Civil Rights Acts of 1866
Prohibits only and all racial discrimination
Steering
Directing Home Seekers to particular neighborhoods based on the the fair housing protected classes
Blockbusting
Real estate agents creating fear in a neighborhood in order to induce the owner of the houses to sell
the properties at a loss to the agents
Equal Credit Opportunity Act of 1974
Prohibits discrimination based on race color, etc. and receipt of income from a public assistance
program.
Real Property/ Real Estate
Land, improvements and the rights to own them
Improvements
Anything put on the land with the intent of improving the land.
Chattel
Personal Property
Appurtenances
,Right or privilege attached to land that goes with the land when ownership of the land changes.
Fixture
Something that was personal property and has now become real estate because it has been attached to
the land.
Three tests of a fixture
A) Method of annexation B)Fitness or adaptation to the property C) Intention of the parties
Trade Fixture
Something that is attached to a property under a commercial lease.
Fixity or Permanence of Investment
The fact that improvements to the land will take a long time to pay for them.
Metes and Bounds
Uses distance and directions to define and describe the shape and boundaries of the property.
Datum
Used to mark elevation
Rectangular Survey System
Uses latitude, longitude, standard and baselines to divide earth into areas
, Townships
Areas of earth = 36 Sq. Miles
Unit
1 sq. mile or 640 acres
Acre
43,560
Recorded Plat
When land is divided into plots
Informal Reference
not a legal description.
Riparian Rights
The right to use water in a river or stream
Littoral Rights
Rights a landowner has to use and enjoy the water that touches his land but he may not alter the
course of the water
Surface water
Prohibits only and all racial discrimination
Steering
Directing Home Seekers to particular neighborhoods based on the the fair housing protected classes
Blockbusting
Real estate agents creating fear in a neighborhood in order to induce the owner of the houses to sell
the properties at a loss to the agents
Equal Credit Opportunity Act of 1974
Prohibits discrimination based on race color, etc. and receipt of income from a public assistance
program.
Real Property/ Real Estate
Land, improvements and the rights to own them
Improvements
Anything put on the land with the intent of improving the land.
Chattel
Personal Property
Appurtenances
,Right or privilege attached to land that goes with the land when ownership of the land changes.
Fixture
Something that was personal property and has now become real estate because it has been attached to
the land.
Three tests of a fixture
A) Method of annexation B)Fitness or adaptation to the property C) Intention of the parties
Trade Fixture
Something that is attached to a property under a commercial lease.
Fixity or Permanence of Investment
The fact that improvements to the land will take a long time to pay for them.
Metes and Bounds
Uses distance and directions to define and describe the shape and boundaries of the property.
Datum
Used to mark elevation
Rectangular Survey System
Uses latitude, longitude, standard and baselines to divide earth into areas
, Townships
Areas of earth = 36 Sq. Miles
Unit
1 sq. mile or 640 acres
Acre
43,560
Recorded Plat
When land is divided into plots
Informal Reference
not a legal description.
Riparian Rights
The right to use water in a river or stream
Littoral Rights
Rights a landowner has to use and enjoy the water that touches his land but he may not alter the
course of the water
Surface water
