Step By Step Solutions
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Terms in this set (235)
Surface rights consist of only the right False
to control, occupy, and use the
surface area of a parcel of real estate.
T/F?
Mineral rights are: D
A. Always considered to be personal
property
B. Always pass with the land
C. Cannot be sold separately from the
land
D. Pass with the land, unless otherwise
specified in the deed
Which of the following is NOT an C
improvement of land?
A. Building
B. Sidewalk
C. Corn crop
D. Flower bed
,Six months after Brady bought his A
home, he installed custom made
storm windows and doors throughout
the house. Later, when he sells his
property, will these storm windows
and doors automatically convey with
the house?
A. Yes, unless in advance of the sale,
Brady clearly specifies that they will
be removed.
B. Yes, if he lived in the property at
least a year before the sale.
C. No, because they were not part of
the original structure
D. No, because they can be removed,
if they are taken off carefully
David owns property along the banks A
of the Little Big Horn River. Scott owns
property adjoining David's, and has
access to the highway, but not to the
river. Scott and David grant each
other appurtenant easements to cross
each others property to get to the
road and the river respectively. The
riparian rights associated with
property ownership belong to:
A. David because his property
borders the river
B. Scott, because he has an easement
to cross David's land
C. Both David and Scott
D. Neither
Which of the following is NOT a test of C
a fixture?
A. Manner of attachment
B. An agreement between the parties
C. Time of attachment
D. Manner of adaptation
,Which of the following best describes B
a parcel of land?
A. The surface of the earth including
control of all minerals and substances
beneath
B. The surface of the earth extending
down to the center and upward to the
sky
C. The earth's surface closely marked
by certain boundaries
D. The surface of the earth extending
down a reasonable distance and up
into the air a reasonable distance
Littoral rights is a term referring to all False
water rights T/F?
Each of the following is a test of C
whether or not something is a fixture,
EXCEPT:
A. Method of attachment
B. Adaptability
C. Cost
D. Relationship of the parties
The right of one party to possess and Ownership
use real property exclusive of others
is:
, A prospective buyer noticed an C
ornate flag pole attached to the front
porch of the house she wants to
purchase. She wants to make certain
that the flag pole is included in the
sale. What should the agent do?
A, Because the pole is attached and
will automatically convey
B. call seller and advise them the
buyer wants the pole
C. include the flag pole in the offer to
purchase
D. photograph the flag pole as
evidence of its attachment
A couple is interested in buying a B
house that has an odd shaped living
room. The current owners had a
custom-made, free-standing
bookcase built to specifically fit into
one part of the room. The buyer
believes this is a fixture because it is
uniquely adapted to this specific
room. The seller believes this is not a
fixture because it is free-standing. To
avoid any misunderstandings, what
should the listing licensee do?
A. Assure the seller there is nothing to
worry about
B. Include a provision in the
agreement of sale (and listing
contract) that states whether the
bookcase is included with the sale or
not.
C. Assure the buyer there is nothing to
worry about
D. File an interpleader action in court