Surface rights consist of only the right to control, occupy, and use the surface area
of a parcel of real estate. T/F?
False - 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
D - Answer =>
Which of the following is NOT an improvement of land?
A. Building
B. Sidewalk
C. Corn crop
D. Flower bed
C - 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
A - 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
C - 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
B - Answer =>
,Littoral rights is a term referring to all water rights T/F?
False - 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
C - Answer =>
The right of one party to possess and use real property exclusive of others is:
Ownership - 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
C - 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
D. Mineral rights
B - Answer =>
Personal property which is attached to a building and which will convey with the
land is known as?
B - Answer => All of the following are personal property EXCEPT:
A. Trade fixtures
B. a privacy fence
C. patio furniture
D. portable dishwasher
a fixture - Answer =>
Merging two or more properties into common ownership is known as _____, while
any increase in value that results is known as _____.
assemblage; plottage - Answer =>
Two real estate developers are working on similar but competing commercial
developments. Both projects are finished at approximately the same time and are
of similar quality and purpose. Which of the following would most likely
characterize the reasons that one succeeds while the other fails?
Situs - Answer =>
of a parcel of real estate. T/F?
False - 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
D - Answer =>
Which of the following is NOT an improvement of land?
A. Building
B. Sidewalk
C. Corn crop
D. Flower bed
C - 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
A - 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
C - 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
B - Answer =>
,Littoral rights is a term referring to all water rights T/F?
False - 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
C - Answer =>
The right of one party to possess and use real property exclusive of others is:
Ownership - 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
C - 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
D. Mineral rights
B - Answer =>
Personal property which is attached to a building and which will convey with the
land is known as?
B - Answer => All of the following are personal property EXCEPT:
A. Trade fixtures
B. a privacy fence
C. patio furniture
D. portable dishwasher
a fixture - Answer =>
Merging two or more properties into common ownership is known as _____, while
any increase in value that results is known as _____.
assemblage; plottage - Answer =>
Two real estate developers are working on similar but competing commercial
developments. Both projects are finished at approximately the same time and are
of similar quality and purpose. Which of the following would most likely
characterize the reasons that one succeeds while the other fails?
Situs - Answer =>
