PREPARATION WORKBOOK PROPERTY
TRANSACTIONS MOCK TEST ITEMS
COMPLETE SOLUTIONS
◉ D. Answer: Mineral rights are:
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
◉ C. Answer: Which of the following is NOT an improvement of
land?
A. Building
B. Sidewalk
C. Corn crop
D. Flower bed
◉ A. Answer: Six months after Brady bought his 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
◉ A. Answer: David owns property along the banks 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
◉ C. Answer: Which of the following is NOT a test of a fixture?
A. Manner of attachment
B. An agreement between the parties
C. Time of attachment
D. Manner of adaptation
,◉ B. Answer: Which of the following best describes 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
◉ False. Answer: Littoral rights is a term referring to all water rights
T/F?
◉ C. Answer: Each of the following is a test of whether or not
something is a fixture, EXCEPT:
A. Method of attachment
B. Adaptability
C. Cost
D. Relationship of the parties
◉ Ownership. Answer: The right of one party to possess and use real
property exclusive of others is:
◉ C. Answer: A prospective buyer noticed an 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
◉ B. Answer: A couple is interested in buying a 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
◉ B. Answer: Real property would include:
A. Fixtures
B. Each of these choices
C. Air space