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REE 3043 PAUL BLACK- FIU EXAM #1
QUESTIONS AND ANSWERS 2025
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.
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.
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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.
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)
REE 3043 PAUL BLACK- FIU EXAM #1
QUESTIONS AND ANSWERS 2025
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.
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.
, 2|Page
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.
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)
