Superior NC Real Estate Question
and Answer 2026 Grade A+ 100%
Correct Questions and Answers
‣ land -✓✓Earth's surface extending downward to the center of the earth and
upward to infinity, including things permanently attached by nature, such as trees
and water.
‣ real estate -✓✓Land at, above, and below the earth's surface, including all things
permanently attached to it (natural or artificial)
‣ real property -✓✓The land itself, the improvements thereon, and the interests,
benefits, and rights inherent in the ownership of real estate (i.e. the legal
relationship).
‣ chattels -✓✓Items of personal property, an item of movable personal property.
Also known as personalty.
‣ improved land -✓✓Land with man-made alterations such as streets, utilities,
sewers.
‣ personal property -✓✓All property that does not fit the definition of real
property. It is property that is movable.
‣ Economic Characteristics of Real Estate -✓✓Scarcity, Location, Improvements,
Permanence of Investment
‣ Physical Characteristics of Real Estate -✓✓Immobility, Industructibility,
Uniqueness
‣ highest and best Use -✓✓The use that will give the owners the greatest actual
return on their investment.
‣ Factors that affect demand -✓✓Population, demographics, employment and wage
levels.
,‣ Factors that affect supply -✓✓Labor force, construction costs, government
controls, and monetary or financial policies.
‣ broker -✓✓An agent who negotiates the sale, purchase, or rental of property on
behalf of others for a fee or commission
‣ business cycle -✓✓The upward and downward fluctuations in business activities
generally characterized by four stages: expansion, recession, depression, and
revival.
‣ demand -✓✓The amount of goods people are willing and able to buy at a given
price.
‣ market -✓✓A place where goods can be bought and sold and value established.
‣ nonhomogeneity -✓✓A lack of uniformity; dissimilarity; heterogeneity. Because
no two parcels of land are exactly alike, real estate is said to be this.
‣ provisional broker -✓✓A real estate licensee who performs real estate activities
under the supervision of a licensed real estate broker-in-charge.
‣ situs -✓✓The personal preference of people for one location over another, not
necessarily based on objective facts and knowledge.
‣ supply -✓✓The amount of goods available in the market to be sold at a given
price.
‣ improved land -✓✓Land with man-made alterations such as streets, utilities,
sewers.
‣ appurtenance -✓✓A right, a privilege, or an improvement belonging to, and
passing with, the land.
‣ surface rights -✓✓The rights to use the surface of the earth
‣ air rights -✓✓The rights to use the air above the land.
‣ water rights -✓✓The right to use adjacent bodies of water.
, ‣ riparian rights -✓✓Unrestricted rights granted to owners of land located along the
course of a river, stream, or lake.
‣ littoral rights -✓✓Unrestricted rights granted to owners whose land borders
oceans and large, navigable lakes that have a tide.
‣ accretion -✓✓An increase in land resulting from the deposit of soil by the water.
‣ lateral support -✓✓The right to have adjacent property support the natural
boundaries of the land.
‣ manufactured home -✓✓A home that is built according to the United States
Department of Housing and Urban Develpment (HUD) construction standards.
Also known as a mobile home or house trailer.
‣ modular home -✓✓Units that are constructed in factories off-site according to
state building codes. Once assembled on the home site, it is immediately
considered to be real property.
‣ fructus naturales -✓✓Fruits of nature.
‣ emblements (fructus industriales) -✓✓Growing crops, such as grapes and corn,
that are produced annually through labor and industry. Usually considered to be
personal property.
‣ fixture -✓✓An item that was once personal property but has been affixed to land
or building.
‣ trade fixture -✓✓An article owned by a tenant and attached to a rented space or
building for use in conducting a business.
‣ agricultural fixtures -✓✓Fixtures used in farming operations. They are considered
real property.
‣ fee simple absolute -✓✓Ownership on which there are no limitations, the highest
form of land ownership.
and Answer 2026 Grade A+ 100%
Correct Questions and Answers
‣ land -✓✓Earth's surface extending downward to the center of the earth and
upward to infinity, including things permanently attached by nature, such as trees
and water.
‣ real estate -✓✓Land at, above, and below the earth's surface, including all things
permanently attached to it (natural or artificial)
‣ real property -✓✓The land itself, the improvements thereon, and the interests,
benefits, and rights inherent in the ownership of real estate (i.e. the legal
relationship).
‣ chattels -✓✓Items of personal property, an item of movable personal property.
Also known as personalty.
‣ improved land -✓✓Land with man-made alterations such as streets, utilities,
sewers.
‣ personal property -✓✓All property that does not fit the definition of real
property. It is property that is movable.
‣ Economic Characteristics of Real Estate -✓✓Scarcity, Location, Improvements,
Permanence of Investment
‣ Physical Characteristics of Real Estate -✓✓Immobility, Industructibility,
Uniqueness
‣ highest and best Use -✓✓The use that will give the owners the greatest actual
return on their investment.
‣ Factors that affect demand -✓✓Population, demographics, employment and wage
levels.
,‣ Factors that affect supply -✓✓Labor force, construction costs, government
controls, and monetary or financial policies.
‣ broker -✓✓An agent who negotiates the sale, purchase, or rental of property on
behalf of others for a fee or commission
‣ business cycle -✓✓The upward and downward fluctuations in business activities
generally characterized by four stages: expansion, recession, depression, and
revival.
‣ demand -✓✓The amount of goods people are willing and able to buy at a given
price.
‣ market -✓✓A place where goods can be bought and sold and value established.
‣ nonhomogeneity -✓✓A lack of uniformity; dissimilarity; heterogeneity. Because
no two parcels of land are exactly alike, real estate is said to be this.
‣ provisional broker -✓✓A real estate licensee who performs real estate activities
under the supervision of a licensed real estate broker-in-charge.
‣ situs -✓✓The personal preference of people for one location over another, not
necessarily based on objective facts and knowledge.
‣ supply -✓✓The amount of goods available in the market to be sold at a given
price.
‣ improved land -✓✓Land with man-made alterations such as streets, utilities,
sewers.
‣ appurtenance -✓✓A right, a privilege, or an improvement belonging to, and
passing with, the land.
‣ surface rights -✓✓The rights to use the surface of the earth
‣ air rights -✓✓The rights to use the air above the land.
‣ water rights -✓✓The right to use adjacent bodies of water.
, ‣ riparian rights -✓✓Unrestricted rights granted to owners of land located along the
course of a river, stream, or lake.
‣ littoral rights -✓✓Unrestricted rights granted to owners whose land borders
oceans and large, navigable lakes that have a tide.
‣ accretion -✓✓An increase in land resulting from the deposit of soil by the water.
‣ lateral support -✓✓The right to have adjacent property support the natural
boundaries of the land.
‣ manufactured home -✓✓A home that is built according to the United States
Department of Housing and Urban Develpment (HUD) construction standards.
Also known as a mobile home or house trailer.
‣ modular home -✓✓Units that are constructed in factories off-site according to
state building codes. Once assembled on the home site, it is immediately
considered to be real property.
‣ fructus naturales -✓✓Fruits of nature.
‣ emblements (fructus industriales) -✓✓Growing crops, such as grapes and corn,
that are produced annually through labor and industry. Usually considered to be
personal property.
‣ fixture -✓✓An item that was once personal property but has been affixed to land
or building.
‣ trade fixture -✓✓An article owned by a tenant and attached to a rented space or
building for use in conducting a business.
‣ agricultural fixtures -✓✓Fixtures used in farming operations. They are considered
real property.
‣ fee simple absolute -✓✓Ownership on which there are no limitations, the highest
form of land ownership.
