Massachusetts Real Estate Exam Questions and Answers Graded A

Massachusetts Real Estate Exam Questions and Answers Graded A 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 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)