Chapter 2 Review (5)

admin 2019.05.04 21:26 Views : 303

Chapter Review

Subsurface rights apply to land beneath the surface of the real estate parcel extending from its surface boundaries downward to the center of the earth. Notable subsurface rights are the rights to extract mineral, oil and gas deposits, and subsurface water from the water table.

Air rights apply to the space above the surface boundaries of the parcel, as delineated by imaginary vertical lines extended to infinity. A landowner’s air rights entail the exclusive right to that air space necessary for the reasonable use and enjoyment of the property.

Regulation Of Real Property Interests 

  • Federal regulation - grants overall rights of ownership; controls broad usage standards, discrimination
  • State regulation - governs the real estate business; sets regional usage standards 
  • Local regulation - levies real estate taxes; controls specific usage 
  • Judicial regulation - applies case law and common law to disputes
No. Subject Author Date Views
222 Real Estate Law 17 admin 2019.05.06 574
221 Real Estate Law 16 admin 2019.05.06 322
220 Real Estate Law 15 admin 2019.05.06 245
219 Quiz 3 admin 2019.05.05 11252
218 Chapter 3 Summary admin 2019.05.05 295
217 Real Estate Law 14 admin 2019.05.05 349
216 Real Estate Law 13 admin 2019.05.05 221
215 Real Estate Law 12 admin 2019.05.05 242
214 Real Estate Law 11 admin 2019.05.05 235
213 Real Estate Law 10 admin 2019.05.05 208
212 Real Estate Law 9 admin 2019.05.05 208
211 Real Estate Law 8 admin 2019.05.05 244
210 Real Estate Law 7 admin 2019.05.05 265
209 Quiz Law 2 admin 2019.05.04 52960
» Chapter 2 Review (5) file admin 2019.05.04 303
207 Chapter 2 Review (4) admin 2019.05.04 257
206 Chapter 2 Review (3) admin 2019.05.04 292
205 Chapter 2 Review (2) admin 2019.05.04 500
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203 Real Estate Law 6 admin 2019.05.04 291