Barney Fletcher Section I - Intro to Real Estate Exam Questions and Answers

Barney Fletcher Section I - Intro to Real Estate Exam Questions and Answers Abutting - Ans ️️ bordering, adjacent to, physically adjoining Accretion - Ans ️️ the process of the addition of soil to real estate by natural causes (see Alluvion) Air Rights - Ans ️️ The rights to use the air above the land. Amenities - Ans ️️ The intangible aspects of property that give pleasure and satisfaction to the owner, such as attractive design, good view, etc. Anchor Tenant - Ans ️️ The tenant in a shopping center that leases the largest space and will draw the greatest amount of traffic. e.g. grocery store in a plaza or a major department store in a mall. Anti-Trust Laws - Ans ️️ Laws to control monopoly power and to preserve and promote competition. Appurtennance - Ans ️️ A right, privilege, or improvement belonging to and passing with the principal property. It is not necessarily a part of the property. Ex: A right of way through a neighbor's land. Assemblage - Ans ️️ The combining of adjoining separate parcels of land into a single tract. Assemblage value (plottage value) refers to the increase in value that results when parcels are combined, thereby creating a site that has greater value than the sum of lots individually considered.