Georgia Real Estate Exam Questions And
Answers
appurtenance any right, interest, or improvement which automatically conveys with the
ownership of the property
run with the land rights and responsibilities which automatically convey
land starts at the earth's center and passes through the sur...
appurtenance any right, interest, or improvement which automatically conveys with the
ownership of the property
run with the land rights and responsibilities which automatically convey
land starts at the earth's center and passes through the surface and extends into space
above the surface to an indefinite height
tenements are things that permanently attached to the land; physically or legally and are
immovable by law
fructus naturales those grown naturally and requiring no annual cultivation; are considered
to be real property
fructus industriales emblements; crops that are planted and harvested each year
, Georgia Real Estate Exam Questions And
Answers
improvements any product of human planning or labor that is affixed to the land with the
intent of being permanent
percolating water underground water that is not confined to a specific waterway
water table the level at which percolating water is found
riparian rights concern those properties that border a river or stream and the owner has the
right to use the water for such things as swimming, boating or fishing. rights are not exclusive
because the rights of other owners whose properties border the same waterway must be respected
correlative rights allows the owner only a reasonable share of the water during times of
short supply
prior appropriation the right to use is secured by a permit
navigable waters rivers and oceans used for commercial shipping and are identified on
government survey maps
, Georgia Real Estate Exam Questions And
Answers
littoral rights properties which border large navigable lakes, oceans, or seas and typically
involve the use and enjoyment of the shore
mineral rights land owner rights to such things as coal, oil, gas and ores
right of lateral support protects adjoining land from being damaged by efforts to extract
minerals from below
law of capture refers to the process of removing oil and gas from land
air rights space above the land; may bee sold or leased separately from the land itself
severance the process by which an item of real property becomes personal property
fixture a property that was once personal becomes real property; such as built in
appliances
, Georgia Real Estate Exam Questions And
Answers
economic life real estate investors are not generally interested in how long buildings will
last, but in how long they will be profitable
scarcity the fact that an acre of land in a rural area cannot fulfill as many needs as an acre
of urban land describes the economic characteristic
legal description used to identify the property in such a way that it cannot be mistaken for
any other parcel of land and can be found at a later date in spite of changes that may occur
spot survey The survey a buyer receives at closing is called a __________.
plat of survey A _______________ is a map or drawing that shows the location and
boundaries of a land parcel, and in some cases, how the land is subdivided into lots.
metes and bound method of legal description identifies the parcel of land by describing its
boundaries. Metes ( are distances and directions), Bounds (are landmarks or monuments that
serve as markers each time the distance and direction must change)compass directions; must
have a point of beginning and must return back to the point of beginning by closure
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