Real Estate Principles

Personal property that is permanently affixed to real property is called

A. Appurtenant
B. Encroachment
C. Trespassing
D. Fixture
Click the card to flip 👆
1 / 20
Terms in this set (20)
Personal property that is permanently affixed to real property is called

A. Appurtenant
B. Encroachment
C. Trespassing
D. Fixture
Fixture

*Fixtures: are items of personal property that are attached to, or incorporated into, the land in such a manner as to become real property. The courts use these 5 tests to determine if an item is a fixture:M 1. Method of attachmentA 2. AdaptabilityR 3. Relationship of the partiesI 4. IntentionA 5. Agreement
Appurtenant means the ownership of the item
A. is personal
B. is movable
C. is a crop
D. runs with the land
runs with the land

Ex. MUTUAL WATER COMPANIES are organized by water users in a given district to supply ample water at a reasonable rate. They are usually corporations in which the owner of each parcel of land are given a share of stock. The stock is appurtenant to the land; that is , each share of stock is attached to the land and cannot be sold separately.*Ex. Easements that allow the use of someone else's land, such as a driveway to enter your land, also go with the land being sold if it is the only way to access the land).
A section consists of how many acres?
A. 460
B. 320
C. 640
D. 230
640

Section = 640 acres1/2 Section = 320 acres1/4 Section = 160 acres
Which of the following is the smallest?
A. Two sections
B. Ten percent of a township
C. 4 square miles
D. 4 miles square
A. Two sections

One Section = 1 mile square, contains 640 acres.10% of a township = 3.6 miles(One TOWNSHIP = is six miles (36 sq. miles
A township contains:
A. one square mile
B. Six square miles
C. 36 square miles
D. 106 square miles
C. 36 square miles

One TOWNSHIP (standard) is six miles square (36 square miles
Approximately how many acres are there in a lot 1/2 mile by 1/2 mile?
A. 80
B. 160
C. 320
D. 5,280
160
Which of the following is NOT a test to determine whether an item is a fixture?
A. Relationship of the parties
B. Method of the attachment
C. Value of the item
D. Intent of the parties
C. Value of the item

Fixtures: items of personal property that are attached to, or incorporated into, the land in such a manner as to become real property. The courts use these 5 tests to determine if an item is a fixture:

M1 Method of attachment
A 2. Adaptability
R3 Relationship of the parties
I 4 Intention
A 5 Agreement
The term "bill of sale" is most commonly associated with:
A. Real property
B. Immovable property
C. Personal property
D. Deed transfer
Personal property

The "bill of sale" states that the goods have been paid for and that no outstanding loans exist on the personal property
Which of the following is NOT a method of creating real property?
A. Bolt it down
B. Cement it down
C. Plug it in
D. Nail it down
Plug it down

Remember MARIA)Method of Attachment:If an item can be removed by simply being unplugged, it is probably personal property.
The United States Government Survey System has to do with:
A. Metes and bounds
B. Zoning, taxing, and polling
C. Sections and townships
D. Lots, blocks, and tracts
Sections and townships

Sections and Townships (U.S. Government Survey--Rural)
Trade Fixtures are: A. Removable B. Forms of business furniture C. Personal Property D. ALLALL TRADE FIXTURES: are personal property used in the normal course of business, such as shelving or refrigeration units. A tenant may remove any trade fixture he or she installed provided the real property is left in the same condition as he or she found it. In this sense, trade fixtures are an exception to the rules of personal propertyEmblements are usually: A. Growing crops B. Cultivated annually C. On leased land by tenant farmers D. ALLALL Emblements: are planted growing crops that are cultivated annually by a tenant farmer on leased land.Unlike landscaping, these crops belong to the tenant even after the expiration of the lease).(* If previously contacted for sale, the "fruit" of a commercial orchard may be personal property, but the trees upon which it grows are real propertyHow many sections are in a townships? A. 640 B. 36 C. 320 D. 636 Each township is divided into 36 sections. A SECTION is one square mile of land consisting of 640 acres. There are 36 sections in a townshipA "bill of sale" transfers the title to: A. Real property B. Heirs C. Immovable items D. Personal propertyPersonal property The ownership of personal property is transferred with a "bill of saleWhich system may be used for legal description purposes? A. U.S. Government survey B. Metes and bounds C. Lot, block, and tract D. ALLALL *The following three methods are accepted as means of property identification:1. Metes and Bounds (Surveyor's Maps - Irregular Parcels)2. Sections and Townships (U.S. Government Survey - Rural)3. Lots, Blocks, and Tracts (Recorded Subdivision - Cities)The rights and interests that a person has in the thing owned is the definition of: A. wealth B. Property C. Debt D. NoneProperty this is defined as the "rights and interests that a person has in the thing owned"One acre equals: A. 43,560 Sq ft B. 4,840 Sq ft C. Neither a nor b D. Either a or bEither a or b One acre is 43,560 sq ft; 4,840 sq yardsA farm 6 miles square has many townships? A. 1 B. 6 C. 36 D. 721 One TOWNSHIP (standard) is six miles square (36 square milesReal property is best described as: A. Movable B. Anything of value C. Things we own D. ImmovableImmovable Real Property is "immovable" by lawRanges are 6 mile increments measured (and described) from the north-south meridian running: A. East B. East and West C. West D. North and SouthNorth and South The north-south lines (running parallel to the principal meridian)are referred to as RANGE LINES