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Real Estate Principles
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Real Estate Principles
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25 Questions

1. A market where tenants negotiate rent and other terms with property owners or their managers

2. Financial sector of the economy that allocates resources among households & firms

3. Estate interests in real estate giving unlimited duration; titled interests

4. A sequence of directed distances that are the property boundaries

5. Provision of all states requiring all deeds - long-term leases - and mortgages to be in writing to be enforceable

6. Goods and services whose optimal location pattern is clustering

7. (commercial easement) the right to use land for a specific - limited purpose unrelated to any adjacent parcel

8. Statements made from studies of the effect that a new development will have on the economy and/or the environment of the region

9. Legally binding promise stating grantor has good title and right to convey it

10. The most covenants (general warranty deed)

11. A life estate created by the action of law

12. Land containing no structures or improvements

13. All of the taxable properties in a jurisdiction

14. Category of types of urban services/products users seek to obtain as close by as possible

15. A parcel that is constrained or diminished by an easement appurtenant

16. Form of individual ownership of apartments. Property is owned by a corp. - of which each resident is a shareholder entitled to a lease term

17. Same as warranty deed except covenant against encumbrances applies only to time that grantor owned the property

18. Right of use not created by explicit deed or clause within a deed. Often created when a subdivision map is placed into public record

19. Conveyance of real property upon death of a property owner in accordance with a will

20. A lien/special contract by which the borrower conveys to lender a security interest in the mortgaged property

21. An assertion of real property interests that is open - continuous - and apparent to all who examine the property

22. Real property that was formerly personal property (e.g. - lamp)

23. Rights to the subsurface (oil - gas - etc.) that can be seperated from land ownership

24. Rights in land and its permanent structure (surface of earth - airspace - and beneath the earth

25. Rights associated with ownership of land and all permanent attachments to the land