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

Real estate license study > Chapter 5: What Is Real Estate? Key Terms Review Part 2 > Flashcards

Flashcards in Chapter 5: What Is Real Estate? Key Terms Review Part 2 Deck (12)
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1
Q

Incorporeal

A

Intangible eg. rent or right-of-way

2
Q

Land

A

The earth, including above.

3
Q

Littoral rights

A

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

4
Q

Mineral rights

A

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.

5
Q

Parcel

A

A specific tract of land.

6
Q

Personal property, personalty

A

Everything that is not real property.

7
Q

Real estate

A

Land, improvements, and bundle of rights.

8
Q

Real property, Realty

A

Synonyms for real estate.

9
Q

Riparian rights

A

The use of water by adjoining landowners.

10
Q

Reliction

A

The creation of dryland by the gradual withdrawal of water.

11
Q

Subsurface rights

A

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

12
Q

Trade fixture

A

Items removable by the tenant or tenants.

Decks in Real estate license study Class (32):