PSI TN NATIONAL EXAM 2025 WITH
CORRECT ANSWERS_GRADED A+
Real Property - correct answers Land and everything permanently attached to it (Includes that someone
can own it)
Chattle - correct answers an item of personal, movable property.
fixture - correct answers An item of personal property that has been converted to real property by being
permanently affixed to the realty.
Trade Fixture - correct answers Fixtures and equipment that may be attached to a building during a
tenant's occupancy, with the intention that they be removed when the tenant leaves
Turning real property into personal property for instance picking off an apple from at tree on a persons
land - correct answers Serverance
Turning personal property into real property - correct answers Annexation
, townships are how many miles long and how many miles wide - correct answers 6 miles
When You purchase real estate you are getting the right to what three things? - correct answers surface
rights, air right and subsurface/mineral rights
When you buy property that borders flowing water then they are called? - correct answers Riparian
Rights
When a property that has Riparian Rights has flowing water that is SHALLOW it is called? - correct
answers Non Navigable (the water is owned by the government, but the ownership of the land under
the water is split down the middle and is owned by the property owners)
When a property that has Riparian Rights has flowing water that is DEEP it is called? - correct answers
Navigable (a boat could freely move up and down it makes the property line stop at the WATERS EDGE;
the government owns the water and the land under it.)
Ezra owns property that borders Old Hickory Lake. Flowing water flows into the water but the lake itself
is not a flowing body of water. What are Ezra's property rights called to this body of water? - correct
answers Littoral Rights
Where does property lines stop when it has Littoral Rights to water? - correct answers The property
stops at the Average High Water Mark
In states where water is scarce and a property owner has to buy water rights from the government fall
under what legal doctrine? - correct answers Doctrine of Prior Appropriation
What is an Incumbrance? - correct answers Anything that effects the title to the property
What is a Right of Ownership called? - correct answers Title
What is a lien? - correct answers a charge against property that provides security for a debt or obligation
of the property owner.
CORRECT ANSWERS_GRADED A+
Real Property - correct answers Land and everything permanently attached to it (Includes that someone
can own it)
Chattle - correct answers an item of personal, movable property.
fixture - correct answers An item of personal property that has been converted to real property by being
permanently affixed to the realty.
Trade Fixture - correct answers Fixtures and equipment that may be attached to a building during a
tenant's occupancy, with the intention that they be removed when the tenant leaves
Turning real property into personal property for instance picking off an apple from at tree on a persons
land - correct answers Serverance
Turning personal property into real property - correct answers Annexation
, townships are how many miles long and how many miles wide - correct answers 6 miles
When You purchase real estate you are getting the right to what three things? - correct answers surface
rights, air right and subsurface/mineral rights
When you buy property that borders flowing water then they are called? - correct answers Riparian
Rights
When a property that has Riparian Rights has flowing water that is SHALLOW it is called? - correct
answers Non Navigable (the water is owned by the government, but the ownership of the land under
the water is split down the middle and is owned by the property owners)
When a property that has Riparian Rights has flowing water that is DEEP it is called? - correct answers
Navigable (a boat could freely move up and down it makes the property line stop at the WATERS EDGE;
the government owns the water and the land under it.)
Ezra owns property that borders Old Hickory Lake. Flowing water flows into the water but the lake itself
is not a flowing body of water. What are Ezra's property rights called to this body of water? - correct
answers Littoral Rights
Where does property lines stop when it has Littoral Rights to water? - correct answers The property
stops at the Average High Water Mark
In states where water is scarce and a property owner has to buy water rights from the government fall
under what legal doctrine? - correct answers Doctrine of Prior Appropriation
What is an Incumbrance? - correct answers Anything that effects the title to the property
What is a Right of Ownership called? - correct answers Title
What is a lien? - correct answers a charge against property that provides security for a debt or obligation
of the property owner.
