230 QUESTIONS COVERING ALL TESTED SUBJECT AREAS WITH
VERIFIED ANSWER KEY FOR THE UPCOMING LICENSING EXAM
1. Property Ownership & Real Property
1. What is real property?
Answer: Land and everything permanently attached to it, together with the rights associated with ownership.
2. What is personal property?
Answer: Movable property that is not permanently attached to land.
3. Which is most likely personal property: a built-in fireplace or a freestanding refrigerator?
Answer: A freestanding refrigerator.
4. What is a fixture?
Answer: An item that was once personal property but has become attached to real property.
5. What is the MARIA test used for?
Answer: It is a common framework for evaluating whether an item has become a fixture: Method, Adaptability,
Relationship, Intention, and Agreement.
6. What does the method of attachment consider?
Answer: How permanently an item is attached to the property.
7. What does adaptability refer to in the fixture analysis?
Answer: Whether the item is specially adapted to the property.
8. Why does the relationship of the parties matter in fixture disputes?
Answer: Courts may apply different presumptions depending on whether the dispute involves a landlord/tenant,
buyer/seller, or other parties.
9. Why is intention relevant to determining a fixture?
Answer: The intent when the item was attached can help establish whether it was meant to become permanent.
10. What is a trade fixture?
Answer: An item installed by a commercial tenant for use in the tenant's business.
11. What is an appurtenance?
Answer: A right or item that belongs to and passes with the property, such as certain easements.
12. What is land?
Answer: The earth's surface, subsurface, and airspace, together with natural attachments and related rights.
13. What are the four economic characteristics of land?
Answer: Scarcity, utility, transferability, and demand.
14. What are the physical characteristics of real estate?
Answer: Immobility, indestructibility, and uniqueness/nonhomogeneity.
15. What does immobility mean?
Answer: Land cannot be moved from one geographic location to another.
16. What does indestructibility mean?
Real Estate Practice Set • 230 Original Questions & Answers • Page 1
, Answer: Land itself is considered permanent even though improvements can be destroyed.
17. What does nonhomogeneity mean?
Answer: No two parcels are exactly identical in every respect.
18. What is an improvement?
A permanent man-made addition to land, such as a building, driveway, or fence.
19. What is severance?
Answer: The process of changing an item from real property into personal property.
20. What is accession?
Answer: The process by which real property acquires additions or improvements.
21. What is situs?
Answer: The location of a property and the preferences people have for that location.
2. Legal Descriptions & Land Measurement
22. What is a legal description?
Answer: A precise method of identifying a specific parcel of real estate for legal purposes.
23. What is the metes-and-bounds system?
Answer: A method that describes boundaries using directions, distances, and monuments beginning at a point of
beginning.
24. What is the point of beginning?
Answer: The starting reference point used in a metes-and-bounds description.
25. What is a monument in a legal description?
Answer: A physical or recorded reference point used to identify a boundary.
26. What is the rectangular government survey system?
Answer: A system using principal meridians, base lines, townships, and sections to identify land.
27. What is a township in the rectangular survey system?
Answer: A six-mile-by-six-mile area containing 36 sections.
28. How many acres are in a standard section?
Answer: 640 acres.
29. How many acres are in a quarter section?
Answer: 160 acres.
30. How many acres are in a half section?
Answer: 320 acres.
31. What is the lot-and-block system?
Answer: A subdivision-based system that identifies property by lot number, block, and recorded plat.
32. What is a plat?
Answer: A recorded map showing subdivision lots, blocks, streets, and other information.
33. What is a benchmark?
Answer: A permanent reference point used in surveying to establish elevation.
34. What is a principal meridian?
Answer:
Real Estate Practice Set • 230 Original Questions & Answers • Page 2