AZ Real estate exam
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NATIONAL REAL ESTATE EXAM PRA... REAL ESTATE ( AZ SPECIFIC ) AZ Real Estate Exam Arizona
164 terms 275 terms Teacher 58 terms 679 term
talyn_provo1 Preview adam_leicht Preview Lara_Palles-Shemen Preview ssb
Practice questions for this set
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The law to protect or exempt a portion of the equity in the family home
during the occupants lifetime from general creditors
Choose an answer
1 Accession 2 Homestead
3 Situs 4 Budget loan
Don't know?
Terms in this set (200) Hide definitions
Accession Acquiring property when trade fixtures are not removed on or before the last day
the property is rented. They become real property of the landlord.
Fixture An article/item that was once personal property but had been attached to land or
a structure so it is now real property.
, Tests of a fixture 1. Agreement
2. Intention (most important)
3. Attachment
4. Adaptation
5. Relationship
6. Cost (not a factor)
Annexation Converting personal property to real property
Chattel Also referred to as personal property
Severance Conversion of real property to personal property
The three sections to the Code Of Ethics 1. Duties to Clients and Customers
2. Duties to the Public
3. Duties to Realtors
Title Refers to ownership of real property
Deed The document by which the owner transfers real property
Bundle of legal rights 1. Disposition
2. Enjoyment
3. Exclusion
4. Possession
5. Control
Appurtenance The right or privilege associated with the property but not necessarily a part of it
Emblements Cultivated crops
Situs Peoples preference for certain areas
5.0 (1 review)
Students also studied
Flashcard sets Study guides
NATIONAL REAL ESTATE EXAM PRA... REAL ESTATE ( AZ SPECIFIC ) AZ Real Estate Exam Arizona
164 terms 275 terms Teacher 58 terms 679 term
talyn_provo1 Preview adam_leicht Preview Lara_Palles-Shemen Preview ssb
Practice questions for this set
Learn 1 /7 Study with Learn
The law to protect or exempt a portion of the equity in the family home
during the occupants lifetime from general creditors
Choose an answer
1 Accession 2 Homestead
3 Situs 4 Budget loan
Don't know?
Terms in this set (200) Hide definitions
Accession Acquiring property when trade fixtures are not removed on or before the last day
the property is rented. They become real property of the landlord.
Fixture An article/item that was once personal property but had been attached to land or
a structure so it is now real property.
, Tests of a fixture 1. Agreement
2. Intention (most important)
3. Attachment
4. Adaptation
5. Relationship
6. Cost (not a factor)
Annexation Converting personal property to real property
Chattel Also referred to as personal property
Severance Conversion of real property to personal property
The three sections to the Code Of Ethics 1. Duties to Clients and Customers
2. Duties to the Public
3. Duties to Realtors
Title Refers to ownership of real property
Deed The document by which the owner transfers real property
Bundle of legal rights 1. Disposition
2. Enjoyment
3. Exclusion
4. Possession
5. Control
Appurtenance The right or privilege associated with the property but not necessarily a part of it
Emblements Cultivated crops
Situs Peoples preference for certain areas
