Alabama Real Estate Final Exam Study Guide - 60 Hour Course| Questions With 100% Correct Answers | Verified

Which of the following ways of specializing is common in the real estate brokerage business? A. By type of mortgage financing required B. By years of experience in the business C. By type of property D. By background of client - C. By type of property Which of the following is included in the legal concept of land? A. A corn crop B. A lake C. A felled tree D. An abandoned vehicle - B. A lake A property abuts a non-navigable stream. What does the property owner own? A. Land to the low-water mark B. Underlying land to the middle of the waterway C. Land to the high water mark D. All water to the middle of the waterway - B. Underlying land to the middle of the waterway A retailer installs special display counters to exhibit her products. At the end of the lease term, the retailer moves to another state, leaving the counters in the store. At this point the counters are considered which of the following? A. Trade fixtures, and therefore real property B. Trade fixtures and therefore personal property C. Real property, since the trade fixtures were abandoned D. Personal property that must be returned to the retailer - C. Real property, since the trade fixtures were abandoned