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Exam (elaborations)

Maine - Real Estate Exam Prep with 100% Correct Answers |UPDATED|

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Maine - Real Estate Exam Prep with 100% Correct Answers |UPDATED| Fixture *Ans* An object that has been attached to land so as to become real estate. An article of personal property which has been installed in or attached to land or a building thereon, in such a manner that it is now considered to be a part of the real estate. Improvements *Ans* Beneficial attachments to raw land that increase its value or improve its usefulness. Meridians *Ans* Imaginary north-south lines which intersect base lines to form a starting point for the measurement of land. Metes and bounds *Ans* A detailed method of land description that identifies a parcel by specifying its shape and boundaries. Monument *Ans* An iron pipe, stone, tree, or other fixed point in making a survey. Personal Property *Ans* A right or interest in things of a temporary or movable nature Real Estate *Ans* Land, tenements, and appurtenances, whatever is made part of or is attached to it by nature or man; the land and all the improvements thereon. (Also real property) Recorded Plat *Ans* A subdivision map filed in the county recorder's office that shows the location and boundaries of individual parcels of land. Riparian Right *Ans* Owner's rights in land that borders on or includes a stream, river. Rights include access to and use of the water Appurtenance *Ans* Any right or privilege which belongs to and passes with land. Emblements *Ans* Crops nurtured in the year of the transfer or sale of the property. They are considered personal property. Littoral Rights *Ans* Owner's rights in land that borders a lake or sea. Doctrine of prior appropriation *Ans* The notion of giving a river's water to the 1st person who claimed it Bench Marks *Ans* a permanently affixed mark that establishes the exact elevation of a place; used by surveyors in measuring site elevations, or as a starting point for surveys .

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