Daily Real Estate Exam Prep Question #64 - Water Rights

Daily Real Estate Exam Questions Here!!! Today our question has to do with water rights. Definition: Water rights are the rights to use rivers, lakes, or oceans that fall adjacent to land. Owning land connected to water can add lots of value to a property. Water rights are appurtenant meaning they run with the land and not to the owner. Different types of waters rights exist based on various forms of water and where the property lays. The two basic forms of water rights are: -Riparian rights -Littoral rights Example: Many oceanfront businesses adjacent to water may depend on their water rights for business. If for some reason, their rights are infringed, or compromised, it could be detrimental to their operations. -=-=-=-=- Don’t forget to like and subscribe for more! Want to learn more about the smart way to get your real estate license and start a successful real estate career? Then make sure to visit the Real Estate License Wizard, getting started is easy. Just click the page below: https://realestatelicensewizard.com -=-=-=-=-