Real Estate Principles Quiz
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Questions and Answers

Which of the following is considered real property?

  • Rose bushes planted in yard (correct)
  • Chandelier in front hall
  • Stove and refrigerator (free standing)
  • Mahogany chest in dining room

    • Personal property is considered to be that which is immovable.

    False

    What is the primary distinction that determines whether items are considered real property or personal property?

    The distinction between real property and personal property.

    _____ includes the land and the rights associated with it.

    <p>Real property</p> Signup and view all the answers

    Match the following items with their classification (real property or personal property):

    <p>Wall-to-wall carpeting = Real property Portable dishwasher = Personal property Built-in bookcases = Real property Free-standing stove = Personal property</p> Signup and view all the answers

    Under what condition would personal property be included in the sale of a house?

    <p>If the seller and buyer agree to include it</p> Signup and view all the answers

    All rights in a landowner's bundle of rights are absolute and cannot be restricted.

    <p>False</p> Signup and view all the answers

    What is included in real property during a sale?

    <p>Everything considered part of the real property is transferred to the buyer, unless otherwise agreed.</p> Signup and view all the answers

    Which of the following is an implicit inclusion in a transfer of real property?

    <p>Mineral deposits underneath the land</p> Signup and view all the answers

    A legal description of property is not necessary when purchasing land.

    <p>False</p> Signup and view all the answers

    Which of the following best defines real property?

    <p>Land and anything attached to it</p> Signup and view all the answers

    What does property refer to in its broadest sense?

    <p>Rights or interests one has in something that is owned</p> Signup and view all the answers

    A township contains _____ square miles.

    <p>36</p> Signup and view all the answers

    Personal property refers to items that are immovable.

    <p>False</p> Signup and view all the answers

    What are appurtenances in relation to real property?

    <p>Rights or interests that accompany ownership of land.</p> Signup and view all the answers

    Why is it important to have a legal description in a property purchase contract?

    <p>It is necessary for title searches.</p> Signup and view all the answers

    A __________ right allows a landowner to use the airspace above their property.

    <p>air</p> Signup and view all the answers

    Match the following terms with their definitions:

    <p>Township = An area of 36 square miles Easement = A right to cross or use someone's land Trade fixture = An item installed for a tenant's business Real property = Land and anything permanently attached to it</p> Signup and view all the answers

    What are the two systems for allocating water rights?

    <p>Riparian rights and appropriative rights</p> Signup and view all the answers

    A permanent structure can be removed by the tenant upon their departure.

    <p>False</p> Signup and view all the answers

    What is meant by 'riparian rights'?

    <p>Rights related to the water source adjacent to the land.</p> Signup and view all the answers

    Appurtenances can be sold separately from the land.

    <p>True</p> Signup and view all the answers

    Real property includes the __________ to possess and sell the property.

    <p>right</p> Signup and view all the answers

    Match the following types of appurtenances with their definitions:

    <p>Air Rights = Right to use airspace above property Water Rights = Rights related to surface or subsurface water Mineral Rights = Rights to minerals beneath the land Support Rights = Rights to structural support from adjacent properties</p> Signup and view all the answers

    What takes precedence in the event of discrepancies in property descriptions?

    <p>Monuments</p> Signup and view all the answers

    Government lots are always square sections of land.

    <p>False</p> Signup and view all the answers

    How many sections are in a township?

    <p>36</p> Signup and view all the answers

    A recorded map method describes property by mapping the boundaries of lots and blocks on a __________.

    <p>plat map</p> Signup and view all the answers

    What is the primary function of range lines in government survey descriptions?

    <p>They divide land into columns called ranges.</p> Signup and view all the answers

    Each township in a government survey contains 36 sections that are one square mile each.

    <p>True</p> Signup and view all the answers

    Match the method of land description with its characteristics:

    <p>Government survey method = Grid of lines established by federal surveyors Recorded map method = Describes boundaries on a plat map Elevation description = Describes property above ground level Other methods = Referencing existing public records</p> Signup and view all the answers

    In which method is land primarily described by township tiers and range lines?

    <p>Government survey method</p> Signup and view all the answers

    How many acres are there in one section?

    <p>640 acres</p> Signup and view all the answers

    A street address is always considered an adequate legal description.

