NATIONAL INTERACTIVE STUDY GROUP 1 UNIT 1: BOBRA TAHAN HOWARD HARRIS
Study Group Information 2 Information regarding the Study Group may be found at: www.kapre.com/nationalinteractivestudygroup At this location you will find: Calendar of discussion topics Links to discussion questions
Notes for Tonight Chat has now been switched to a Moderated Mode. 3 Bobra Tahan and Howard Harris will both still see your Chat; however, the other students will no longer see Your chat unless either instructor sends your chat to the classroom. This will help preserve the anonymity of your answers. Even so, do not put anything into the chat that you would not want everyone to see.
Contact Information 4 Bobra Tahan and Howard Harris both have access to this account: nationalleadinstructor@brightwood.edu If you would like to discuss something on the phone, please send your phone number in the email and the best times to reach you.
Unit 1 TOPICS TO BE DISCUSSED: Your questions Water Rights Real property, personal property and fixtures Building codes and certificates of occupancy 5
Water rights to flowing water like a river are called? 6 A. Littoral rights B. Riparian rights C. River rights D. Streaming rights
Water rights to standing water like a lake are called? 7 A. Littoral rights B. Riparian rights C. Lake rights D. Ocean rights
Water rights based on first beneficial use are known as the Doctrine of? 8 A. Prior appropriation B. Accretion C. First in right D. Existing use
Real estate is defined as: QUESTION 9 A. Land, improvement and rights B. Land, interests, personal property and rights C. Land, improvements, water rights and personal property D. Land, fixtures, and personal property
Sale of a property always includes the mineral rights: 10 True False
What document is used to convey real estate/property? 11 A. Purchase and Sale agreement B. Bill of Sale C. Encumbrance D. Deed
What is the definition of personal property? 12 A. Items permanently affixed to land B. Fixtures C. Everything that is not real property D. Anything owned by a real person as opposed to a corporation
How is personal property conveyed? 13 A. Deed B. By personal delivery C. Devise D. Bill of sale
14 A fixture is a item that was once real property that has become personal property: True False
REVIEW 15 Intent of an object being affixed or installed with the apparent intent of improving the land is evidenced by the following: Attachment Adaptation Agreement (most important)
16 Real estate brokers and salespersons must know the difference between real property, personal property and fixtures. In considering the law of fixtures, all of the following would be used to determine if an item is a fixture EXCEPT: A. Method of attachment B. Adaptation to fit the property C. Written agreement D. Size of the item
Land can be considered a fixture: 17 True False
18 How are fixtures conveyed? A. Deed B. Bill of Sale C. Deed of Trust D. Mortgage
19 Countertops, attached stools, and other restaurant equipment are considered to be trade fixtures: True False
A seller wanting to keep the built in hot tub would need to exclude it in the purchase contract: True False 20
21 The main purpose of a master plan is to help control growth: True False
An area used to separate different types of land use is a zone: 22 A. Intermediate zone B. Middle zone C. Buffer zone D. Open area zone
Separate codes for electric and plumbing would be found by looking at the: 23 A. Certificate of occupancy B. Building codes C. Declaration D. Building plans
Building codes are primarily concerned with structural integrity and safety: 24 True False
Certificates of occupancy provide evidence of compliance with building codes and show that buildings are ready and fit for occupancy: 25 True False
26 Zoning codes are set at the: A. Local level B. State level C. Federal level D. At all of these levels
CONTACT INFORMATION Any questions I missed or that you still have? 27 Remember if you think of something after class you can reach both Bobra Tahan and Howard Harris at : nationalleadinstructor@brightwood.edu