Real Estate License Practice Exam // Barney Fletcher Real
Estate Final Practice Test 2025-2026 with 630 Recently Tested
Questions and Correct Answers
Suppy and Demand is influenced by what?-ANSWER-
Uniqueness and immobility of parcels of real estate
What factors affect the supply of real estate?-ANSWER-Labor
force availabilityConstruction and material costs
Governmental controls
Governmental financial policies
What factors affect the demand for real estate?-ANSWER-
PopulationDemographics
Employment and Wage levels
1|Page
,Real Estate-ANSWER-land plus all things permanently
attached, both natural and man–made
Real Property-ANSWER-interests, benefits, and rights that are
automatically included in ownership of the land and real
estate (in addition to real estate)
Bundle of Rights-ANSWER-rignt of:
possession, control, enjoyment, exclusion, disposition
Appurtenance-ANSWER-is a right associated with real
property in some way that is normally conveyed when
property is sold
ex: parking space, easement, water rights
Personal Property-ANSWER-movable items; emblements;
items of real property that become personal property by
severance; items of personal property that can become real
property by attachment; manufactured homes that can be
personal property unless permanently affixed to land
Emblements-ANSWER-growing crops that are produced
annually through labor and industry
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, Severance-ANSWER-Changing an item of real estate to
personal property by detaching it from the land
(ex: cutting down a tree)
Fixture-ANSWER-personal property that has been affixed to
the land or to a building so that by law it becomes part of the
real property
Legal test for a fixture-ANSWER-Method of annexation;
Adaptation of real estate: Agreement of the parties
Trade Fixtures-ANSWER-include property attached to the
structure but used in the course of business such as: personal
property (if removed by the tenant); real property (if left
behind by the tenant; landlord can acquire this type of
property by accession)
Economic characteristics of real estate-ANSWER-Scarcity;
Improvements; Permanence of investment; Location
Physical characteristics of real estate-ANSWER-Immobility,
Indestructible, Nonhomogeneity (uniqueness)
3|Page
Estate Final Practice Test 2025-2026 with 630 Recently Tested
Questions and Correct Answers
Suppy and Demand is influenced by what?-ANSWER-
Uniqueness and immobility of parcels of real estate
What factors affect the supply of real estate?-ANSWER-Labor
force availabilityConstruction and material costs
Governmental controls
Governmental financial policies
What factors affect the demand for real estate?-ANSWER-
PopulationDemographics
Employment and Wage levels
1|Page
,Real Estate-ANSWER-land plus all things permanently
attached, both natural and man–made
Real Property-ANSWER-interests, benefits, and rights that are
automatically included in ownership of the land and real
estate (in addition to real estate)
Bundle of Rights-ANSWER-rignt of:
possession, control, enjoyment, exclusion, disposition
Appurtenance-ANSWER-is a right associated with real
property in some way that is normally conveyed when
property is sold
ex: parking space, easement, water rights
Personal Property-ANSWER-movable items; emblements;
items of real property that become personal property by
severance; items of personal property that can become real
property by attachment; manufactured homes that can be
personal property unless permanently affixed to land
Emblements-ANSWER-growing crops that are produced
annually through labor and industry
2|Page
, Severance-ANSWER-Changing an item of real estate to
personal property by detaching it from the land
(ex: cutting down a tree)
Fixture-ANSWER-personal property that has been affixed to
the land or to a building so that by law it becomes part of the
real property
Legal test for a fixture-ANSWER-Method of annexation;
Adaptation of real estate: Agreement of the parties
Trade Fixtures-ANSWER-include property attached to the
structure but used in the course of business such as: personal
property (if removed by the tenant); real property (if left
behind by the tenant; landlord can acquire this type of
property by accession)
Economic characteristics of real estate-ANSWER-Scarcity;
Improvements; Permanence of investment; Location
Physical characteristics of real estate-ANSWER-Immobility,
Indestructible, Nonhomogeneity (uniqueness)
3|Page
