LICENSING ASSESSMENT 2026 PROPERTY
PRINCIPLES AND PRACTICE COMPLETE
QUESTIONS AND SOLUTIONS GRADED A+
◉ Real Estate or Real Property
Answer: Land, improvements, & legal rights of ownership
◉ Appurtenance
Answer: rights, privileges or improvements that belong to and pass
with the transfer of property. Attaches to land, not owner
◉ Surface Rights
Answer: right to control, occupy, and use the surface area of a parcel
of real estate (the land), including the building of improvements
(real property), and the growing of crops (personal property).
◉ Air Rights
Answer: The right to use, control and occupy the space above a
particular parcel of land.
◉ Subsurface Rights
, Answer: rights to the earth located beneath the surface of the land
◉ Improvements
Answer: Additions made to property that are intended to enhance
its value
◉ Fixtures
Answer: Articles that were once personal property but have been
affixed to real estate so as to become real property
◉ 4 ways to test Fixtures
Answer: 1) Written agreement - most important
2) Method of Attachment
3)Adaptability
4) Relationship of the Parties
◉ Fructus Naturales
Answer: Permanent plantings such as flowers, trees and bushes that
are classified as real property
◉ Water Rights
Answer: The legal rights to use the water in a river, stream, or other
body.