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Exam (elaborations)

Barney Fletcher Section 1 Questions with CORRECT Answers (Grade A+)

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Barney Fletcher Section 1 Questions with CORRECT Answers (Grade A+)

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Barney Fletcher Section 1 Questions with CORRECT
Answers (Grade A+)

Question 1:
Bundle of Rights
Answer:
the legal rights that accompany real property ownership.

Question 2:
Real Estate or Real Property
Answer:
Land, improvements, & legal rights of ownership

Question 3:
Appurtenance
Answer:
rights, privileges or improvements that belong to and pass with the transfer of property. Attaches to
land, not owner

Question 4:
Surface Rights
Answer:
right to control, occupy, and use the surface area of a parcel of real estate (the land), including the
building of improvements (real property), and the growing of crops (personal property).

Question 5:
Air Rights
Answer:
The right to use, control and occupy the space above a particular parcel of land.

Question 6:
Subsurface Rights
Answer:
rights to the earth located beneath the surface of the land

, Question 7:
Improvements
Answer:
Additions made to property that are intended to enhance its value

Question 8:
Fixtures
Answer:
Articles that were once personal property but have been affixed to real estate so as to become real
property

Question 9:
4 ways to test Fixtures
Answer:
1) Written agreement - most important 2) Method of Attachment 3)Adaptability 4) Relationship of the
Parties

Question 10:
Fructus Naturales
Answer:
Permanent plantings such as flowers, trees and bushes that are classified as real property

Question 11:
Water Rights
Answer:
The legal rights to use the water in a river, stream, or other body.

Question 12:
Navigable Waters
Answer:
Body of water that is used for commerce or transportation (example: Mississippi River)

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