Nature, Description And Rights In Land

Question 1

The SW 1/4 of the SW 1/4 of section 6 and the NW 1/4 of the NW 1/4 of section 7 contains how many acres?

Answer 1

80

640 acres in a section.

Question 2

How many acres in a section?

Answer 2

640

Question 3

A meters and bounds must have what?

Answer 3

Starting point
Ending point
Measurements

Question 4

Characteristics or Real Estate

Answer 4

Scarcity
Situs
Improvements
Immobility 
Indestructibility
Uniqueness

Question 5

What term is a test that determines whether an item is personal property or a fixture

Answer 5

Annexation

Question 6

With HOMESTEAD; how much money is exempt from taxation?

Answer 6

25k - 50k

Question 7

What kind of property is exempt from property taxes ?

Answer 7

Church

Question 8

The creditor of which type of delinquent debt cannot force dale of residence under homestead?

Answer 8

Judgement lien or credit card debt

Question 9

What is the governments right to enact and enforce land use restrictions

Answer 9

Police power

Question 10

Special assessments are charged to

Answer 10

The benefiting property owners

Question 11

Final process by which the government takes the title to property when an owner dies without heirs

Answer 11

Escheat

Question 12

Home designed and built for owner on their lot is a ?

Answer 12

Custom home

Question 13

Board enacted restrictions specifying acceptable uses and density

Answer 13

Zoning ordinances

Question 14

What type of tenancy has a specific ending date?

Answer 14

For years

Question 15

Type of lease that has no expiration date?

Answer 15

Tenancy at will

Question 16

A township has how many square miles

Answer 16

36

Question 17

How many feet in an acre?

Answer 17

43560

Question 18

Definition of real estate

Answer 18

Buildings
Substance below the surface
Airspace above the land

Question 19

A freestanding refrigerator is an example of ?

Answer 19

Personal property

Question 20

Simplest way to divide large parcel land into smaller lots

Answer 20

Recorded plat/lot and block

Question 21

Another term for recorded plat

Answer 21

Lot and block

Question 22

A document used to record a subdivision of land

Answer 22

Plat

Question 23

What can be done with mineral rights?

Answer 23

Can be reserved by seller if buyer agrees

Question 24

A property description using monuments, distances, and compass directions

Answer 24

Metes and bounds

Question 25

Article that was once personal property but is now permanently attached to the building

Answer 25

Fixture

Question 26

The government survey system starting point if where?

Answer 26

Tallahassee meridian and baseline

Question 27

Economic characteristic that refers to a group being attracted to a certain location due to economic conditions

Answer 27

Situs

Question 28

How are sections numbered ?

Answer 28

1-6 snaked down 7-12 and so on

Question 29

Opposite of N 27 E using metes and bounds

Answer 29

S 27 W

Question 30

Tallahassee principal meridian runs which direction?

Answer 30

North/South

Question 31

Tallahassee baseline runs what direction

Answer 31

East/West

Question 32

When Numbering sections #1 begins where?

Answer 32

Too right

Question 33

What type of classification is NOT established by municipal zoning

Answer 33

Architectural

Question 34

No conforming means?

Answer 34

Property not complying with zoning requirements

Question 35

Value of property established for property tax purposes

Answer 35

Assessed value

Question 36

Useful asset life for residential property

Answer 36

27.5

Question 37

Useful asset life for NON residential property

Answer 37

39 years

Question 38

When property taxes are delinquent the government collects money by auctioning

Answer 38

Property tax certificate

Question 39

If zoning causes hardship to property owner, what can be issued ?

Answer 39

A variance

Question 40

A major employer in the area can be known as what type of industry?

Answer 40

Base industry

Question 41

Taking with just compensation or taking private land for public use

Answer 41

Eminent domain

Question 42

If the project will impact the environment, what must be submitted

Answer 42

Environmental impact statement

Question 43

A comprehensive plan can also include

Answer 43

Zoning ordinances

Question 44

T/F members of a local planning commission are mostly residential planning professionals

Answer 44

False

Question 45

What happens to a lease when the property undergoes eminent domain

Answer 45

Terminated

Question 46

IRS and federal tax deductions can apply to two things

Answer 46

Property tax | Mortgage interest

Question 47

T/F. Reserves for replacement are NOT deductible tax for commercial residence

Answer 47

True

Question 48

Distance between boundaries and improvers

Answer 48

Setback

Question 49

Eminent domain is also called

Answer 49

Condemnation