Unit 2 Quiz Attempt #3

To be legitimate, a claim to any real property must be accompanied by a ________________

“Regardless of any man-made or natural changes, land remains basically the same.” best describes which physical characteristic?

Fill in the blank: Operations, such as blank, will have an influence on the surrounding properties in the neighborhood.

Owners of Life Estates are called what?

Some states, not all states, consider _____ and ________ as apart of the land and not subjected to a different set of rules.

Which of the following are firms which hold debt that are held against a property giving them interest in the property?

The most highest form of ownership interest that can be held by a property owner and gives the most rights is known as:

The following examples are defined as what kind of property: canals, ponds, machinery, and buildings.

The name of an unwritten body of law based on general custom in England that is used in some states is:

Fill in the blank: Real Property has the ________ or controls, _________ and use of land and all attached objects.

“The location of land cannot be changed” best describes which physical characteristic?

“No matter the size, shape, or similarities between two exactly identical parcels each individual parcel is ‘one of a kind’” best describes which physical characteristic?

Fill in the blank: _______ impacts the value of a commodity.

Which term matches the definition: ________ is the period of time that the ROI (Return on Investment) will be realized over

Land, minerals beneath the earth’s surface, water on/below the earth’s surface and air above the surface all describe what

Define “appreciation”

______would be identified as “personal property”

When you buy a house, the cabinets that are built into the wall are called:

Which system is a recorded subdivision plat used?

Johnathan owns a large parcel of land. He has it surveyed into lots and streets, then files a subdivision plat. Which of the following can legally describe each lot?

What is an appurtenance in real property?

What is a fixture?

The definition of economic base is:

______ in real estate means that no two parcels are the same.

What happens when the supply of the certain commodity increases :

Which of the following can be described as the listing or asking price?

Which of the following is not considered personal property?

The characteristics of value include which of the following

Fixtures attached to land are considered _____

Which aspect of real estate is affected by change, contribution and substitution?