Barney Fletcher Section 1 questions with verified
answers
1 acre Ans✓✓✓ 43,560 square feet
4 ways to test Fixtures Ans✓✓✓ 1) Written agreement - most
important
2) Method of Attachment
3)Adaptability
4) Relationship of the Parties
Agricultural property Ans✓✓✓ farms, orchards, groves, ranches
Air Rights Ans✓✓✓ The right to use, control and occupy the space
above a particular parcel of land.
Appurtenance Ans✓✓✓ rights, privileges or improvements that belong
to and pass with the transfer of property. Attaches to land, not owner
Area Preference or Situs Ans✓✓✓ An economic term that refers to the
economic quality of a parcel of real estate. Consists of two factors: (1)
certain locations are more preferable than others; and (2) real estate is
immobile — it cannot be moved.
, Assemblage Ans✓✓✓ Concept of combining two or more contiguous
parcels of real estate into a single parcel under one ownership. Plottage
is the goal.
Bill of Sale Ans✓✓✓ Transfers title to personal property
Brokerage Firm Ans✓✓✓ Employed by the public to perform acts of
brokerage
Bundle of Rights Ans✓✓✓ the legal rights that accompany real
property ownership.
Chattel Ans✓✓✓ personal property
Chattel Mortgage Ans✓✓✓ Mortgage secured by personal property
Check Ans✓✓✓ 24 mile square formed by intersecting meridians and
base lines
Client Ans✓✓✓ party who employs the broker. Someone you
represent
commercial property Ans✓✓✓ land and buildings that produce rental
income
answers
1 acre Ans✓✓✓ 43,560 square feet
4 ways to test Fixtures Ans✓✓✓ 1) Written agreement - most
important
2) Method of Attachment
3)Adaptability
4) Relationship of the Parties
Agricultural property Ans✓✓✓ farms, orchards, groves, ranches
Air Rights Ans✓✓✓ The right to use, control and occupy the space
above a particular parcel of land.
Appurtenance Ans✓✓✓ rights, privileges or improvements that belong
to and pass with the transfer of property. Attaches to land, not owner
Area Preference or Situs Ans✓✓✓ An economic term that refers to the
economic quality of a parcel of real estate. Consists of two factors: (1)
certain locations are more preferable than others; and (2) real estate is
immobile — it cannot be moved.
, Assemblage Ans✓✓✓ Concept of combining two or more contiguous
parcels of real estate into a single parcel under one ownership. Plottage
is the goal.
Bill of Sale Ans✓✓✓ Transfers title to personal property
Brokerage Firm Ans✓✓✓ Employed by the public to perform acts of
brokerage
Bundle of Rights Ans✓✓✓ the legal rights that accompany real
property ownership.
Chattel Ans✓✓✓ personal property
Chattel Mortgage Ans✓✓✓ Mortgage secured by personal property
Check Ans✓✓✓ 24 mile square formed by intersecting meridians and
base lines
Client Ans✓✓✓ party who employs the broker. Someone you
represent
commercial property Ans✓✓✓ land and buildings that produce rental
income
