1. Real property includes:
A. Furniture only
B. Land and permanently attached improvements
C. Vehicles
D. Personal belongings
Answer: B
2. Which characteristic of land refers to its fixed location?
A. Scarcity
B. Situs
C. Improvements
D. Demand
Answer: B
3. An item that was once personal property but becomes attached to real property is
called a:
A. Chattel
B. Fixture
C. Trade secret
D. Easement
Answer: B
4. The bundle of rights includes the right to:
A. Possess property
B. Use property
C. Transfer property
D. All of the above
Answer: D
5. Fee simple ownership represents:
A. The greatest ownership interest in real property
B. A leasehold interest
C.An easement