ARIZONA SCHOOL OF REAL ESTATE AND
BUSINESS COMPREHENSIVE EXAMINATION
BUNDLE 2026 FULL QUESTIONS AND
ANSWERS
⩥ Which is not an example of an improvement?
A. the barn on the back of the property
B. the fence running along the edge of the property
C. the line of pine trees planted along the edge of the property
D. the sewer line running along the front of the property. Answer: the
line of pine trees planted along the edge of the property
⩥ Jill buys a house from jack. She assumed that the curtains would be
included in the price, even though they were not listed in the agreement
of sale. What is the best argument Jill could make to persuade a judge if
this goes to court?
A. Jack mentioned that they went with the house.
B. My agent assured me they were included.
C. The curtains were custom-made for the odd-shaped window.
D. The curtains were in the ad that appeared in the paper.. Answer: the
curtains were custom-made for the odd-shaped window
,⩥ Otis rents and empty storefront to open a restaurant. He attaches a
pizza oven to the floor and wall of the kitchen. the oven was installed by
the ____________ and is ____________ property.
A. Landlord/personal
B. Landlord/real
C. Tenant/personal
D. Tenant/real. Answer: Tenant/personal
⩥ Real Property can be divided into corporeal and incorporeal. Which
would be an incorporeal right?
A. an easement
B. fences and walls
C. All improvements
D. a house and barn. Answer: an easement
⩥ Physical land, its attachments, and its bundle of rights is known as
A. Land
B. Real Estate
C. Real Property
D. Real and Personal Property. Answer: Real Property
⩥ Shelving and counters are securely fastened in a leased retail store.
Such items are:
,A. realty
B. Fixtures
C. Trade Fixtures
D. None of these.. Answer: Trade Fixtures
⩥ Which is NOT an appurtenance and, therefore, does not pass with a
standard warranty deed?
A. trade fixtures
B. trees
C. Shrubs
D. custom Window blinds. Answer: trade fixtures
⩥ Patents, trademarks, copyrights and royalties are an example of:
A. Corporeal realty
B. Tangible realty
C. incorporeal realty
C. intangible personalty. Answer: intangible personalty
⩥ An article may be changed from realty to personalty by:
A. Annexation
B. Severance
C. Verbal Declaration
, D. Order of the commissioner. Answer: Severance
⩥ Brett bought a farm, and two tractors were included in the sale. What
is required at the settlement to transfer ownership of those tractors?
A. bill of sale
B. Deed
C. purchase agreement
D. sales contract`. Answer: bill of sale
⩥ Which of these is NOT considered when determining whether an item
is a fixture or personal property.
A. intention of the annexer
B. manner of annexation
C. Value of the annexed item
D. Relationship of the parties. Answer: value of the annexed item
⩥ Which of the following is personal property?
A. appurtenances
B. fixtures
C. trade fixtures
D. shrubbery. Answer: trade fixtures
BUSINESS COMPREHENSIVE EXAMINATION
BUNDLE 2026 FULL QUESTIONS AND
ANSWERS
⩥ Which is not an example of an improvement?
A. the barn on the back of the property
B. the fence running along the edge of the property
C. the line of pine trees planted along the edge of the property
D. the sewer line running along the front of the property. Answer: the
line of pine trees planted along the edge of the property
⩥ Jill buys a house from jack. She assumed that the curtains would be
included in the price, even though they were not listed in the agreement
of sale. What is the best argument Jill could make to persuade a judge if
this goes to court?
A. Jack mentioned that they went with the house.
B. My agent assured me they were included.
C. The curtains were custom-made for the odd-shaped window.
D. The curtains were in the ad that appeared in the paper.. Answer: the
curtains were custom-made for the odd-shaped window
,⩥ Otis rents and empty storefront to open a restaurant. He attaches a
pizza oven to the floor and wall of the kitchen. the oven was installed by
the ____________ and is ____________ property.
A. Landlord/personal
B. Landlord/real
C. Tenant/personal
D. Tenant/real. Answer: Tenant/personal
⩥ Real Property can be divided into corporeal and incorporeal. Which
would be an incorporeal right?
A. an easement
B. fences and walls
C. All improvements
D. a house and barn. Answer: an easement
⩥ Physical land, its attachments, and its bundle of rights is known as
A. Land
B. Real Estate
C. Real Property
D. Real and Personal Property. Answer: Real Property
⩥ Shelving and counters are securely fastened in a leased retail store.
Such items are:
,A. realty
B. Fixtures
C. Trade Fixtures
D. None of these.. Answer: Trade Fixtures
⩥ Which is NOT an appurtenance and, therefore, does not pass with a
standard warranty deed?
A. trade fixtures
B. trees
C. Shrubs
D. custom Window blinds. Answer: trade fixtures
⩥ Patents, trademarks, copyrights and royalties are an example of:
A. Corporeal realty
B. Tangible realty
C. incorporeal realty
C. intangible personalty. Answer: intangible personalty
⩥ An article may be changed from realty to personalty by:
A. Annexation
B. Severance
C. Verbal Declaration
, D. Order of the commissioner. Answer: Severance
⩥ Brett bought a farm, and two tractors were included in the sale. What
is required at the settlement to transfer ownership of those tractors?
A. bill of sale
B. Deed
C. purchase agreement
D. sales contract`. Answer: bill of sale
⩥ Which of these is NOT considered when determining whether an item
is a fixture or personal property.
A. intention of the annexer
B. manner of annexation
C. Value of the annexed item
D. Relationship of the parties. Answer: value of the annexed item
⩥ Which of the following is personal property?
A. appurtenances
B. fixtures
C. trade fixtures
D. shrubbery. Answer: trade fixtures
