PAPER 2026 REAL ESTATE LAW AND
CONTRACTS FULL ANSWERS AND MARKET
INSIGHT
◉ Assemblage
Answer: Concept of combining two or more contiguous parcels of
real estate into a single parcel under one ownership. Plottage is the
goal.
◉ Plottage
Answer: The increase in value or utility resulting from the
consolidation (assemblage) of two or more adjacent lots into one
larger lot.
◉ Bill of Sale
Answer: Transfers title to personal property
◉ Personal Property
Answer: All property not classified as real property
◉ Chattel
, Answer: personal property
◉ Chattel Mortgage
Answer: Mortgage secured by personal property
◉ Trade Fixtures
Answer: articles of personal property that are necessary parts of a
tenant's trade of business.
Must be removed before the expiration of the lease, or within an
agreed upon reasonable time, and the tenant is responsible for any
damage caused by removal
Must be installed by the tenant
◉ Fructus Industriales (Emblements)
Answer: growing crops that are produced annually through labor
and industry.
Personal Property of the one who planted them.
◉ Severance