Chapter 5: What Is Real Estate? Key Terms Review Part 1 Flashcards Preview

Real estate license study > Chapter 5: What Is Real Estate? Key Terms Review Part 1 > Flashcards

Flashcards in Chapter 5: What Is Real Estate? Key Terms Review Part 1 Deck (13)
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1
Q

Accretion

A

An increase of land caused by the gradual depositing of solid material.

2
Q

Air rights

A

The rights to use the air above the land which may be sold or leased independently of the land itself.

3
Q

Alluvion

A

The solid material deposited by a body of water

4
Q

Avulsion

A

The sudden change of the course of a stream.

5
Q

Bundle of rights

A

Possession, control, enjoyment, and so on.

6
Q

Chattels

A

Tangible personal property

7
Q

Corporeal

A

Tangible

8
Q

Devise

A

To leave real estate to someone by Will.

9
Q

Emblements

A

Annual crops

10
Q

Erosion

A

The opposite of accretion. Taking away part of the land due to natural occurrences.

11
Q

Fixture

A

An article that was once personal property but attached as to make it real estate.

12
Q

Hereditament

A

Anything that can be inherited.

any item of property, either a corporeal hereditament (such as land or a building) or an incorporeal hereditament (such as a rent or a right of way).

13
Q

Improvement

A

Manufactured attachments to land.

Decks in Real estate license study Class (32):