100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Massachusetts Real Estate Exam; Questions and Answer 100% Solved $15.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. MA Real Estate
  4.  
  5. MA Real Estate

Exam (elaborations)

Massachusetts Real Estate Exam; Questions and Answer 100% Solved

 6 views  0 purchase
  • Course
  • MA Real Estate
  • Institution
  • MA Real Estate

Massachusetts Real Estate Exam; Questions and Answer 100% Solved Bundle of Rights An ownership concept describing all the legal rights that attach to the ownership of real property. ( posession, control, enjoyment, exclusion, disposition) Personal Property Chattel; movable/ portable; every...

[Show more]

Preview 4 out of 49  pages

Document information

  • August 26, 2024
  • 49
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • massachusetts real estate exam
  • questions and answer 100 solved

Written for

  • MA Real Estate
  • MA Real Estate

Seller

avatar-seller
TheeGrades

Reviews received

Content preview

Massachusetts Real Estate Exam; Questions
and Answer 100% Solved
Bundle of Rights ✔✔An ownership concept describing all the legal rights that

attach to the


ownership of real property. ( posession, control, enjoyment, exclusion,

disposition)


Personal Property ✔✔Chattel; movable/ portable; everything that "falls out" of

a house that is


turned upside down


Riparian Rights ✔✔"R" ivers; rights along flowing waters such as rivers and

streams; navigable


( to waters edge) non-navigable ( to middle)


Literal Rights ✔✔"L" ake ; ownership rights along lakes and oceans; mA Law

intertidal


zone...all people have the right to fish, navigate (walk), and faul(birdwatch

through intertidal


zone

, Massachusetts Real Estate Exam; Questions
and Answer 100% Solved
Real Estate ✔✔Anything man or nature has put on earth; includes bundle of

legal rights, air,


water, and mineral rights; edge of property to center of earth and up to infinity

(air rights)


anything attached or put into the ground ( not on blocks)


Three Legal Descriptions Used in America ✔✔Metes and Bounds, Rectangular

Survey,


Subdivision Lot and Block


Metes and Bounds ✔✔A system of land surveying that used natural features t

mark irregular


parcels of land; Used in MA; oldest method used; always uses a POB (point of

beginning); uses


distances and compass directions to describe using N,S!E!W


Rectangular Survey ✔✔Uses ranges, sections, and townships to describe,

everything is

, Massachusetts Real Estate Exam; Questions
and Answer 100% Solved
rectangular shapes, FL not MA


Subdivision Lot and Block ✔✔AKA: Subdivision Plan; uses subdivision Lot # and

street name


to describe; used in ALL states


Personal Property ✔✔Chattels; movable ( furniture, lawn mower, fire wood,

deck furniture,


cows)


Fixtures ✔✔An item that was personal property that is now affixed to the real

Estate and has


become permanent; ex. Wall/wall carpet; a hutch noted to wall; a new light by

the front door


Severance ✔✔Converting real property to personal property (ex. Cutting down a

tree severing it


from the land)

, Massachusetts Real Estate Exam; Questions
and Answer 100% Solved
Accession ✔✔Trade fixtures not removed by the end of the lease become the

landlords by


accession


Trade Fixtures ✔✔Considered personal property; can be removed before the

lease ends; must

fish holes in wall and take signs


Emblements (fractus industriales) ✔✔


Governmental Powers (PETE) ✔✔Police Power, Eminent Domain, Taxation,

Escheat


Police Power ✔✔Governments right to regulate property use ( building codes,

property laws,


zoning, town bylaws)


Eminent Domain ✔✔Governments right to seize property; must be for public

use and the owner


paid a fair price

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 TheeGrades. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75759 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$15.99
  • (0)
  Add to cart