Superior School of Real Estate Exam

Superior School of Real Estate Exam What are the two classes of property? -Answer-Real property and personal property What is the land and everything permanently attached to it called? -Answer-Real property What type of property is referred to as everything else? -Answer-Personal property Is the earths surface down to the center of the earth and to the heavens, along with surface, subsurface and air rights part of or the definition of real estate? -Answer-YES Is real property movable? -Answer-No,Immovable and Transfers by deed Is personal property movable? -Answer-Yes, movable Transfers by Bill of sale Is personal property also called chattel or personality? -Answer-YES What are the physical characteristics of land? -Answer-Immobility