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Chapter 3 Test

Enter the letter for the matching Answer
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1.
Although the constitution guarantees private ownership of real estate_________?
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2.
Man-made structures attached to land are called?
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3.
what are riparian rights?
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4.
what do subsurface rights apply to?
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5.
What is a parcel/tract of land?
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6.
apart from land, what else does real estate include?
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7.
what does The Environmental Protection Agency do?
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8.
What are the two classifications of property?
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9.
how is land non-heterogenous?
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10.
what are trade/chattel fixtures?
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11.
the federal government is primarily concerned with what when regulating real property rights?
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12.
what are littoral rights?
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13.
To understand real estate rights and interests, one must first recognize distinction between:
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14.
what is factory-built housing?
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15.
what does the phrase "permanently attached" refer to?
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16.
what is tangible property? what are some examples?
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17.
Private ownership rights in the U.S are not absolute. True or False
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18.
what level of government focuses on land use control, control of improvements, and taxation?
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19.
If you can't identify if a property is real or personal through attachment criterion. One can apply?
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20.
what is intangible property? What are some examples in personal property?
A.
establishes protective usage restrictions and guidelines for dealing with hazardous materials and other environmental concerns
B.
no two parcels of land are exactly the same. Ex: location
C.
a portion of land delineated by boundaries
D.
improvements Ex: fences, streets, wells, sidewalks.
E.
Intention, adaptation, functionality, relationship of parties, and sale or lease contract provisions.
F.
physical, visible, and material. (something you can touch) real property: all types are tangible personal property: boat, car, jewelry.
G.
County and local government regulation, control how all property within the jurisdiction may be developed, improved, demolished, and managed.
H.
concern properties abutting moving water. navigable or not determines if the owner owns the land beneath the steam to its midpoint. Ex: streams and rivers if non navigable- owner owns it
I.
laws and regulations at every level of government qualify and limit individual real property ownership and the bundle of rights associated with it.
J.
broad standards of real property usage, natural disaster, land description, and discrimination.
K.
true
L.
abstract, has no physical existence yet it has evidence of one's ownership. Ex: stock, certificate, contract, etc
M.
-land and real estate -real estate and property -real property and personal property
N.
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.
O.
one's intention in attaching the item
P.
real property and personal property
Q.
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.
R.
fences, streets, buildings, wells, sewers, sidewalks, etc.
S.
concern properties abutting bodies of water that are NOT moving. Navigable non-moving body of water is public property but can be used by the owner of the property.
T.
items of a tenant's personal property that the tenant has temporarily affixed to a landlords real property in order to conduct business. Ex: a grocer's food freezers
Type the Question that corresponds to the displayed Answer.
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21.
the conversion of real property to personal property ny detaching it from the real estate. Ex: cutting down a tree
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22.
The classification of an item of property as real or personal is not necessarily fixed. The classification may be changed by the process of conversion
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23.
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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