Principles of Louisiana Real Estate Unit 1
National Portion. Exam Questions And
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Land - Answer✔Earth's surface extending downward to the center of the earth
real estate - Answer✔Also called "real property," it is land and anything permanently attached
to the land, such as buildings, fences and items that are attached to the buildings.
improvements - Answer✔Changes or additions made to a property, such as walls or roads, and
so on. These typically increase the value of a property, except in some cases of over
improvement.
real property - Answer✔land , interests, benefits and rights inherent in real estate ownership
chattels - Answer✔Personal property
Bill of Sale - Answer✔A written instrument which passes title of personal property from seller
to buyer
Severance - Answer✔1. Termination of joint tenancy. 2. The permanent removal of a natural
attachment, fixture, or appurtenance from real property, which transforms the item into
personal property
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Fixture - Answer✔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 part of the real
estate.
Adaptation - Answer✔the the article is adapted to the building
trade fixture - Answer✔a fixture placed for business purposes
accession - Answer✔the law that allows transfer or trade of a fixture
emblements - Answer✔Farm pants and other plants that are grown and harvested annually
immobility - Answer✔A physical characteristic of real estate referring to the fact that real
estate can't move from one place to another.
situs - Answer✔area preference that refers to people's choices and desire for a given area
encumbrance - Answer✔A claim, charge, or liability that attaches to and is binding on real
estate.
lien - Answer✔A right, given by law, whereby a creditor may satisfy a debit out of the proceeds
of the sale of real or personal property belonging to the debtor; an encumbrance usually
naming property as security for payment of a debt or for the discharge or obligation
lis pendens - Answer✔A legal document giving constructive notice that an action at law is
pending.
mechanic's lien - Answer✔A lien which exists against real property in favor of persons who have
performed work or furnished material for the improvement of real estate
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deed restriction - Answer✔Provisions in a deed that restrict use of the property, and which may
be either covenants or conditions.
easement - Answer✔A right, privilege, or interest in which on party has in the land of another.
dominant tenement - Answer✔An estate attached to and benefiting from the servient estate,
e.g., an easement runs over the servient estate and serves the dominant estate; also called
dominant estate.
servient tenement - Answer✔Property burdened by an easement. In other words, the owner of
the servient tenement (the serviant tenant) must allow someone who has an easement (the
dominant tenement) to use the property.
easement in gross - Answer✔An easement which does not attach to the land, usually given to a
quasi-public corporation, such as the electric or phone company
easement in necessity - Answer✔Arises when there is no other access to a street or public way.
If the owner of the back half cannot get to the street except by crossing the front half of the lot,
then the back half owner will usually be given the right to cross by court order.
easement by prescription - Answer✔A method of acquiring a right to a portion of property by
lapse of time, in the manner of adverse possession.
license - Answer✔A personal privilege to perform some act on the land of another.
encroachment - Answer✔A building or fixture which intrudes partly or wholly upon the
property of another.
freehold estate - Answer✔An estate in real property for an indefinite and uncertain time. Font
Foot: Property measurement of the front foot on its street line or waterfront line with each
front foot extending the depth of the lot.
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