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REAL ESTATE STUDY GUIDE
TEST-Ch 1 & 2
• Condensed history of a title to a particular parcel of real estate is known as abstract.
• Easement are rights granted to use, yet not own, a specified piece of real property.
• Real property is both a right and privilege associated with land and transferred by deed
• When real estate is bought and sold, a fixture is the property of the: Buyer
• Property is owned is 2 ways: Freehold and less than freehold
• The definition of land includes all but: BUILDINGS
• People are building an enclosed front porch. Lumber dealer unloaded a truckload of lumber in front of their house that will be used to build the porch. Lumber is considered: as PERSONAL PROPERTY ONLY
• The purchase of real estate reflects a complex body of laws
• A title held in fee simple gives the owner unlimited, unabashed use of the real property until his or her demise or until death or the death of another.
• A career in real estate requires many skills and......
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dfndjnf. REAL ESTATE STUDY GUIDE TEST-Ch 1 & 2 ? Condensed history of a title
to a particular parcel of real estate is known as abstract. ...
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