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Real Estate Principles
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Real Estate Principles
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25 Questions

1. Provision that gives a surviving spouse a share of most of the wealth of the decedent (modern substitute for dower)

2. Rights in property that include: (exclusive) possession - use (enjoyment) - and disposition

3. Voluntary conveyance by deed - involuntary conveyance by deed (bankruptcy - divorce - foreclosure) - voluntary conveyances w/o a deed (easements only) - involuntary conveyance w/o a deed - and action of water (accretion - reliction)

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

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

6. Official rules & regs. that govern condo. ownership

7. Same as deed restrictions

8. When a tenant Who is supposed to vacate does not - but continues to pay rent that landlord accepts

9. Public official who determines taxable property value (aka County Property Appraiser)

10. Personal property that becomes real property via permanent attachment to the realty

11. Special type of deed that conveys title to real property owned by government to a private party

12. The emergence of specialized resources in response to demand from multiple industries

13. In a deed - a minimal statement that seeks to establish that the promises made by the parties are supported by consideration (e.g. - Now - therefore - in consideration of...)

14. An approach to land use control that considers urban systems through limits to detrimental activities

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

16. Deed containing no covenants - but still is regarded as implying ownership

17. Land used inconsistent with current zoning - but allowed due to predating use

18. A special - written contract for conveying a permanent interest in real property (the principal conveyance of real property)

19. Monopoly - externalities - incomplete info. - and uncertainty of residential values

20. A continuing easement from owner to owner

21. All property that is not real property (household goods - personal property - intellectual property - music)

22. Anything - tangible or intangible - that can be possessed

23. Legally binding promise

24. A location pattern which similar economic entities - such as a convenience store or a retail establishment - tend to disburse evenly over the market region

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

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