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

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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

Arizona Real Estate Exam Lessons

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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

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