Practice of Real Estate Property Ownership Exam Practice Questions, Key Concepts & Answers.pdf

PRACTICE OF REAL ESTATE
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A. RE AL PROPE RT Y
WH AT ARE T WO CLASSE S OF PROPE RT Y ?
B. PE RSON AL PROPE RT Y




LAN D AN D E VE RY T H I N G PE RM AN E N T LY
RE AL E ST AT E I S D E F I N E D AS...... AT T ACH E D T O I T




-AN Y T H I N G T H AT GROWS UPON T H E LAN D
-AN Y T H I N G BUI LT UPON T H E LAN D
WH AT I S A PE RM AN E N T AT T ACH T O T H E LAN D ?
-F I XT URE S




WH I CH OF T H E F OLLOWI N G I S CON SI D E RE D T O BE A PE RM AN E N T
AT T ACH M E N T T O LAN D ?
A. I M PROVE M N T S T O T H E LAN D
D . ALL OF T H E ABOVE
B. A F I XT URE
C. T RE E S GROWI N G ON T H E LAN D
D . ALL OF T H E ABOVE

, PRACTICE OF REAL ESTATE
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6 8 0 16 15




WH I CH I S N OT CON SI D E RE D A PE RM AN E N T AT T T ACH M E N T T O LAN D ?
A. AN Y T H I N G GROWI N G ON I T
B. F I XT URE S C. CH AT T E LS
C. CH AT T E LS
D . AN Y T H I N G BUI LT UPON T H E LAN D




T AN GI BLE PE RSON AL PROPE RT Y T H AT I S USE D F OR A T E N AN T S T RAD E OR
WH AT I S A T RAD E F I XT URE ?
BUSI N E SS.




I T CAN BE COM E T H E LAN D LORD 'S PROPE RT Y I F N OT RE M OVE D BE F ORE
WH E N CAN A T RAD E F I XT URE BE COM E T H E LAN D LORD 'S PROPE RT Y T H E E XPI RAT I ON OF T H E LE ASE AGRE E M E N T OR WI T H I N AN AGRE E D E D
UPON T I M E D I SCUSSE D BE T WE E N LAN D LORD AN D T E N AN T




WH AT I S F RUCT US I N D UST RI ALE S? LAT I N PH RASE M E AN I N G "F RUI T S OF I N D UST RY "

, PRACTICE OF REAL ESTATE
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6 8 0 16 15




WH AT I S F RUCT US N AT URALE S? F RUI T S OF N AT URE




Y E S.
F AM E R JI M PLAN T E D CROPS F OR T H E SUM M E R I N M ARCH . H I S LE ASE
A LAN D LORD CAN N OT LE ASE PROPE RT Y T O A T E N AN T F ARM E R AN D
E XPI RE D I N JAN UARY . I S F ARM E R JI M ABLE T O RE T RI E VE H I S CROPS?
T E RM I N AT E T H E LE ASE WI T H OUT ALLOWI N G T H E F AM E R T O RE -E N T E R
WH Y ?
T H E LAN D AN D H ARVE ST CROPS.




POSSE SS
CON T ROL
E N JOY
WH AT ARE T H E BUN D LE OF LE AGAL RI GH T S
E XCLUD E
E N CCUM BE R
D I SPOSE




RI PARI AN RI GH T S
I F Y OU H OUSE SI T S ON A RI VE R Y OU H AVE WH AT T Y PE OF RI GH T ?