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REE 3043 Exam 2 questions with verified answers $12.49   Add to cart

Exam (elaborations)

REE 3043 Exam 2 questions with verified answers

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  • REE 3043
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  • REE 3043

REE 3043 Exam 2 questions with verified answers

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  • September 5, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • REE 3043
  • REE 3043
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REE 3043 Exam 2 questions with verified
answers

capital markets - ✔✔long term financial securities traded


property markets - ✔✔right to receive property, cash flows traded


real property bundle of rights - ✔✔possession, use, disposition


freehold - ✔✔an estate that is of unlimited indefinite duration


fee simple absolute - ✔✔all possible rights, greatest interest available


fee simple conditional - ✔✔revocable if specific condition is violated



ordinary life estate - ✔✔ownership ends at death and reverts to grantor
or passes to designated person


leaseholds - ✔✔temporary conveyance of possession and use


fixture - ✔✔chattel has become real property legally by affixing it to realty

, building - ✔✔structure with walls and a roof that is permanently affixed to
the land


leasehold estates - ✔✔specific period of time


periodic tendency - ✔✔no definite ending dates



easement - ✔✔right to use, or limit, use of land for a specific purpose
without possessing it


appurtenant easement - ✔✔benefit attaches to a parcel of land



in gross easement - ✔✔benefits accrue to the holder independent of
any particular parcel of land


affirmative easement - ✔✔allows intrusive use of burdened land


negative easement - ✔✔restricts burdened landowner's use of land


lien - ✔✔interest in property given as security for repayment of a debt



property right - ✔✔lienholder can take possession of the property
upon foreclosure and sell property to retire debt

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