Card Set Information
Tools for california real estate liscencing
Includes land plus appertances that benefit the land: improvements, rights, priveleges and fixtures.
The government controls water rights and grants permits for beneficial use of water, such as irrigation, under the doctrine of
Flowing water such as rivers, streams and creeks.
Standing water such as lakes and oceans
Water receeds and creates new land (pond drying up)
Water rights include the right of access?
false: One needs to obtain and easement to do so.
In the modified rule of prior appropriation all adjoining land owners have equal rights to the reasonable use of water. True/False
What is the sudden loss of land through natural causes? (tsunami's)
What is the gradual loss of land throught natural causes?
What is the addition of land through natural forces?
Taking title to additional property through accretion or attatchment is?
Mineral rights can be transfered when property is sold or reserved by seller? True/False
Transfer of real estate is done using which document?
Transfer of personal property is done using which document?
Bill of sale
Anything that "runs" with the land such as a parking spot with a condo purchase is called?
Stocks or shares of stocks in a water company are not considered real property? True/False
False: Stock in a weter company is real property
An item of personal property that is attached to the land in such a manner as to be considered part of the real property.
Most important step in test of fixtures
Annually cultivated crops
Name physical characteristics of land
Unique-all parcels differ geographically
Name economic characteristics of land
Permanence of investment
Area of preferance