The phrase "bundle of legal rights" is properly included in
the definition of real property.
Which of the following is NOT included in one’s right to control their property?
The right to exclude the utilities’ meter reader
According to law, a trade fixture is.
personalty. Personalty is personal property which is not real property
M is interested in a house that fits most of her needs, but it is located in a busy area where she is not sure where she wants to live. Her concern about the property's location is called
area preference.
Which of the following is NOT meant by the word “improvement”?
Trade fixtures
Real property can become personal property by
severance.
Which of the following is NOT a physical characteristic of land?
Scarcity, improvements, permeance of Investment, Area of preference
Generally, personal property can be distinguished from real property by its
mobility is a characteristic of personal property .
This is NOT be considered to be an improvement because it is personal property .
Crops are personal property
T leases store space to K for a restaurant, and K installs his ovens, booths, counters and other equipment. When do these items become real property?
When the lease expires
The geographic location of any parcel of land
can be changed only under certain legal circumstances.
An example of , the term improvements when referring to real estate would include
sidewalks.
Which of the following is NOT a test or determining a fixture?
Size of the item
The owner of a house wants to fence the yard for her dog. When the fence is erected, the fencing materials are converted to real estate by
annexation.
The physical characteristics of land include which of the following?
Uniqueness, Indestructible and Immobile
The rights of ownership of real property do NOT include the right of
compatibility.
Which of the following is considered to have the greatest impact on the value of a property?
Area of preference
The numbering of sections in a township begins in the section in the
northeast corner and then runs westerly.
A township contains how many sections
36 sections.
Strips of land six miles wide that run north and south are called
ranges.
A metes and bounds legal description
must commence and finish at the same identifiable point.
Real property can become personal property by
severance.
Generally, personal property can be distinguished from real property by its
mobility a characteristic of personal property
This would NOT be considered to be an improvement because it is personal Property:
Crops - Are personal Property
T leases store space to K for a restaurant, and K installs his ovens, booths, counters and other equipment. When do these items become real property?
When the lease expires
Legally, the term improvements when referring to real estate would include
sidewalks.
Which of is NOT a test or determining a fixture?
Size of the item
The owner of a house wants to fence the yard for her dog. When the fence is erected, the fencing materials are converted to real property by
annexation.
The rights of ownership of real property do NOT include the right of
compatibility.
Which of the following is considered to have the greatest impact on the value of a property?
Area preference
The numbering of sections in a township begins in the section in the
northeast corner and then runs westerly.
A township contains
36 sections.
Strips of land six miles wide that run north and south are called
ranges.
A metes and bounds legal description
must commence and finish at the same identifiable point.