Exam (elaborations)
ASREB Chapter 1 Study Questions and Answers 100% Accurate
- Course
- Institution
ASREB Chapter 1 Study Questions
[Show more]
Content preview
ASREB Chapter 1 Study QuestionsProperty rights that go with ownership of real property are referred to as the - answer
bundle of rights
Surface of the earth, below to the center, and above with all natural things, is - answer
land
Personal property is conveyed with a document called a - answer bill of sale
Naturally growing plants are considered - answer real property
Emblements are considered - answer personal property
An item which was once personal property but is now real property is a - answer fixture
Ownership of trade fixtures depend on - answer when it is removed/expiration of the
lease
Cost - answeris not a factor in determining if an item is a fixture.
situs - answerpeople's preference for a certain area is called
deed - answerthe document used to transfer real property
What are the five tests of a fixture? - answerMARIA
Method of attachment
Agreement
Relationship of the parties
Intent of the annexer
Adaptability
The due date for property taxes for the first half of the year - answerOctober 1
November 1 - answerThe delinquent date for property taxes for the first half of the year
The due date for property taxes for the second half of the year - answerMarch 1
The delinquent date for property taxes for the second half of the year - answerMay 1
ad valorem - answerProperty taxes are based on the ___________ of the property
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jw638729. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77858 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now