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CPA- Reg > Real Property > Flashcards

Real Property Flashcards

1
Q

Types of ownership

A

Absolute fee simple

Defesable

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2
Q

Easement in gross

A

Utility easement

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3
Q

Fixtures

A 
Degree of attachment 
Degree of ownership
Damage upon removal 
Relationship to property 
Agreement of parties
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4
Q

Liens

A

Strict filing and time requirements

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5
Q

Transfer

A

Deed and in writing

Warranty

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6
Q

Deed recording rules

A

Race - first to record
Notice - last person who took title
Race/ notice

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7
Q

Mortgage

A

Need to be in writing
Description
Two party identified

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8
Q

Financing

A

Transferability

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CPA- Reg (6 decks)

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