Real Estate - Unit 2

Texas Real Estate - Unit 2 Real Property

52 cards   |   Total Attempts: 186
  

Cards In This Set

Front Back
A construction firm builds an office center over a railroad right-of-way. This means that
  • The developer must purchase or lease some land and air rights from the railroad
The term fructus naturales refers to which of the following?
- Real estate
John purchases a parcel of land and sells the rights to any oil, gas, and minerals located in the ground to an exploration company. This means that he owns all rights to this property EXCEPT
Subsurface rights
Manufactured housing
  • May be considered real property if it is permanently attached to land
A store tenant firmly attaches appropriate appliances for his restaurant business on leased premises. Which statement is TRUE?
  • The appliances are trade fixtures and must be removed before the lease expires
Real estate, be definition, includes many elements are parts. Which items would be part of real estate?
  • Growing trees
Which BEST defines real property?
  • Land and all that there is above or below the surface, including all things permanently attached to it and legal rights associated with it
A fixture is
  • Real property that at one time was personal property
The definition of land includes all EXCEPT
  • Buildings
The term LAND includes
  • The underlying soil and things that are attached permanently to the land by nature, such as trees and water
What would the proper name be for a vast piece of acreage whose only "improvements" were a large billboard stating it was available for sale and zoned for commercial development and a large number of surveyor flags?
The property would be called land.
What "right" might be quoted to remove "squatters" (people who are not authorized to occupy a property) from a piece of land or a home?
The right of exclusion
What would be the proper description of a vast piece of property whose only "improvement" is an abandoned and heavily deteriorated barn that would likely have to be razed?
The property would be called real estate.
Which is the right to use the property in any legal manner?
Enjoyment
Attaching a manufactured home to land is one of the requirements for treating the home as which kind of property?
Real