Property and Ownership Laws Flashcards
7 cards from real Real Estate License practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Property and Ownership Laws flashcards as text
A homeowner sells a property but reserves the right to harvest crops already planted before closing. This right is known as:
Answer: Emblements
Emblements are annual crops that a tenant or seller may harvest even after the property interest ends.
Two people own property with the right of survivorship and equal, undivided interests. This form of ownership is:
Answer: Joint tenancy
Joint tenancy requires the four unities and includes the right of survivorship.
Which of the following is an example of real property rather than personal property?
Answer: A built-in dishwasher attached to cabinetry
A built-in dishwasher attached to the structure is a fixture and therefore real property.
A government's power to take private property for public use with just compensation is called:
Answer: Eminent domain
Eminent domain allows government to take private property for public use with just compensation.
An easement that benefits an adjacent parcel of land and transfers with ownership is an:
Answer: Easement appurtenant
An easement appurtenant runs with the land and benefits the dominant tenement.
Which document is used to transfer property without any warranties or guarantees of title?
Answer: Quitclaim deed
A quitclaim deed conveys whatever interest the grantor has with no warranties of title.
A bundle of rights in real property does NOT typically include the right to:
Answer: Violate local zoning laws
Ownership rights are limited by government powers like zoning, so violating zoning is not a right.