Superior School of Real Estate Exam (Latest 2024/ 2025
Updates STUDY BUNDLE PACKAGE WITH SOLUTIONS)
Questions and Verified Answers| 100% Correct| Grade
A
Appurtenance - ANSWERAny right or privilege that is considered to run with the
land.
Bill of Sale - ANSWERAbstract of titleAn instrument transferring ownership of
personal property
Chattel - ANSWERpersonal property
Deed - ANSWERA written instrument, usually under seal, which contains an
agreement to transfer some property interest from a grant- or to a grantee
Hereditaments - ANSWERAll the corporeal and incorporeal attributes of real estate
that can be inherited
Highest and Best Use - ANSWERThe legal use of a parcel of land, which when
capitalized, will generate the greatest net present value of income
Immobility - ANSWERA physical characteristic of land describing the impossibility of
relocating land from one place to another
Improvements - ANSWERStructures, walls, roads, and so on
Indestructibility - ANSWERA physical characteristic of land meaning that land is a
permanent commodity and cannot be destroyed.
Land Use Controls - ANSWER
Land - ANSWERThe surface of the earth, the area above and below the surface, and
everything attached naturally
Nonhomogeneity - ANSWERA physical characteristic of land describing that land as a
unique commodity
Personal Property - ANSWERAll property that is not land and is not permanently
attached to land; everything that is movable.
Personalty - ANSWERPersonal property or chattels.
Real Estate - ANSWERland and everything that is attached to it including
interchangeable with the terms real property and realty
, Real Property - ANSWERLand and everything permanently attached to it including all
rights and interests in the land
REALTOR® - ANSWERA registered trademark of the NATIONAL ASSOCIATION OF
REALTORS. It is used to only limited members
Realty - ANSWERLand and everything permanently attached to land.
Scarcity - ANSWERa short supply in comparison with demand
Situs - ANSWERLocation of land
Specific Performance - ANSWERAn instruction of a court requiring a defaulting party
to a contract to buy and sell real property to carry out his or her obligations under
the contract.
Tenements - ANSWERland and all corporeal and incorporeal rights in hand
Air Rights - ANSWERRights in the air space above the surface of land
Alienation - ANSWERTransfer of title to real property
Appurtenant Easement - ANSWERA right of use in the adjoining land of another that
moves with the title to the property benefiting from the easement.
Bundle Of Rights - ANSWERthe right of an owner of a freehold estate to possession,
enjoyment, control and disposition of real property
condemnation - ANSWERthe exercise of the power of eminent domain the taking of
private property for public use by paying just compensation
Condeminium - ANSWERA form of ownership of real property recognized in all states
that consists of individual ownership of some aspects and co-ownership of other
aspects of the property
cooperative - ANSWERA form of ownership in which stockholders in a corporation
occupy property owned by the corporation under a lease
Co-ownership - ANSWERTitle to real property Hill by two or more person at a time
there are many forms of co-ownership including tenancy in common, tenancy by the
entirety, and joint tenancy
Curtesy - ANSWERA husband interest in the real property of his wife
Declaration of Restrictions - ANSWERThe instrument used to record restrictive
covenants on the public record.
Updates STUDY BUNDLE PACKAGE WITH SOLUTIONS)
Questions and Verified Answers| 100% Correct| Grade
A
Appurtenance - ANSWERAny right or privilege that is considered to run with the
land.
Bill of Sale - ANSWERAbstract of titleAn instrument transferring ownership of
personal property
Chattel - ANSWERpersonal property
Deed - ANSWERA written instrument, usually under seal, which contains an
agreement to transfer some property interest from a grant- or to a grantee
Hereditaments - ANSWERAll the corporeal and incorporeal attributes of real estate
that can be inherited
Highest and Best Use - ANSWERThe legal use of a parcel of land, which when
capitalized, will generate the greatest net present value of income
Immobility - ANSWERA physical characteristic of land describing the impossibility of
relocating land from one place to another
Improvements - ANSWERStructures, walls, roads, and so on
Indestructibility - ANSWERA physical characteristic of land meaning that land is a
permanent commodity and cannot be destroyed.
Land Use Controls - ANSWER
Land - ANSWERThe surface of the earth, the area above and below the surface, and
everything attached naturally
Nonhomogeneity - ANSWERA physical characteristic of land describing that land as a
unique commodity
Personal Property - ANSWERAll property that is not land and is not permanently
attached to land; everything that is movable.
Personalty - ANSWERPersonal property or chattels.
Real Estate - ANSWERland and everything that is attached to it including
interchangeable with the terms real property and realty
, Real Property - ANSWERLand and everything permanently attached to it including all
rights and interests in the land
REALTOR® - ANSWERA registered trademark of the NATIONAL ASSOCIATION OF
REALTORS. It is used to only limited members
Realty - ANSWERLand and everything permanently attached to land.
Scarcity - ANSWERa short supply in comparison with demand
Situs - ANSWERLocation of land
Specific Performance - ANSWERAn instruction of a court requiring a defaulting party
to a contract to buy and sell real property to carry out his or her obligations under
the contract.
Tenements - ANSWERland and all corporeal and incorporeal rights in hand
Air Rights - ANSWERRights in the air space above the surface of land
Alienation - ANSWERTransfer of title to real property
Appurtenant Easement - ANSWERA right of use in the adjoining land of another that
moves with the title to the property benefiting from the easement.
Bundle Of Rights - ANSWERthe right of an owner of a freehold estate to possession,
enjoyment, control and disposition of real property
condemnation - ANSWERthe exercise of the power of eminent domain the taking of
private property for public use by paying just compensation
Condeminium - ANSWERA form of ownership of real property recognized in all states
that consists of individual ownership of some aspects and co-ownership of other
aspects of the property
cooperative - ANSWERA form of ownership in which stockholders in a corporation
occupy property owned by the corporation under a lease
Co-ownership - ANSWERTitle to real property Hill by two or more person at a time
there are many forms of co-ownership including tenancy in common, tenancy by the
entirety, and joint tenancy
Curtesy - ANSWERA husband interest in the real property of his wife
Declaration of Restrictions - ANSWERThe instrument used to record restrictive
covenants on the public record.
