age 1 of 17
REE 3043 Paul Black- FIU Exam 1 TEST STUDY GUIDE
2025/2026 ACCURATE QUESTIONS AND VERIFIED
CORRECT SOLUTIONS WITH RATIONALES || 100%
GUARANTEED PASS <RECENT VERSION>
Real State ......ANSWER........Land and improvements to the land-
house, structures built on the land. The land such as mineral
rights, oil, gold, Air rights.
Air Rights ......ANSWER........The ability to buy the right to build a
higher building. Example: Miami beach buying selling zones. In
NYC you must buy air rights of an adjoining property, exam
Trump Tower
Real property ......ANSWER........Anything that won't fall out of a
house if turned up - side down. It's attached to the
house/building.
,age 2 of 17
Personal Property ......ANSWER........Not attached to the house/
building ( real property) Exam: Table, furniture, fridge, Anything
you can unplug and it doesn't cause damage to the property.
Fixture ......ANSWER........when something was at one time
personal property and then it became attached to real property
is now considered to be real property. If not on the contract,
then no valid.
Law of fixture ......ANSWER........If attached and the purchase
contract is silent on this issue, then the fixture stays in the house.
Exam: The chandelier exam.
Real state professions ......ANSWER........Agent, broker, financing,
litigation, management, developer, constructor, appraiser,
architect, land planner, analyst, etc.
, age 3 of 17
Infrastructure ......ANSWER........Services that are built by the
government. Exam: Roads, Water, Sewer lines, Public schools,
Police, Fire, Parks, Libraries, Government services.
Urban sprawl ......ANSWER........When someone builds way too
far. Concurrency was created to prevent (leap-frogging)
Concurrency (con: TWO) Currency: Same time
......ANSWER........Two things happening at the same time.
1. Impact to society: Someone building 100 homes- more kids,
more roads needed.
2. Infrastructure: Is built to satisfy this impact- response of the
government to that impact.
REE 3043 Paul Black- FIU Exam 1 TEST STUDY GUIDE
2025/2026 ACCURATE QUESTIONS AND VERIFIED
CORRECT SOLUTIONS WITH RATIONALES || 100%
GUARANTEED PASS <RECENT VERSION>
Real State ......ANSWER........Land and improvements to the land-
house, structures built on the land. The land such as mineral
rights, oil, gold, Air rights.
Air Rights ......ANSWER........The ability to buy the right to build a
higher building. Example: Miami beach buying selling zones. In
NYC you must buy air rights of an adjoining property, exam
Trump Tower
Real property ......ANSWER........Anything that won't fall out of a
house if turned up - side down. It's attached to the
house/building.
,age 2 of 17
Personal Property ......ANSWER........Not attached to the house/
building ( real property) Exam: Table, furniture, fridge, Anything
you can unplug and it doesn't cause damage to the property.
Fixture ......ANSWER........when something was at one time
personal property and then it became attached to real property
is now considered to be real property. If not on the contract,
then no valid.
Law of fixture ......ANSWER........If attached and the purchase
contract is silent on this issue, then the fixture stays in the house.
Exam: The chandelier exam.
Real state professions ......ANSWER........Agent, broker, financing,
litigation, management, developer, constructor, appraiser,
architect, land planner, analyst, etc.
, age 3 of 17
Infrastructure ......ANSWER........Services that are built by the
government. Exam: Roads, Water, Sewer lines, Public schools,
Police, Fire, Parks, Libraries, Government services.
Urban sprawl ......ANSWER........When someone builds way too
far. Concurrency was created to prevent (leap-frogging)
Concurrency (con: TWO) Currency: Same time
......ANSWER........Two things happening at the same time.
1. Impact to society: Someone building 100 homes- more kids,
more roads needed.
2. Infrastructure: Is built to satisfy this impact- response of the
government to that impact.
