Unit 1 – Real Property Characteristics, Legal Descriptions, and Property Use Buildings, trees, fences and easement are? Elements of personal property Elements of real property Fixtures Chattels Real Emblements are? Fructus Naturales Fructus Industriales Chattels Real Always Real Property The land, improvements and benefits that transfer with the land all are? Fixtures Emblements Personal Property Real Property Chattel is more commonly referred to as? Real Property Mortgage Fixtures Personal Property What is an example of real property? Improvements Horses Annual Crops Fructus Industriales Turning Real Property into Personal property is called? Appurtenances Severance Annexation Emblements Which one of these is not fixtures? Chandelier Ceiling Fan Window AC Unit Wall Mounted AC Unit Which of the below appropriately defines a Fixture? New light fixture in a sealed box Fructus Industriales AC Compressor delivered, but not installed Functioning Water Heater What are the four tests of a fixture? Agreement, Intent, Attachment, Adaptability Attachment, Inclusion, Acknowledgement, Accessability Agreement, Intent, Accepted, Accessibility Agreement, Initial, Annexation, Accessibility Trade Fixture is used as part of a ________________ and is generally removed when the ________________ has ended or the property is sold. Business, Vacation Acquisition, Tenancy Business, Tenancy Business, Joint Custody What is the ownership right relating to an underground resource such as oil? Water Rights Littoral Rights Mineral Rights Minimal Rights Which of the following would apply if a buyer received Riparian Rights tied to their purchase? They bought a home on Paddock Lake They bought a home on the Fox River They bought a home on Lake Michigan They bought a Property off of 60th Ave at 75th St Which of the following would not apply if someone has Littoral Rights tied to their home? They bought a home on Hooker Lake just south of Paddock Lake The remodeled their historic home located on Lake Michigan They bought a home on the Fox River They near Cross Lake and belong to the lake association Erosion differs from Avulsion in the following way: Avulsion is gradual loss where Erosion is sudden loss Avulsion is sudden loss where Erosion is gradual loss Avulsion relates to flowing water where Erosion relates to non-flowing water Avulsion is sudden addition where Erosion is gradual addition Characteristics of Real Property are broken down between _____________________ and _____________________ . Dominant, Servient Economic, Physical Fixture, Trade Fixture Location, Uniqueness What is generally considered to be one of the most important characteristics to a buyer when purchasing a home? Windows placement Soil composition Elevation below see level Location " LOT 115 PFENNIG'S SOUTHERN ADD PT OF NW 1/4 SEC 7 T 1 R 23 " is an example of? Metes and Bounds Government Survey Lot, Block and Tract Coordinates provided to Marty by Doc Brown " MOL " will usually be referenced in which type of legal description? Lot, Block, and Tract Point of Beginning Government Survey Metes and Bounds Point to Point or Point of Beginning may reference what type of legal description? Government Survey Metes and Bounds Lot, Block, and Tract Boundary & Township Lines How many sections are in one township? 30 36 640 52 One Township is equal to? 43,560 Sq. Ft. 6 miles square 36 acres 36 miles square Downzoning is described as? Rezoning to less restrictive zoning on a property Rezoning to a more restrictive zoning on a property Restrictions on the development of natural or agricultural areas A permitted exception to the existing zoning of a property Rezoning to less restrictive zoning on a property is called? Cluster Zoning Spot Zoning Inclusive Zoning Upzoning Homeowners Associations (HOAs) are a type of? Public Control Laches Restrictive Covenant Encroachment Homeowners Associations (HOAs) are intended to be ________________ and governed by ________________. Non-voluntary, those within the association beneficial, those within the association beneficial, municipal inspectors beneficial, property managers If you wait until your neighbor has finished building a fence that violates HOA restrictions and then bring action against them, the courts may not enforce the action due to? Ad Valorem Caveat Emptor Pastel De Tres Leches Laches The one who benefits from an easement on a property over another is referred to as? Servient Tenement Public Control Dominant Tenement Encroachment The one who gives land in the easement process is also known as? Homeowners Association Dominant Tenement Beneficiary Servient Tenement An easement that does not benefit a specific person or entity is called? View Easement Easement in Gross Conservation Easment Easement by Necessity What do you need in order to temporarily access someone's land for a specific purpose? Encroachment Affirmative Easement License Nuisance Easement View ResultsPlease provide your contact information to proceed.Email Address *First Name *Last Name *Consent *Yes, I agree to not release or share any questions or answers from this quiz with any current or future students of SENSIBL Real Estate Academy. Additionally, I agree with the privacy policy and terms and conditions.Submit
