VA REAL ESTATE MOSELEY TEST
EXAM QUESTIONS AND ANSWERS
GRADED A+ 2026
What are the classes of Property? - ANS Personal Property and Real Property
What is personal property? - ANS Generally movable and unattached items.
What is a trade fixture? - ANS Personal property used for a person's business. (even if it
attached to the real estate)
What is Fructus Industriales? - ANS Crops also known as chattle.
What general categories does personal property fall under? - ANS Intellectual, reputation,
leases, partnership interests.
Real Property - ANS Everything within a specified block including mining rights, air rights, and
general land usage rights.
What are some common land improvements? - ANS Houses, fences, fire pit
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
1
,What categories fall under real property? - ANS Land, improvements, or real estate (the land
plus the improvements.)
What fall into fructus naturales? - ANS Flowers, bushes, trees, and general landscaping.
What is a fixture? - ANS Things like fences and lights that were once movable personal
property that were affixed to a property making them fixtures.
What is the method of attachment? - ANS How permanent and attached object is to the
property.
What is an adaptation? - ANS When something is specifically made to work with a building
and is now a fixture even if it isn't "attached" to a property
What can an agreement do? - ANS An agreement allows for a fixture to be removed.
What is a relationship of parties? - ANS When a renter makes improvements but takes the
improvements with him replacing them with the originals when he leaves. Like upgrading a fan
and then putting back the original when you leave.
What is are rights in real property? - ANS ownership rights in surface, air, and the dirt of a
person's land.
What is included in the bundle of rights? - ANS Possess property, control property, enjoy
property, exclude others, encumber property, and disposal of property by sale.
What are water rights? - ANS The right to use the water that is on your property.
What can limit the use of real property? - ANS Zoning and deed restrictions
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
2
, What is an economic indicator? - ANS A measurable ecinomic factor (such as real estate) that
shows how the economy is or will do.
What is the social impact of home ownership? - ANS The more people who own there homes
the more valuable the area is because the homes are better maintained. Whereas an area with
a lot of renters is not as nice because they don't feel the need to take care of the property.
What is the impact of supply and demand on the housing market? - ANS The less that are
available the more they are worth as long as there is a demand.
What does heterogeneous real estate mean? - ANS Every piece of real estate is different.
What are demographics? - ANS A way of putting people into groups such as population size,
population growth, family size, age, and income.
How does unemployment and income factor into supply and demand? - ANS Less
employment, means less money, which means less buyers.
How does cost and availability of labor factor into supply and demand? - ANS The more
available the materials and labor for home building, the more homes built, and the value of the
house lowers.
How do governmental policies influence supply and demand. - ANS The more allowances the
government makes the easier and more affordable the housing becomes and so the prices go
down but more people are capable of buying.
What are the physical characteristics of land? - ANS Immobility, indestructibility, and
uniqueness.
What does it mean that land is immobile? - ANS It can not be moved
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
3
EXAM QUESTIONS AND ANSWERS
GRADED A+ 2026
What are the classes of Property? - ANS Personal Property and Real Property
What is personal property? - ANS Generally movable and unattached items.
What is a trade fixture? - ANS Personal property used for a person's business. (even if it
attached to the real estate)
What is Fructus Industriales? - ANS Crops also known as chattle.
What general categories does personal property fall under? - ANS Intellectual, reputation,
leases, partnership interests.
Real Property - ANS Everything within a specified block including mining rights, air rights, and
general land usage rights.
What are some common land improvements? - ANS Houses, fences, fire pit
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
1
,What categories fall under real property? - ANS Land, improvements, or real estate (the land
plus the improvements.)
What fall into fructus naturales? - ANS Flowers, bushes, trees, and general landscaping.
What is a fixture? - ANS Things like fences and lights that were once movable personal
property that were affixed to a property making them fixtures.
What is the method of attachment? - ANS How permanent and attached object is to the
property.
What is an adaptation? - ANS When something is specifically made to work with a building
and is now a fixture even if it isn't "attached" to a property
What can an agreement do? - ANS An agreement allows for a fixture to be removed.
What is a relationship of parties? - ANS When a renter makes improvements but takes the
improvements with him replacing them with the originals when he leaves. Like upgrading a fan
and then putting back the original when you leave.
What is are rights in real property? - ANS ownership rights in surface, air, and the dirt of a
person's land.
What is included in the bundle of rights? - ANS Possess property, control property, enjoy
property, exclude others, encumber property, and disposal of property by sale.
What are water rights? - ANS The right to use the water that is on your property.
What can limit the use of real property? - ANS Zoning and deed restrictions
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
2
, What is an economic indicator? - ANS A measurable ecinomic factor (such as real estate) that
shows how the economy is or will do.
What is the social impact of home ownership? - ANS The more people who own there homes
the more valuable the area is because the homes are better maintained. Whereas an area with
a lot of renters is not as nice because they don't feel the need to take care of the property.
What is the impact of supply and demand on the housing market? - ANS The less that are
available the more they are worth as long as there is a demand.
What does heterogeneous real estate mean? - ANS Every piece of real estate is different.
What are demographics? - ANS A way of putting people into groups such as population size,
population growth, family size, age, and income.
How does unemployment and income factor into supply and demand? - ANS Less
employment, means less money, which means less buyers.
How does cost and availability of labor factor into supply and demand? - ANS The more
available the materials and labor for home building, the more homes built, and the value of the
house lowers.
How do governmental policies influence supply and demand. - ANS The more allowances the
government makes the easier and more affordable the housing becomes and so the prices go
down but more people are capable of buying.
What are the physical characteristics of land? - ANS Immobility, indestructibility, and
uniqueness.
What does it mean that land is immobile? - ANS It can not be moved
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
3
