100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Utah Real Estate Class Arti Questions and Correct Answers | Latest Update $13.49   Add to cart

Exam (elaborations)

Utah Real Estate Class Arti Questions and Correct Answers | Latest Update

 11 views  0 purchase
  • Course
  • Utah Real Estate
  • Institution
  • Utah Real Estate

Affixed -:- Typically in reference to mineral, water, or surface rights, resources that go with the property are affixed. Annexation -:- The process of personal property becoming real property. With reference to subsurface rights, annexation is adding water or mineral rights to the prope...

[Show more]

Preview 4 out of 95  pages

  • September 20, 2024
  • 95
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Utah Real Estate
  • Utah Real Estate
avatar-seller
TestTrackers
2024 /2025 | © copyright | This work may not be copied for profit gain Excel!




Utah Real Estate Class Arti Questions and
Correct Answers | Latest Update

Affixed


✓ -:- Typically in reference to mineral, water, or surface rights, resources

that go with the property are affixed.




Annexation


✓ -:- The process of personal property becoming real property. With

reference to subsurface rights, annexation is adding water or mineral

rights to the property. Legal tests include method of annexation,

adaptability, relationship of the parties.




Appurtenance


✓ -:- Something that comes with real property. Water or a well, or an

easement could be an appurtenance.




Bundle of Rights




1|P a g e | G r a d e A + | 2 0 2 0 2 5

,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



✓ -:- Right of Possession, Right of Use, Right of Exclusion, Right of

Disposition.




Concept: owners of real property have certain rights. Others are reserved to the

government or other owners. The bundle includes the right of possession, right of use, right

of quiet enjoyment, right of exclusion, right of disposition.




Chattel


✓ -:- Another name for personal property, or personalty.




Easement


✓ -:- The right to use or access another property.




Emblements


✓ -:- Something that can be severed or removed from the property.




Fixture


2|P a g e | G r a d e A + | 2 0 2 0 2 5

,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



✓ -:- Anything that is actually fastened to the real property. Fixtures

become part of the real property.




Hypothecation


✓ -:- The ability to pledge my property as collateral in exchange for a

loan.




Improvement


✓ -:- Anything that has been built on the real property.




Legal Description


✓ -:- The way real property is described. Includes metes and bounds,

rectangular survey (for government survey), and lot and block (or

subdivision method).




Concept:




3|P a g e | G r a d e A + | 2 0 2 0 2 5

, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



Understanding how metes and bounds, rectangular (or government survey), and lot and

block (or subdivision method) legal descriptions are used is critical to accurately describing

property that is to be transferred.




Personal Property


✓ -:- Anything that is not attached or made part of the structure itself.

Also called chattel or personality.




Concept: Also known as chattel or personality, personal property are those things that are

owned that are not attached to the land. They can be moved from place to place. Once

emblements are removed from the real property, they become personal property. Anything

that was attached to the real property that is severed becomes personal property. Anything

that is owned but not attached or affixed to real property is personal property.




Personalty


✓ -:- Another name for personal property




Real Estate


4|P a g e | G r a d e A + | 2 0 2 0 2 5

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 TestTrackers. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 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
$13.49
  • (0)
  Add to cart