2020 2021 Arizona Real Estate Salesperson Exam Lesson 3: Types of Property and Land Use

Real Estate Exam Lessons for the Audio Learner

Here is the 2021 Arizona Real Estate Salesperson Exam Lesson 3: Types of Property and Land Use 2021 Arizona Real Estate Salesperson Exam Lesson 3: Types of Property and Land Use Here is a free lesson for the 2021 Arizona Real Estate Salesperson Exam Lesson 3: Types of Property and Land Use. The full series of lessons is available at the Website https://www.reexampodcast.com Types of Property and Land Use Land = the surface of the earth, everything below the earth and all natural things permanently attached to the earth and all things in the air above it. Real Estate = land + all man-made structures that are permanently attached to the land, also known as improvements. Real Property = Real estate + the bundle of rights that come with the property. Personal Property = non-permanent possessions that are not real estate. Can be tangible or intangible. Fixtures are personal property attached permanently to the land. • Playground equipment • Pools • Fences An RV is still personal property. Rights: • Ownership/Possession • Use • Encumbrance • Exclusion • Destruction • Transfer (sell, rent, donate, assign, bequeath) • Suface rights • Subsurface rights • Riparian water rights • Littoral water rights • Air rights Emblements are growing plants that are on a property. They are considered personal property. Physical Characteristics of Land: • Immobility • Indestructibility • Non-homogeneity Economic Characteristics of Land: • Scarcity • Improvements • Permanence • Situs • Highest and best use Master Plan = long term growth plan Types of Zones • Residential • Commercial • Industrial • Agricultural • Public • Special use Exceptions • Nonconforming use • Variances • Special exceptions • Amendments