Metrobrokers Final Questions with Complete Solutions

What is the function of a Bill of Sale? Of a Deed? Correct Answer-Answered by to sell personal property, deed: sale of real property_____ real estate Real property consists of what two (2) elements? Answered by____________ Correct Answer-land , attachments / appurtenances ( runs with the land ) Real property includes what three (3) rights? Might these rights be separated? How? Answered by__________ Correct Answer-water rights , minerals rights, air rights These can be sold or leased separately. An owner might sell the land but keep the mineral rights . Define the term Appurtenance. Correct Answer-by Runs with the Land_________ Appurtenance is defined as any right, interest or improvement which convey with the ownership of the property and also the rights and responsibilities. A percolation test serves what purpose? How do percolating water and the water table interact? Correct Answer-A percolation test is used to determine the feasibility of installing