Kansas Real Estate Exam 2023 with 100% correct answers

When is an item considered Real Estate? - correct answerWhen it is permanetly attached to land What are the 2 charicteristics of land - correct answerPhysical - immovable, indestructable, non homeogeneous Economic - situs/location, scarcity, improvable The 3 Physical Characteristic of Land - correct answerimmovable, indestructable, non homeogeneous The 3 Economic Characteristics of Land - correct answersitus/location, scarcity, improvable Define Real Estate - correct answerLand + Appurtenances Define Bill of Sale - correct answerInstrument used to transfer personal property When do you recieve the Bill of Sale and Deed? - correct answerAt closing Define Deed - correct answerTransfers real property rights Define Fixture - correct answerWhen an item of personal propety is permanetly attached to Real Estate Give an example of a Fixture - correct answerBuilt in bookshelves Define Trade Fixture - correct answerthe tennant can take this piece of property at the end of the lease Give an example of a Tr