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level: Level 1

Questions and Answers List

level questions: Level 1

QuestionAnswer
Civil Rights Act - Protects against discrimination on race and color1866
Quid Pro Quoyou scratch my back I scratch yours
Housing and Community Development Act1974 - Sex Gender Bias
Jones vs Mayer1968 - 13th amendment, prohibits all racial discrimination
Federal Fair Housing1968 - Race, Color, Religion, & National Orgin
Fair Housing Amendment Act1988 - Handicaps - AIDS, alcoholics, speech, hearing, sight, familial status
Abstract titleLists all activity on title since the root.
PatentOriginal Conveyance of Title from the GOVERNMENT to an individual
Dedication of TitlePrivate Citizen giving realty to Government
Vacation of TitleGovernment giving realty back to private citizen
GrantEEPerson receiving realty, not necessarily a buyer.
Granting ClauseDefines extent of estate being granted. Fee simple or a lesser interest. (the amount of interest)
ConsiderationMoney or other valuable things. $$$$$$
Items needed for deed to be Valid.Grantor, Grantee (real person), granting clause, how title was taken, consideration, exceptions/restrictions, legal address/description, & grantors signature.
Riparian RightsRiver or Stream rights
Littoral Rightslake or ocean rights
EstoversRight of tenant to use wood of owner in a lease situation
Wastelessor or life estate holder fails to keep realty in the same condition it was received in.
Adverse PossessionAcquisition of property by CONTINUOUS, ACTUAL, OPEN, and NOTORIOUS use of the land of another with or without their permission for an extended period of time.
EmblementsFruit of the crop. Regarded as personal property. AKA you sell your land, but planted crops you have rights to the 1st harvest of those crops.
Allodial Land SystemUse it or Lose it. Real property law where individuals can hold clear title to property and have full ownership of rights.
Tackingcombining successive periods of continuous use or occupation of property to establish adverse possession or a prescriptive easement.
EncumbrancesAnything that effects value of realty including a lien.
FixturePersonal property that has been attached to realty in a permanent way
Tangible or CorporealVisual value of realty, something you can touch. Ex: a house
License.Privilege to be on someones property. Can be canceled by owner at anytime, privilege attaches to the person NOT the realty.
SurveyProcess where boundaries are determined for a plot of land, including easements and encroachments.
Can you will a life estate?NO
Reversionary Interest Life EstateGrantOR gets realty back when GrantEE dies.
What is APR?True annual interest rates.