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rights in real estate

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
what is a simple definition for real estate?   show
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show privately by individuals, private entities or publicly by government entities.  
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show true  
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What can the government and other private parties do to ones property?   show
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To understand real estate rights and interests, one must first recognize distinction between:   show
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the legal concept of land encompasses:   show
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what does land include?   show
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show a portion of land delineated by boundaries  
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what are the 3 physical characteristics of land?   show
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show a parcel of land can't be moved from one site to another. Geographical location of land is fixed and cannot be changed.  
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show land is permanent, would have to remove a segment of the planet down to the core to destroy it.  
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show no two parcels of land are exactly the same. Ex: location  
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What does the legal concept of real estate encompass?   show
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apart from land, what else does real estate include?   show
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show improvements Ex: fences, streets, wells, sidewalks.  
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show one's intention in attaching the item  
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show something that is owned by someone. And a set of rights to the item enjoyed by the owners. (bundle of rights)  
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show possess, encumber, use, exclude, transfer  
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what rights come with owning property?   show
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What are the two classifications of property?   show
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show ownership of real estate and the bundle of rights associated with owning the real estate  
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what is personal property (chattels/personalty)?   show
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show physical, visible, and material. (something you can touch) real property: all types are tangible personal property: boat, car, jewelry.  
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what is intangible property? What are some examples in personal property?   show
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all real estate is tangible property. True or False   show
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show the individual components of real estate  
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what are the individual components of real estate?   show
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what is a good example of the transfer of a portion of one's bundle of rights?   show
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show the real estate contained within the surface boundaries of the parcel. ex: ground, natural things attached to ground, and all improvements.  
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show the space above the surface boundaries of the parcel, extends to infinity. modified to allow aircraft to fly over property.  
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show land beneath the surface of the real estate parcel. Extending from surface boundaries downward to center of earth. ex: right to extract minerals, gas, and subsurface water.  
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show concern rights to own and use water found in bodies of water. Determines where parcel boundaries can be fixed.  
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show whether the: -state controls the water -water is moving -water is navigable  
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show legal position that requires property owners to obtain permits for use of water.  
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show under the 2 common law doctrines of: -littoral rights -riparian rights  
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what are littoral rights?   show
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what are riparian rights?   show
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show True  
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How can you identify if a property is personal or real?   show
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what is a fixture?   show
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show Intention, adaptation, functionality, relationship of parties, and sale or lease contract provisions.  
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what are trade/chattel fixtures?   show
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show plants and crops that grow naturally without requiring labor/ machinery.  
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show plants and crops that require human intervention and labor. are considered personal property.  
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show dwelling units constructed off-site and transported to and assembled on a building site. Ex: Mobile home and manufactured housing Can be considered real or personal property depending on whether it is permanently affixed to the ground.  
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What is conversion?   show
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show the conversion of real property to personal property ny detaching it from the real estate. Ex: cutting down a tree  
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what is affixing/attachment?   show
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what are examples of real property?   show
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show trade fixtures, emblements, and conversion by severance  
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show laws and regulations at every level of government qualify and limit individual real property ownership and the bundle of rights associated with it.  
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What are the 6 aspects of real property interests that government entities regulate?   show
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show broad standards of real property usage, natural disaster, land description, and discrimination.  
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show the Federal Housing Administration  
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show establishes protective usage restrictions and guidelines for dealing with hazardous materials and other environmental concerns  
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what does the Federal Fair Housing Act of 1968 do?   show
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show the State government because it establishes real estate license laws, and qualification Most importantly exert regional influence in the usage and environmental control of real estate within the state. Ex: flood zones, waste disposal, drainage control  
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what level of government focuses on land use control, control of improvements, and taxation?   show
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show The judicial system exerts an influence on real estate ownership and use through decisions based on case law and common law  
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what is case law?   show
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show the collective body of law deriving from custom and generally accepted practice in society.  
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