Oregon Real Estate Law (100% Accurate)

2 types of property ownership correct answers personal property real property boundaries within a parcel and one of the basic components of real property correct answers land land and anything permanently affixed to the land (fixtures) correct answers real estate includes land, fixtures attached to the land, rights and privileges associated with the land, and any appurtenance (attached right or property) associated with the land correct answers real property include: air rights water rights mineral rights oil rights surface rights correct answers appurtenances included with the title to the real estate. the person, trust, or corporation that holds title (ownership) to property has all the rights granted an owner by local government. this person is recorded as the title holder with the county in which the property is located. correct answers bundle of rights the right to occupy and use the land as desired/subject to local government regulations (zoning)/included in the bundle of rights correct answers right to possession/occupy owner has the right to enjoy the land and this nor the intended use of the land cannot be taken away/included in the bundle of rights correct answers right to enjoyment the right to build, develop, and expand owned property/local governments have a say in this/federal government can get involved/included in the bundle of rights correct answers right to control/develop owners can sell their property and grant title to another/government can prevent the sale of property/included in the bundle of rights correct answers the right to sell the right to give property away/sell off portions of property/prevent trespassing/included in the bundle of rights correct answers the right to disposition and exclusion the right to obtain a loan with a lien on the property (mortgage), owner contract, or deed of trust/included in the bundle of rights correct answers the right to finance property the right to grant use of the land to others/included in the bundle of rights correct answers right to the use of land