REAL 4000 Test 1 UGA Exam |55 Q’s and
A’s
property - -anything that can be owned or possessed
- tangible property - -physical things, such as automobiles, clothing, land,
and buildings
- intangible property - -nonphysical and include contractual rights, financial
claims, interests, patents, or trademarks
- real estate - -the land and the things attached to the land
- improvements on the land - -any fixed structures such as buildings,
fences, walls, and decks
- improvements to the land - -components necessary to make the land
suitable for building construction or other uses, such as streets, sidewalks,
and utilities
- raw land - -does not include any improvements or structures
- real property - -rights associated with ownership of land and all permanent
attachments to land.
- personal property - -things that are moveable and not permanently fixed
to the land. ex: motor home
- acre - -43, 560 sq ft
- space market - -Potential occupants, both owner-occupants and tenants,
or renters competing for physical location and space
- asset market - -the financial sector of the economy that serves to allocate
financial resources among households and firms requiring funds
- assessment lien - -lien assessment by local governments to ensure that
those who receive the primary benefit of neighborhood improvements will be
charged their "fair share"
- attach - -to place a lien on real property
A’s
property - -anything that can be owned or possessed
- tangible property - -physical things, such as automobiles, clothing, land,
and buildings
- intangible property - -nonphysical and include contractual rights, financial
claims, interests, patents, or trademarks
- real estate - -the land and the things attached to the land
- improvements on the land - -any fixed structures such as buildings,
fences, walls, and decks
- improvements to the land - -components necessary to make the land
suitable for building construction or other uses, such as streets, sidewalks,
and utilities
- raw land - -does not include any improvements or structures
- real property - -rights associated with ownership of land and all permanent
attachments to land.
- personal property - -things that are moveable and not permanently fixed
to the land. ex: motor home
- acre - -43, 560 sq ft
- space market - -Potential occupants, both owner-occupants and tenants,
or renters competing for physical location and space
- asset market - -the financial sector of the economy that serves to allocate
financial resources among households and firms requiring funds
- assessment lien - -lien assessment by local governments to ensure that
those who receive the primary benefit of neighborhood improvements will be
charged their "fair share"
- attach - -to place a lien on real property
