crops that are cultivated annually by a tenant farmer on leased land.

5

Fixtures are items of personal property that are attached to, or incorporated into, the land in such a manner as to become real property. Define MARIA

Method of attachment
Adaptability
Relationship of the parties
Intention
Agreement

6

Three methods for property identification.

Metes and Bounds
Sections and Townships
Lots, Blocks and Tracts

7

Trade fixtures are always _____ property.

Persona property

8

Describe Metes and Bounds

Metes and Bounds is the method of identifying property by its boundaries, distances and angles from a given starting point.

9

Base Line

Horizontal, runs east to west.

10

Range

Base, 6 miles

11

Meridian line

Vertical lines that run north to south.

12

Township/tier

Meridian, 6 miles

13

Township lines divide the land into a series of east-west strips called ______.

Tiers

14

Range lines divide the land into north-south strips called _____.

Ranges

15

Township is when a ____ intersects a _____. So in total, it is ___ miles.

Tier, range, 36 miles

16

A section is one square mile of land consisting of _____ acres.

640 acres

17

In California, subdivisions are granted by the ____. And then approved by the country or city.

DRE