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Maine - Real Estate Exam Questions and Answers 2024 Review
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Maine - Real Estate Exam Questions andAnswers 2024 Review
An object that has been attached to land so as to become real
estate.
An article of personal property which has been installed in or
attached to land or a building thereon, in such a manner that it is
now considered to be a part of the real estate. - Answer>>
Fixture
Beneficial attachments to raw land that increase its value or
improve its usefulness. - Answer>> Improvements
Imaginary north-south lines which intersect base lines to form a
starting point for the measurement of land. - Answer>>
Meridians
A detailed method of land description that identifies a parcel by
specifying its shape and boundaries. - Answer>> Metes and
bounds
An iron pipe, stone, tree, or other fixed point in making a survey. -
Answer>> Monument
A right or interest in things of a temporary or movable nature -
Answer>> Personal Property
Land, tenements, and appurtenances, whatever is made part of or
is attached to it by nature or man; the land and all the
improvements thereon. (Also real property) - Answer>> Real
Estate
,A subdivision map filed in the county recorder's office that shows
the location and boundaries of individual parcels of land. -
Answer>> Recorded Plat
Owner's rights in land that borders on or includes a stream, river.
Rights include access to and use of the water - Answer>>
Riparian Right
Any right or privilege which belongs to and passes with land. -
Answer>> Appurtenance
Crops nurtured in the year of the transfer or sale of the property.
They are considered personal property. - Answer>>
Emblements
Owner's rights in land that borders a lake or sea. - Answer>>
Littoral Rights
The notion of giving a river's water to the 1st person who claimed
it - Answer>> Doctrine of prior appropriation
a permanently affixed mark that establishes the exact elevation of
a place; used by surveyors in measuring site elevations, or as a
starting point for surveys . - Answer>> Bench Marks
Rectangular system of land survey made up of 6 mile square
townships and 1 mile square sections. - Answer>> Government
Survey
A 6-by-6 mile area containing 36 sections each 1 mile square. A
division of land in the rectangular survey method of land
description. - Answer>> Township
, A measure of land equal to 43,560 square feet. - Answer>>
Acre
No two parcels of land are exactly alike, and no two parcels can
occupy the same position on the globe. Uniqueness - Answer>>
Nonhomogeneity
Shortage of land where there is great demand. - Answer>>
Scarcity
Economic characteristic of real property that describes the
permanence of investment in infrastructure improvements. -
Answer>> Investment Permanence (fixity)
Refers to the location from an economic rather than a geographic
standpoint. - Answer>> Situs
The system of land ownership under which anyone can own land.
- Answer>> Allodial System
A type of land ownership whereby only the king can hold absolute
title to real property. - Answer>> Feudal System
An action brought by a property owner seeking just compensation
for land taken for public use when the taker of the property does
not intend to bring eminent domain proceedings. Property is
condemned because its use and value have been diminished due
to an adjacent property's public use. -Homes located at the end of
an airport. - Answer>> Inverse Condemnation
Absolute ownership. The greatest interest that one can have in
real property. An estate that is without restriction, of indefinite
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