ASREB Exam Prep (Arizona School of Real Estate & Business A1-A9 Study) Questions & Answers Solved 100% Correct!!
1 view 0 purchase
Course
ASREB
Institution
ASREB
ASREB Exam Prep (Arizona School of Real Estate & Business A1-A9 Study) Questions & Answers Solved 100% Correct!!
What is included in a "Bundle of Rights"?
(allodial system of ownership)
1. Possession
2. Use
3. Encumbrance (loan against)
4. Expulsion (exclude others)
5. Transfer
Corporeal
...
ASREB Exam Prep (Arizona School of Real Estate &
Business A1-A9 Study) Questions & Answers Solved 100%
Correct!!
What is included in a "Bundle of Rights"?
(allodial system of ownership)
1. Possession
2. Use
3. Encumbrance (loan against)
4. Expulsion (exclude others)
5. Transfer
Corporeal
Land and Tenements (buildings)
Incorporeal
Rights and Relationships
Hereditaments
Any property that can be inherited
Fixtures
Item of personal property that because of it's attachment becomes real property
MARIA
Legal test to determine what is or isn't a fixture
1. Method of a attachment (How permanent is the fixture
2. Agreement (agreed to verbally/written by both parties)
3. Relationship (what is the relationship of the item to a party...do they need it for health
reasons, etc.?)
4. Intent (what was the intent of the annexors (installers))
5. Adaptability (how does the fixture fit into the purpose)
How do you change a fixture back into personal property?
Detachment or Severance
Personal Property is also called...
Chattel or Personalty
Transfer of Title (via Deed): Will
In testate succession ... person died with a will
Transfer of Title (via Deed): Interstate Succession
Person died without a will but has heirs
Two types of Personal Property
Tangible: objects
Intangible: (rights and relationships - trademarks, logo, slogan, patent, royalties, etc.)
If its not Realty, its...
Personalty (personal property or chattel)
Trade Fixtures
Item affiliated with trade/business is always the personal property of the trade/business
even if it is attached
Industrial Fruits (Right of Emblements)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICAIDSTORE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
