Real Estate Unit 1: Real Property and the Law
Practice Questions & Verified Answers 2026–2027
Complete Study Guide
Land, Real Estate, and Real Property - correct answers -Different aspects of ownership interests in land
Land - correct answers -The earth's surface, extending downward to the center of the earth and upward
infinitely into space, including things permanently attached by nature, such as trees and water.
Land includes - correct answers -Boulders, plants, soil, and the surface of the earth
Real Estate - correct answers -land at, above, and below the earth's surface, and all things permanently
attached to it, whether natural or artificial
What is an "improvement"? - correct answers -Any artificial thing attached to the land, such as a
building or a fence, road or sewer.
Real property includes - correct answers -both land and real estate
Real Property - correct answers -The interests, benefits, and rights automatically included in the
ownership of land and real estate
general term "property" - correct answers -anything that can be owned
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, Real property includes - correct answers -earths surface, subsurface and airspace, all things
permanently attached to it by nature or people, and the legal rights innate to the ownership of a piece
of real estate
Bundle Of Legal Rights - correct answers -Traditional ownership rights:
- right of possession
- right to control the property within the framework of the law
- right of enjoyment (to use the property in any legal manner)
- right of exclusion (to keep others from entering or using the property)
- right of disposition ( to sell, will, transfer or otherwise dispose of or encumber the property)
Title - correct answers -(relating to real property)
-the right to or ownership of the land, including the owner's bundle of legal rights
- evidence of that ownership by a deed
Deed - correct answers -A document that transfers ownership of property from one party to another.
Appurtenance - correct answers -A right, privilege, or improvement belonging to, and passing with, the
land. typically they transfer with the sale of the property
Appurtenance examples - correct answers -multi-unit parking spaces, easements, water rights
Is real estate moveable? - correct answers -No
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Practice Questions & Verified Answers 2026–2027
Complete Study Guide
Land, Real Estate, and Real Property - correct answers -Different aspects of ownership interests in land
Land - correct answers -The earth's surface, extending downward to the center of the earth and upward
infinitely into space, including things permanently attached by nature, such as trees and water.
Land includes - correct answers -Boulders, plants, soil, and the surface of the earth
Real Estate - correct answers -land at, above, and below the earth's surface, and all things permanently
attached to it, whether natural or artificial
What is an "improvement"? - correct answers -Any artificial thing attached to the land, such as a
building or a fence, road or sewer.
Real property includes - correct answers -both land and real estate
Real Property - correct answers -The interests, benefits, and rights automatically included in the
ownership of land and real estate
general term "property" - correct answers -anything that can be owned
1
, Real property includes - correct answers -earths surface, subsurface and airspace, all things
permanently attached to it by nature or people, and the legal rights innate to the ownership of a piece
of real estate
Bundle Of Legal Rights - correct answers -Traditional ownership rights:
- right of possession
- right to control the property within the framework of the law
- right of enjoyment (to use the property in any legal manner)
- right of exclusion (to keep others from entering or using the property)
- right of disposition ( to sell, will, transfer or otherwise dispose of or encumber the property)
Title - correct answers -(relating to real property)
-the right to or ownership of the land, including the owner's bundle of legal rights
- evidence of that ownership by a deed
Deed - correct answers -A document that transfers ownership of property from one party to another.
Appurtenance - correct answers -A right, privilege, or improvement belonging to, and passing with, the
land. typically they transfer with the sale of the property
Appurtenance examples - correct answers -multi-unit parking spaces, easements, water rights
Is real estate moveable? - correct answers -No
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