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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

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  • Course
  • Utah Real Estate
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  • 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...

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  • September 20, 2024
  • 95
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Utah Real Estate
  • Utah Real Estate
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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




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,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


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,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:




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, 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


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