Barney Fletcher Section 1
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
Datum - ANS-Point of line in which depth is measured.
ex. Sea Level
Easement - ANS-The right to use the land of another for a particular purpose. Non exclusive
irrevocable
Fixtures - ANS-Articles that were once personal property but have been affixed to real estate so
as to become real property
Fructus Industriales (Emblements) - ANS-growing crops that are produced annually through
labor and industry.
Personal Property of the one who planted them.
Fructus Naturales - ANS-Permanent plantings such as flowers, trees and bushes that are
classified as real property
Government Survey - ANS-A method of land description based on townships and sections.
(Rectangular survey system, geodetic).
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
Datum - ANS-Point of line in which depth is measured.
ex. Sea Level
Easement - ANS-The right to use the land of another for a particular purpose. Non exclusive
irrevocable
Fixtures - ANS-Articles that were once personal property but have been affixed to real estate so
as to become real property
Fructus Industriales (Emblements) - ANS-growing crops that are produced annually through
labor and industry.
Personal Property of the one who planted them.
Fructus Naturales - ANS-Permanent plantings such as flowers, trees and bushes that are
classified as real property
Government Survey - ANS-A method of land description based on townships and sections.
(Rectangular survey system, geodetic).
