Maine - Real Estate Exam Prep

Fixture CORRECT ANSWER An object that has been attached to land so as to become real estate. An article of personal property which has been installed in or attached to land or a building thereon, in such a manner that it is now considered to be a part of the real estate. Improvements CORRECT ANSWER Beneficial attachments to raw land that increase its value or improve its usefulness. Meridians CORRECT ANSWER Imaginary north-south lines which intersect base lines to form a starting point for the measurement of land. Metes and bounds CORRECT ANSWER A detailed method of land description that identifies a parcel by specifying its shape and boundaries. Monument CORRECT ANSWER An iron pipe, stone, tree, or other fixed point in making a survey. Personal Property CORRECT ANSWER A right or interest in things of a temporary or movable nature Real Estate CORRECT ANSWER Land, tenements, and appurtenances, whatever is made part of or is attached to it by nature or man; the land and all the improvements thereon. (Also real property) Recorded Plat CORRECT ANSWER A subdivision map filed in the county recorder's office that shows the location and boundaries of individual parcels of land.