Property Ownership - Real Estate Exam Questions With Verified Answers

Water is scarce - Answer Although states make specific laws governing water rights and the rights in land that borders water, most states generally follow one of two basic doctrines regarding water rights. Either riparian and littoral rights are automatically conveyed with property, or all water right are controlled by the state under the doctrine of prior appropriation. The doctrine of prior appropriation is MOST likely to be followed in states where Appurtenant - Answer A homeowner has negotiated with a neighbor to obtain the permanent right to pass over the northern part of the neighbor's land to gain access to the river. He pays the neighbor $9,000 for the right of access and receives a deed. This is an easement In the sale of property, there is often confusion over whether an item is a fixture or personal property. What is the best way to avoid this confusion? - Answer Specify questionable items of property in the written sales contract.