    <p>False</p> Signup and view all the answers

    A township in a government survey is __________ square miles.

    <p>36</p> Signup and view all the answers

    Match the following terms with their correct definitions:

    <p>Principal Meridian = Main north-south line Base Line = Main east-west line Range Lines = North-south lines dividing land into columns Township Lines = East-west lines dividing land into rows</p> Signup and view all the answers

    What is the purpose of a datum in legal descriptions?

    <p>To establish a plane of elevation</p> Signup and view all the answers

    How wide is each range in a government survey?

    <p>6 miles</p> Signup and view all the answers

    A section in a government survey can be represented as a fraction.

    <p>True</p> Signup and view all the answers

    What are the grid lines in a government survey that run parallel to the principal meridian called?

    <p>Range lines</p> Signup and view all the answers

    Which of the following methods includes the name of the principal meridian?

    <p>Government survey method</p> Signup and view all the answers

    A recorded map method must include the section, township, and range.

    <p>False</p> Signup and view all the answers

    What is the standard method for describing property in towns and cities?

    <p>Recorded map method</p> Signup and view all the answers

    A ______ shows lots and blocks in a subdivision.

    <p>plat</p> Signup and view all the answers

    Match the following land description methods with their characteristics:

    <p>Metes and bounds method = Uses physical features and distance measurements Government survey method = Includes section, township, range, and principal meridian Recorded map method = Involves lot and block numbers within a subdivision Other methods = Can include general descriptions or references to earlier documents</p> Signup and view all the answers

    What typically happens when land is subdivided?

    <p>A map is recorded showing the subdivision.</p> Signup and view all the answers

    Street addresses and tax numbers are usually adequate for property identification.

    <p>False</p> Signup and view all the answers

    What is typically included in a documented plat map?

    <p>Lot and block numbers, name of subdivision, county or city</p> Signup and view all the answers

    Study Notes

    Learning Objectives

    • Students will be able to define real property and distinguish it from personal property
    • Students will be able to explain the concept of an appurtenance to real property
    • Students will be able to list the five main types of appurtenant rights
    • Students will be able to contrast riparian and appropriative water rights systems
    • Students will be able to describe natural attachments and understand the circumstances under which they are transferred with real property
    • Students will be able to discuss the tests used to determine whether an item is a fixture or personal property
    • Students will be able to summarize the special rules that apply to trade fixtures or mobile homes
    • Students will be able to compare the three major methods of land description and recognize examples of each

    Suggested Lesson Plan

    • Briefly describe Chapter 1, "The Nature of Real Property," and review the objectives of the chapter.
    • Use Exercise 1.1 to generate interest and check baseline understanding of the topics.

    Real Property

    • Real property includes the land, anything permanently attached to it, and anything associated with the land
    • Personal property is movable property, not permanently attached to land

    Appurtenances

    • Rights or interests associated with property ownership, including air, water, mineral, and support rights
    • Air rights are rights to utilize the space above the land
    • Water rights differ depending on the location of the water—riparian rights are associated with flowing water, while appropriative rights are from the government
    • Mineral rights allow the extraction of resources from below the surface
    • Oil and gas rights apply to moving resources
    • Other appurtenances include easements and restrictions

    Attachments

    • Natural attachments such as roots/bushes/trees are considered real property
    • Man-made attachments are fixtures, initially personal property
    • Fixtures become part of the real property when permanently attached
    • Five tests determine if an item is a fixture: method of attachment, adaptation, relationship of parties, intention of annexor, and written agreement
    • Trade fixtures are attached by tenants to conduct business—they become personal property at the end of the lease unless agreed upon

    Mobile Homes

    • Mobile homes are personal property until permanently attached to land
    • Certification as real property is required for transfer

    Land Description

    • Metes and bounds: uses distances and directions to describe property boundaries
    • Government survey: uses sections, townships, and ranges in land survey systems
    • Recorded map: descriptions are from recorded plats, showing lots and blocks within subdivisions

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    Related Documents

    The Nature of Real Property PDF

    Description

    Test your knowledge on the distinctions between real property and personal property with this quiz. It covers concepts such as the bundle of rights, appurtenances, and conditions related to property sales. Perfect for real estate students and enthusiasts!

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