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Explain how the bundle of rights is a part of Real Estate Ownership? Where is the origination of Common Law? Describe the Principle of Stare

  1. Explain how the bundle of rights is a part of Real Estate Ownership?
  2. Where is the origination of Common Law? Describe the Principle of Stare Decisis?
  3. Describe the basic difference between Mediation and Arbitration?
  4. Why is the Statute of Frauds important to the Real Estate profession?
  5. What is the difference between Real Property and Personal Property? How could the misunderstanding of this concept become a serious issue in a Real Estate transaction?
  6. What are the three classes or elements of Real Property? What does the term Riparian Rights mean?
  7. List the 5 tests of whether personal property has become a fixture? (hint MARIA)
  8. What is an easement? What is it called when an easement is obtained against the consent of the landowner? What type of easement can be created by two adjacent landowners where one of them is landlocked by the other landowner?

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