RED 200 MIDTERM VERIFIED BY
EXPERTS 2025 QUESTIONS
what do we mean by rights? - CORRECT ANSWER>>>>Claims that the
government is obligated to enforce
property rights - CORRECT ANSWER>>>>The enjoyment of the use or benefits:
use, collect rent, harvest,
real property - CORRECT ANSWER>>>>the land, everything permanently
attached to it, and all of the interests, benefits, and rights inherent. street signs,
parking lots.
personal property - CORRECT ANSWER>>>>Anything that isn't attached
permanently to the real property. furniture, light fixtures, plastic letters on store
front.
fixtures - CORRECT ANSWER>>>>real property converted from personal
property by attachment to real estate. oven, kitchen appliance
estate - CORRECT ANSWER>>>>a real property interest that includes the right
of exclusive possession
Real Property Interests - CORRECT ANSWER>>>>any set of rights in real
property
Fee simple absolute ownership - CORRECT ANSWER>>>>All possible estate
rights
Fee simple conditional ownership - CORRECT ANSWER>>>>all rights, but
revocable if specific condition is violated
Easement - CORRECT ANSWER>>>>the right to use land for a specific and
limited purpose
Liens - CORRECT ANSWER>>>>A charge or claim which one person has upon
the property of another as security for a debt or obligation
, Restrictive Covenants - CORRECT ANSWER>>>>type of agreement in a contract
or obligation that restricts the buyer from taking some action. limitation of home
color, rent and lease restrictions, restriction of business usage...
eminent domain - CORRECT ANSWER>>>>Power of a government to take
private property for public use with monetary compensation.
Police Regulatory Power - CORRECT ANSWER>>>>how the government
regulates real estate. zoning laws, building codes, fire codes, rent control, safety
hazards, tenant rights.
Deed Restrictions - CORRECT ANSWER>>>>Clauses in a deed limiting the
future uses of the property. Deed restrictions may impose a vast variety of
limitations and conditions—for example, they may limit the density of buildings,
dictate the types of structures that can be erected, or prevent buildings from being
used for specific purposes or even from being used at all.
Leases - CORRECT ANSWER>>>>the transfer of the right to use real property
for a specified period of time
Affirmative Easement - CORRECT ANSWER>>>>Easement that gives the
dominant tenement owner the right to use the servient tenement. sewer line,
driveway, drainage, common wall.
Negative Easement - CORRECT ANSWER>>>>allows the holder to prevent the
servient owner from performing an act on the servient land. light, air, views.
exclusive easement - CORRECT ANSWER>>>>conveys all rights of the
easement, recipient can convey access to others
non-exclusive easement - CORRECT ANSWER>>>>rights limited to one user
only
license - CORRECT ANSWER>>>>similar to easement, but conveys permission
not rights
General liens - CORRECT ANSWER>>>>arise from events unrelated to the
property. court awarded damages, federal tax liens.
EXPERTS 2025 QUESTIONS
what do we mean by rights? - CORRECT ANSWER>>>>Claims that the
government is obligated to enforce
property rights - CORRECT ANSWER>>>>The enjoyment of the use or benefits:
use, collect rent, harvest,
real property - CORRECT ANSWER>>>>the land, everything permanently
attached to it, and all of the interests, benefits, and rights inherent. street signs,
parking lots.
personal property - CORRECT ANSWER>>>>Anything that isn't attached
permanently to the real property. furniture, light fixtures, plastic letters on store
front.
fixtures - CORRECT ANSWER>>>>real property converted from personal
property by attachment to real estate. oven, kitchen appliance
estate - CORRECT ANSWER>>>>a real property interest that includes the right
of exclusive possession
Real Property Interests - CORRECT ANSWER>>>>any set of rights in real
property
Fee simple absolute ownership - CORRECT ANSWER>>>>All possible estate
rights
Fee simple conditional ownership - CORRECT ANSWER>>>>all rights, but
revocable if specific condition is violated
Easement - CORRECT ANSWER>>>>the right to use land for a specific and
limited purpose
Liens - CORRECT ANSWER>>>>A charge or claim which one person has upon
the property of another as security for a debt or obligation
, Restrictive Covenants - CORRECT ANSWER>>>>type of agreement in a contract
or obligation that restricts the buyer from taking some action. limitation of home
color, rent and lease restrictions, restriction of business usage...
eminent domain - CORRECT ANSWER>>>>Power of a government to take
private property for public use with monetary compensation.
Police Regulatory Power - CORRECT ANSWER>>>>how the government
regulates real estate. zoning laws, building codes, fire codes, rent control, safety
hazards, tenant rights.
Deed Restrictions - CORRECT ANSWER>>>>Clauses in a deed limiting the
future uses of the property. Deed restrictions may impose a vast variety of
limitations and conditions—for example, they may limit the density of buildings,
dictate the types of structures that can be erected, or prevent buildings from being
used for specific purposes or even from being used at all.
Leases - CORRECT ANSWER>>>>the transfer of the right to use real property
for a specified period of time
Affirmative Easement - CORRECT ANSWER>>>>Easement that gives the
dominant tenement owner the right to use the servient tenement. sewer line,
driveway, drainage, common wall.
Negative Easement - CORRECT ANSWER>>>>allows the holder to prevent the
servient owner from performing an act on the servient land. light, air, views.
exclusive easement - CORRECT ANSWER>>>>conveys all rights of the
easement, recipient can convey access to others
non-exclusive easement - CORRECT ANSWER>>>>rights limited to one user
only
license - CORRECT ANSWER>>>>similar to easement, but conveys permission
not rights
General liens - CORRECT ANSWER>>>>arise from events unrelated to the
property. court awarded damages, federal tax liens.
