VA Real Estate Moseley Test Questions With Correct Answers

VA Real Estate Moseley Test Questions
With Correct Answers

What are the classes of Property? - CORRECT ANSWER✔✔-Personal
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Property and Real Property | | |




What is personal property? - CORRECT ANSWER✔✔-Generally movable
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and unattached items.
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What is a trade fixture? - CORRECT ANSWER✔✔-Personal property used
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for a person's business. (even if it attached to the real estate)
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What is Fructus Industriales? - CORRECT ANSWER✔✔-Crops also known
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as chattle.
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What general categories does personal property fall under? - CORRECT
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ANSWER✔✔-Intellectual, reputation, leases, partnership interests. | | | |




Real Property - CORRECT ANSWER✔✔-Everything within a specified
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block including mining rights, air rights, and general land usage rights.
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,What are some common land improvements? - CORRECT ANSWER✔✔-
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Houses, fences, fire pit
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What categories fall under real property? - CORRECT ANSWER✔✔-Land,
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improvements, or real estate (the land plus the improvements.)
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What fall into fructus naturales? - CORRECT ANSWER✔✔-Flowers,
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bushes, trees, and general landscaping.
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What is a fixture? - CORRECT ANSWER✔✔-Things like fences and lights
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that were once movable personal property that were affixed to a
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property making them fixtures.
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What is the method of attachment? - CORRECT ANSWER✔✔-How
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permanent and attached object is to the property.
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What is an adaptation? - CORRECT ANSWER✔✔-When something is
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specifically made to work with a building and is now a fixture even if it
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isn't "attached" to a property
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What can an agreement do? - CORRECT ANSWER✔✔-An agreement
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allows for a fixture to be removed.
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, What is a relationship of parties? - CORRECT ANSWER✔✔-When a
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renter makes improvements but takes the improvements with him
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replacing them with the originals when he leaves. Like upgrading a fan
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and then putting back the original when you leave.
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What is are rights in real property? - CORRECT ANSWER✔✔-ownership
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rights in surface, air, and the dirt of a person's land.
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What is included in the bundle of rights? - CORRECT ANSWER✔✔-
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Possess property, control property, enjoy property, exclude others,
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encumber property, and disposal of property by sale.
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What are water rights? - CORRECT ANSWER✔✔-The right to use the
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water that is on your property.
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What can limit the use of real property? - CORRECT ANSWER✔✔-Zoning
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and deed restrictions
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What is an economic indicator? - CORRECT ANSWER✔✔-A measurable
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ecinomic factor (such as real estate) that shows how the economy is or
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will do.
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What is the social impact of home ownership? - CORRECT ANSWER✔✔-
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The more people who own there homes the more valuable the area is
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