EXAM Questions and Answers
Updated 2026
AnAownerAofArealAestateApossessesAcertainArights,Aincluding:
A.ApossessionAofAtheAproperty
B.AcontrolAofAtheAproperty
C.AdispositionAofAtheAproperty
D.AallAofAtheAaboveA-AAnswerAD.AAllAtheAabove
Explanation
Possession,AcontrolAandAdispositionAofAownershipAareAincludedAinAtheAbundleAofArights.ATheA
"BundleAofARights"AcanAbestAbeArememberedAbyAtheAnameA"C-U-P-E-
D".ATheseAlettersAstandAforAcontrol,Ause,Apossess,Aenjoyment,AandAdispose.
PersonalApropertyAmayAbeAdistinguishedAfromArealApropertyAbyAits:
A.AgreatAvariety
B.Amobility
C.AoverheadAprice
D.AmultiplicityAofAusesA-AAnswerAB.AMobility
Explanation
PersonalApropertyAisAnotAattachedAtoAtheAlandAorAtheAimprovementsAandAitAusuallyAisAmova
ble.AEvenAthoughAitAmayAbeApersonalAproperty,AtheAcontractAcanAincludeAitAinAtheAsaleAofAth
eArealAestateAandAthen,AbyAmeansAofAtheAcontractAitAdoesAbecomeArealAestate.
FromAtheAlegalApointAofAview,ArealAestateAincludes:
A.AtheAearth'sAsurface
B.AunderlyingAminerals
C.AundergroundAwater
, D.AallAofAtheAaboveA-AAnswerAD.AAllAtheAabove
Explanation
RealAestateAisAlandAfromAtheAearthsAsurfaceAtoAtheAcenterAofAtheAearthAandAupAintoAspace,A
plusAanyAnaturalAattachmentsA(example:Atrees,Aoil,Aminerals)AorApermanentAman-
madeAimprovementsA(example:Ahouse,Afactory,Afence,Asewer)AthatAareAattached.
LegalAtestsAtoAdetermineAwhetherAaAfixtureA(somethingAwhichAisAattached)AshouldAstayAorAca
nAbeAremovedAfromAaApropertyAbyAaASellerAincludeAallAofAtheAfollowingAEXCEPT:
A.AintentionAofAtheAparties
B.AmethodAofAattachment
C.AhowAtheyAwereApurchased
D.AexistenceAofAanAagreementA-AAnswerAC.AhowAtheyAwereApurchased
Explanation
LegalAtestsAofAaAfixtureAincludeAintentionAofAtheApartiesA(didAtheyAplanAforAitAtoAstayAorAdid
AtheyAplanAtoAtakeAtheAobjectAusuallyAdefinedAinAtheAcontract),AmethodAofAattachmentA(isAitA
screwedAintoAtheAwallAlikeAaAcurtainArodAorAisAitAjustAhangingAonAaArodAlikeAaAcurtain),Aits
AtypeAandAadaptabilityAtoAtheArealAproperty,AandAtheArelationshipAofAtheApartiesAwhichAisAu
suallyAsetAforthAinAanAagreementAorAcontract.
TheAwordAimprovementArefersAto:
A.Astreets
B.AsewageAandAdrainageAsystems
C.Asidewalks
D.AallAofAtheAaboveA-AAnswerAD.AallAofAtheAabove
Explanation
Streets,Asidewalks,Asewers,AandAdrainageAsystemsAallAareAimprovementsAtoAtheAlandAandAinc
reaseAitsAvalue.
RealApropertyAmayAbecomeApersonalApropertyAby: