COLIBRI REAL ESTATE ACTUAL EXAM
QUESTIONS AND COMPLETE STUDY GUIDE
2026
▶ Land. Answer: The surface of the earth and everything under the ground
to the center of the earth and everything over the earth into the air
(allowances for air traffic).
▶ Leasehold Improvement. Answer: A fixture attached to real property by
a property owner for the use of a tenant.
▶ Littoral Rights. Answer: Water rights of landowners whose land touches
a commercially navigable lake, sea, or ocean (i.e., a nonflowing body of
water).
▶ Mineral Rights. Answer: Rights to the raw materials located beneath the
surface of the land.
▶ Personal Property (also called Chattel or Personalty). Answer: Tangible
items that (usually) are not permanently attached to or part of real estate;
any property that is not real property; movable property not affixed to land.
▶ Real Estate. Answer: The actual physical land and everything, both
natural and manufactured, that is attached (or appurtenant) to it.
, ▶ Real Property (also called Realty). Answer: The physical land,
everything attached to it, and the associated rights of ownership.
▶ Riparian Rights. Answer: Water rights of landowners whose land
touches a natural body of flowing water, such as a stream, a creek, or a
river.
▶ Trade Fixture. Answer: An item of personal property that is annexed to
leased property, is necessary to a trade or business, and may be removed
by the tenant before expiration of the lease.
▶ Above-Grade. Answer: Any portion of a dwelling where there is no
ground adjacent to any exterior wall.
▶ Acre. Answer: A measure of land area that is equal to 43,560 square
feet. One square mile contains 640 acres.
▶ Baseline. Answer: Main east-west line designated and named
throughout the country for use with the rectangular survey system.
▶ Below-Grade. Answer: Any portion of the area that is below ground
level, even if it is finished and accessible from the exterior of the structure.
▶ Finished Area. Answer: Space within a dwelling that has walls, ceilings,
and floor coverings of similar quality and that is suitable for year-round use.
QUESTIONS AND COMPLETE STUDY GUIDE
2026
▶ Land. Answer: The surface of the earth and everything under the ground
to the center of the earth and everything over the earth into the air
(allowances for air traffic).
▶ Leasehold Improvement. Answer: A fixture attached to real property by
a property owner for the use of a tenant.
▶ Littoral Rights. Answer: Water rights of landowners whose land touches
a commercially navigable lake, sea, or ocean (i.e., a nonflowing body of
water).
▶ Mineral Rights. Answer: Rights to the raw materials located beneath the
surface of the land.
▶ Personal Property (also called Chattel or Personalty). Answer: Tangible
items that (usually) are not permanently attached to or part of real estate;
any property that is not real property; movable property not affixed to land.
▶ Real Estate. Answer: The actual physical land and everything, both
natural and manufactured, that is attached (or appurtenant) to it.
, ▶ Real Property (also called Realty). Answer: The physical land,
everything attached to it, and the associated rights of ownership.
▶ Riparian Rights. Answer: Water rights of landowners whose land
touches a natural body of flowing water, such as a stream, a creek, or a
river.
▶ Trade Fixture. Answer: An item of personal property that is annexed to
leased property, is necessary to a trade or business, and may be removed
by the tenant before expiration of the lease.
▶ Above-Grade. Answer: Any portion of a dwelling where there is no
ground adjacent to any exterior wall.
▶ Acre. Answer: A measure of land area that is equal to 43,560 square
feet. One square mile contains 640 acres.
▶ Baseline. Answer: Main east-west line designated and named
throughout the country for use with the rectangular survey system.
▶ Below-Grade. Answer: Any portion of the area that is below ground
level, even if it is finished and accessible from the exterior of the structure.
▶ Finished Area. Answer: Space within a dwelling that has walls, ceilings,
and floor coverings of similar quality and that is suitable for year-round use.
