REAL ESTATE PRINCIPLES FINAL EXAM
100 QUESTIONS CORRECT ANSWERS
VERIFIED FULL SOLUTION GRADED A+
⩥ What is the correct answer to the knowledge question about
immobility?
Answer: c. Land is fixed in location.
⩥ What are application questions?
Answer: Application questions require students to use their
knowledge and apply it to a situation.
⩥ What happens when a farm is sold before the lease ends?
Answer: b. The lease survives and the tenant farmer can harvest
the wheat when it is ripe or sell it to the new owner.
⩥ What are analysis questions?
Answer: Analysis questions require students to examine an act
and draw a conclusion or make a decision.
⩥ What can neighbors do to enforce deed restrictions?
,Answer: a. Seek an injunction from the courts against the owner
in violation.
⩥ What is real property?
Answer: Real property consists of land, improvements attached
to the land, benefits, rights, and ownership interests that go with
the land.
⩥ What is an appurtenance?
Answer: An appurtenance is a right, privilege, or improvement
that belongs to and passes with the land.
⩥ What are improvements in real property?
Answer: Improvements are man's additions to the land, such as
buildings and landscaping.
⩥ What is a fixture?
Answer: A fixture is an item that was personal property but has
been attached or installed in such a way that it has become real
property.
⩥ What is annexation?
,Answer: Annexation is the process of real property becoming
personal property when a fixture is uninstalled.
⩥ What are trade fixtures?
Answer: Trade fixtures are fixtures installed by a tenant to carry
out a business and may be removed before the lease termination.
⩥ What are emblements?
Answer: Emblements are crops cultivated annually, considered
the personal property of the farmer who cultivated them.
⩥ What are the three physical characteristics of land?
Answer: 1. Nonhomogeneity (uniqueness), 2. Immobility (fixed
location), 3. Indestructibility (durability).
⩥ What are the four economic characteristics of land?
Answer: 1. Scarcity, 2. Modification, 3. Fixity, 4. Situs.
⩥ What is a legal description?
Answer: A legal description is a precise description of land
created by a surveyor, necessary for enforceable contracts.
, ⩥ What is the metes and bounds method?
Answer: Metes and bounds descriptions use terminal points and
angles, starting from a point of beginning (p.o.b.) to define land.
⩥ What is the significance of the point of beginning in metes
and bounds?
Answer: The point of beginning is the starting and ending point
of the land description, ensuring the land is completely defined.
⩥ What are Monuments in land description?
Answer: Permanent surveyor markers, which can be man-made
or natural, used as starting points in a Metes and Bounds
description.
⩥ What is a Lot, Block, and Subdivision description?
Answer: A land description derived from a recorded map called
a plat, commonly used in residential listing agreements.
⩥ What is the Rectangular Survey System?
Answer: Also known as the Government Survey System, it uses
baselines, meridians, townships, and sections to describe land.
100 QUESTIONS CORRECT ANSWERS
VERIFIED FULL SOLUTION GRADED A+
⩥ What is the correct answer to the knowledge question about
immobility?
Answer: c. Land is fixed in location.
⩥ What are application questions?
Answer: Application questions require students to use their
knowledge and apply it to a situation.
⩥ What happens when a farm is sold before the lease ends?
Answer: b. The lease survives and the tenant farmer can harvest
the wheat when it is ripe or sell it to the new owner.
⩥ What are analysis questions?
Answer: Analysis questions require students to examine an act
and draw a conclusion or make a decision.
⩥ What can neighbors do to enforce deed restrictions?
,Answer: a. Seek an injunction from the courts against the owner
in violation.
⩥ What is real property?
Answer: Real property consists of land, improvements attached
to the land, benefits, rights, and ownership interests that go with
the land.
⩥ What is an appurtenance?
Answer: An appurtenance is a right, privilege, or improvement
that belongs to and passes with the land.
⩥ What are improvements in real property?
Answer: Improvements are man's additions to the land, such as
buildings and landscaping.
⩥ What is a fixture?
Answer: A fixture is an item that was personal property but has
been attached or installed in such a way that it has become real
property.
⩥ What is annexation?
,Answer: Annexation is the process of real property becoming
personal property when a fixture is uninstalled.
⩥ What are trade fixtures?
Answer: Trade fixtures are fixtures installed by a tenant to carry
out a business and may be removed before the lease termination.
⩥ What are emblements?
Answer: Emblements are crops cultivated annually, considered
the personal property of the farmer who cultivated them.
⩥ What are the three physical characteristics of land?
Answer: 1. Nonhomogeneity (uniqueness), 2. Immobility (fixed
location), 3. Indestructibility (durability).
⩥ What are the four economic characteristics of land?
Answer: 1. Scarcity, 2. Modification, 3. Fixity, 4. Situs.
⩥ What is a legal description?
Answer: A legal description is a precise description of land
created by a surveyor, necessary for enforceable contracts.
, ⩥ What is the metes and bounds method?
Answer: Metes and bounds descriptions use terminal points and
angles, starting from a point of beginning (p.o.b.) to define land.
⩥ What is the significance of the point of beginning in metes
and bounds?
Answer: The point of beginning is the starting and ending point
of the land description, ensuring the land is completely defined.
⩥ What are Monuments in land description?
Answer: Permanent surveyor markers, which can be man-made
or natural, used as starting points in a Metes and Bounds
description.
⩥ What is a Lot, Block, and Subdivision description?
Answer: A land description derived from a recorded map called
a plat, commonly used in residential listing agreements.
⩥ What is the Rectangular Survey System?
Answer: Also known as the Government Survey System, it uses
baselines, meridians, townships, and sections to describe land.
