Term
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Definition
| Really Simple Syndication |
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Term
| An amount paid, usually as a percentage of the selling price, to a broker for services is known as ___________? |
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Definition
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Term
| What is the maximum commission that can be charged by a real estate broker in the sale of a 1 to 4 unit property? |
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Definition
| Negotiable between the principal and broker. |
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Term
| The first cities in California were known as _____________? |
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Definition
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Term
| Fortified trading posts are known as _________? |
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Definition
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Term
| Why was the Treaty of Guadalupe Hidalgo significant? |
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Definition
| It ended the war with Mexico on February 2, 1848 allowing the purchase of more than 500,000 square miles of land from Mexico. |
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Term
| When did California achieve full statehood? |
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Definition
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Term
| The rights and interests that a person has in the thing owned is called __________? |
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Definition
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Term
| Possession, Enjoyment, Control and Disposition are elements of what ________? |
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Definition
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Term
| What are the two(2) types of property? |
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Definition
| 1) Real Property 2) Personal Property |
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Term
| The right or interest that a person has in the land or anything attached to the land is known as ____________? |
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Definition
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Term
| T/F Land Ownership includes the space that is above and below the land? |
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Definition
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Term
| The right of a land owner, whose land borders a stream or waterway, to use and enjoy the water, provided such use does not injure the rights of the other owners is known as__________? |
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Definition
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Term
| The right of a landowner to the reasonable usage of a nonflowing body of water (with a shoreline) abutting his/her land is ___________? |
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Definition
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Term
| Another name for Appropriation of Water is ____________? |
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Definition
| Doctrine of Appropriation |
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Term
| The private taking and use of water flowing on the public domain from its natural course is known as __________? |
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Definition
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Term
| Which include the right to reasonably "appropriate" water as needed? |
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Definition
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Term
Which of the three (3) listed below, can appropriate surplus underground water for beneficial use of non-owners?
1) City
2) County
3) State |
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Definition
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Term
| Anything attached to real property, i.e., buildings, fences, walls and shrubs are referred to as _________? |
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Definition
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Term
| T/F: Anything that is incidental or appurtenant to the land is real property? |
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Definition
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Term
| T/F: Natural growth and unpicked fruit or vegetables are considered personal property? |
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Definition
| False: Vegetation attached by roots is real property as are cultivated crops until they are severed, mortgaged or sold. |
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Term
| Any property that is movable and cannot be properly classified under the definition of real property is called ___________? |
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Definition
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Term
| Clothes, furniture, automobiles and documents that represent value are examples of ____________? |
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Definition
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Term
| Jerry owns land upon which he extracts oil. Is the extracted oil personal property or real property? |
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Definition
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Term
| Planted growing crops that are cultivated annually by a tenant farmer on leased land are referred to as _____________? |
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Definition
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Term
| The means by which ownership of personal property is transferred? |
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Definition
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Term
| T/F: Fixtures are considered personal property? |
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Definition
| False. It's considered real property. |
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Term
| Which of the following is NOT a test to determine if an item is a fixture:
- Method of attachment
- Cost, time & duration
- Relationship of the parties
- Intention
- Agreement
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Definition
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Term
| Personal property used in the normal course of business is called ___________? |
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Definition
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Term
| Name the three (3) accepted means of property identification? |
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Definition
| 1) Metes & Bounds 2) Sections and Townships 3) Lots, Blocks, and Tracts |
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