Georgia Real Estate Exam Questions and Answers Rated 100% Correct(RATED A+)

Deed - ANSWER-Document used to transfer title. Title - ANSWER-Land+ deed, (who are the owners and what are their rights?) Real Estate - ANSWER-Land+appurtenances (right or improvement attached to the land) Two types of characteristics of land: - ANSWER-Physical & economic What are the physical characteristics of land? - ANSWER-Immovable, indestructible,unique(non-homogenous) What are the economic characteristics of land? - ANSWER-Scarcity, improvable, permanence of investment; situs Situs - ANSWER-Property location Non-homogenous - ANSWER-Unique Personal propery - ANSWER-Anything not real, Bill of sale (doc) chattel Chattel - ANSWER-Personal property Bill of sale - ANSWER-Document used in personal property Severance vs. Fixture - ANSWER-Test MIAA= Method of attachment, Intention of the attaching