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Ch 6: Advanced Property Ownership Issues

About This Chapter

This Advanced Property Ownership Issues chapter is a convenient way to learn more about ownership rights, property sales and much more. Use the chapter's quizzes to test your knowledge of property ownership issues.

Advanced Property Ownership Issues - Chapter Summary

This chapter discusses advanced property ownership issues, including water, oil, gas and mineral rights. You'll also take a look at concepts like the rights of dower and curtesy in real estate property. After completing this chapter, you should be able to:

  • Discuss the emblements and rights of profit a prendre
  • List the definition and effects of accretion, avulsion and reliction
  • Disclose the requirements of property purchase at foreclosure and trustee sales
  • Outline the procedure for REO property and short sales
  • Explain considerations for cooperatives, timeshares, and condominium ownership
  • List the differences between legal and equitable titles
  • Compare recordings and registration systems

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12 Lessons in Chapter 6: Advanced Property Ownership Issues
Test your knowledge with a 30-question chapter practice test
Rights of Dower & Curtesy in Real Property

1. Rights of Dower & Curtesy in Real Property

Dower and curtesy are legal concepts that can be traced back to the medieval period and are still relevant in some states today. In this lesson, you'll learn about dower and curtesy as it concerns real property law.

Profit A Prendre: Emblements & Rights

2. Profit A Prendre: Emblements & Rights

Sometimes people have a legal right to take stuff on land you own. In this lesson, you'll learn about profit a prendre and related concepts in the context of real property law. A short quiz follows the lesson.

Water Rights: Definition & Types

3. Water Rights: Definition & Types

Just become you have water on your property doesn't mean you actually ~'own~' it. In this lesson, you'll learn about water rights including different types recognized under the law. You'll have an opportunity to take a short quiz after the lesson.

Accretion, Avulsion & Reliction: Definition & Effects

4. Accretion, Avulsion & Reliction: Definition & Effects

Changes in a body of water can affect your property. In this lesson, you'll learn about accretion, avulsion and reliction and how each can affect a parcel of property.

Oil, Gas & Mineral Rights: Overview & Effects

5. Oil, Gas & Mineral Rights: Overview & Effects

Sometimes what lies beneath is more valuable than what lies on. In this lesson, you'll learn about mineral rights and their effect on surface owners. A short quiz follows the lesson.

Property Purchase at Foreclosure & Trustee Sales

6. Property Purchase at Foreclosure & Trustee Sales

Some of the best real estate bargains and most risky transactions can be found at judicial foreclosures and trustee sales. In this lesson, you'll learn about these real estate transactions from a buyer's perspective. A short quiz follows the lesson.

REO Property & Short Sales: Definition & Procedure

7. REO Property & Short Sales: Definition & Procedure

Short sales and REO properties often offer great opportunities for potential homeowners and real estate investors. In this lesson, you'll learn about short sales and REO property transactions. A short quiz follows.

Condominium Ownership: Definition & Considerations

8. Condominium Ownership: Definition & Considerations

Owning a condominium is significantly different than owning a detached house on your own lot. In this lesson, you'll learn about what exactly a condo is, it's key characteristics, and other considerations. A short quiz follows the lesson.

Cooperatives: Definition & Requirements

9. Cooperatives: Definition & Requirements

Sometimes you don't own your home, but you own the entity that owns your home. In this lesson, you'll learn about cooperatives, their general characteristics, and different types. A short quiz follows the lesson.

Timeshares: Definition & Considerations

10. Timeshares: Definition & Considerations

Perhaps one of the most exotic and controversial property ownership structures is the timeshare. In this lesson, you'll learn about what a timeshare is and its key characteristics. You'll also have a chance to take a short quiz after the lesson.

Legal & Equitable Title: Differences & Importance

11. Legal & Equitable Title: Differences & Importance

Sometimes title to property is split into legal title and equitable title with different people holding each type of title over the same parcel of real estate. In this lesson, you'll learn about legal and equitable title and their differences.

Differentiating Between Recording & Registration Systems

12. Differentiating Between Recording & Registration Systems

Recording and registration systems help provide parties to real estate transactions information on the property, which makes transactions less risky. In this lesson, you'll learn about the difference between these two systems. A short quiz follows.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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