Real Estate Test
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-test-6 379 478
Property T he Ri ghts or i nterest a person has i n a thi ng owned
T hat whi ch i s i mmovabl e by l aw
Real Property
E x: Land, F i xtures, E asements, Stock i n M utual Water Company
M ovi ng water (a brook, stream, ri ver or watercourse)
-Ri pari an owners owns the l and to the mi dpoi nt of the ri ver or stream. I f i t a
Ri pari an Ri ghts navi gabl e waterway, then the owner onl y owns the l and up to the waters edge.
*Real Property
Somethi ng i ncorporated i nto real property.
M -M ethod of Attachment or Annexati on
A-Agreement between parti es
R-Rel ati onshi p of parti es
F i xtures - M .A.R.I .A
I -I ntenti on of the parti es
A-and/or Adaptabi l i ty of the obj ect
E x: Swi mmi ng pool s, l oad beari ng wal l s)
, Real Estate Test
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-test-6 379 478
T hi ngs used wi th the l and f or i ts benef i t.
T hey run wi th the l and. Stock i n a mutual water company i s appurtenant to the
Appurtenances l and.
*I s consi dered Real Property
-General l y movabl e
E x: Leases, trade f i xtures, busi ness opportuni ti es, and most mobi l e-homes.
Personal Property
-M ost personal property i s transf erred wi th bi l l of sal e.
T he act of movi ng somethi ng attached to the l and. I t changes the status f rom real
Severance
property to personal property.
Burdens on property, i ncl udi ng money burdens
E x: Li ens, trust deeds, mortgage, taxes, j udgments)
E ncumbrances
-Buyers commonl y purchase encumbered property
-H omestead i s not an encumbrance
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-test-6 379 478
Property T he Ri ghts or i nterest a person has i n a thi ng owned
T hat whi ch i s i mmovabl e by l aw
Real Property
E x: Land, F i xtures, E asements, Stock i n M utual Water Company
M ovi ng water (a brook, stream, ri ver or watercourse)
-Ri pari an owners owns the l and to the mi dpoi nt of the ri ver or stream. I f i t a
Ri pari an Ri ghts navi gabl e waterway, then the owner onl y owns the l and up to the waters edge.
*Real Property
Somethi ng i ncorporated i nto real property.
M -M ethod of Attachment or Annexati on
A-Agreement between parti es
R-Rel ati onshi p of parti es
F i xtures - M .A.R.I .A
I -I ntenti on of the parti es
A-and/or Adaptabi l i ty of the obj ect
E x: Swi mmi ng pool s, l oad beari ng wal l s)
, Real Estate Test
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-test-6 379 478
T hi ngs used wi th the l and f or i ts benef i t.
T hey run wi th the l and. Stock i n a mutual water company i s appurtenant to the
Appurtenances l and.
*I s consi dered Real Property
-General l y movabl e
E x: Leases, trade f i xtures, busi ness opportuni ti es, and most mobi l e-homes.
Personal Property
-M ost personal property i s transf erred wi th bi l l of sal e.
T he act of movi ng somethi ng attached to the l and. I t changes the status f rom real
Severance
property to personal property.
Burdens on property, i ncl udi ng money burdens
E x: Li ens, trust deeds, mortgage, taxes, j udgments)
E ncumbrances
-Buyers commonl y purchase encumbered property
-H omestead i s not an encumbrance
