REAL 3000 exam 1 / Comprehensive Practice Test Study Guide Newest Actual Questions & Answers (A+ Guide Solutions.Stretch your brain before your first study session Learn / Study with Learn
- intention of the parties- objective evidence of subjective intent
- manner/degree of attachment- extent of damage to remove item
- character of item and adaptation- customization and uniqueness
- relation of the party making the improvements of the property- residential
items vs. fences and agricultural improvements Choose matching term 1real property2title 3instrument of conveyance4 what do courts look at to determine if an item is a fixture?Don't know? 1 / 3
Terms in this set (182) 2 / 3
Chapter 1 property anything owned or possessed as established and recognized by the government real propertyimmovable property transferred with a deed personal property movable property transferred with a bill of sale )(certificate of title real estate always has 2 parts a tangible property and intangible rights associated with that property (pencils) infrastructure improvements to the land (excavation, utilities, storm water, roads, etc) (horizontal improvements) vertical improvements improvements on the land (buildings and structures) raw/undeveloped land land that does not have any infrastructure on it improved/developed land land that contains infrastructure acre ,560 square feet (football field without end43 endzones) real estate as intangible property the bundle of rights associated with the tangible property what can you do with intangible rights to a property?possess (exclude), occupy/use & enjoy, dispose, pledge, extract, control. bundled and used by multiple owners at the same time what is the value of real estate property based upon?the rights in which you have in your bundle specific to that tangible property real estate production accounts for what percent production in the U.S.gross domestic product?25% real estate employs how many jobs?about 9 million jobs
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