Unit 1-A Property and Government Rights

1

100

Personal property is conveyed with a document called a

Bill of Sale

200

An item that was once personal property but is now real property is a

Fixture

300

The document used to transfer real property is a 

Deed

400

A trade fixture is the personal property of a

tenant

500

Real estate licensees may sell new or used mobile homes and may represent

Buyers or Sellers

2

100

Naturally growing plants are considered

Real Property

200

Emblements are considered

Personal Property

300

Something attached to real estate that transfers with it is a(an)

Fixture

400

The Arizona document that causes mobile homes to be taxed as real estate is the

Affidavit of Affixture

500

fixture test MARIA

Method of attachment

Agreement of the parties

Relationship to the parties

Intent

Adaptation

3

100

The four government authority rights are

PETE:

police power, eminent domain, taxation, and escheat

200

The right of the government to take private property for public good is

Eminent Domain

300

The process by which property is taken for public good is

Condemnation

400

When condemnation occurs, the property owner must be given

just compensation

500

The term for someone dying without a will is

Intestate

4

100

The government receives ownership of real property from a private entity through

Dedication

200

If a person dies intestate and has no heirs, the property passes to the state under the doctrine of

Escheat

300

The government receives ownership of real property from a private entity through

Condemnation

400

In Arizona, a court action to take property under eminent domain must be preceded by

good faith negotiations, which must include an appraisal and at least one written offer.

500

Severance vs Annexation

Severance – converting real property to personal property by detaching it from the land.

Annexation – converting personal property to real property by attaching it to the land.

Bundle of Rights

100

Disposition

The right to transfer all or some of the rights to other people. Disposition can be a sale, transfer, conveyance, grant, gift, devise, dedication or demise.

200

Exclusion

The right to stop others from using or entering the property.

300

Enjoyment

The right to free use of the property without interference from other people or society.

400

Possession

The right to physically occupy and use the land and make it productive.

500

Control

The right to physically alter or change the property.