MODERN REAL ESTATE PRACTICE
20TH EDITION UNIT #2 EXAM
QUESTIONS AND ANSWERS
situs - Answer-Refers to the economic location of real estate. Location location
location
Emblements - Answer-Refers to crops which require annual planting.
Annexation - Answer-Changing personal property into real property, ie a cement
walkway is added to the property
Legal tests of a fixture - Answer-Method of annexation
Adaptability of item to land's use
Relationship of parties
Intention in placing item on the land
Agreement of the parties
Trade Fixtures - Answer-Fixtures and equipment that may be attached to a building
during a tenant's occupancy, with the intention that they be removed when the tenant
leaves and the property is repaired if any damages occur
accretion - Answer-The increase or addition of land by the deposit of sand or soil
washed up naturally from a river, lake, or sea.
Bundle of Legal Rights - Answer-The concept of land ownership that includes
ownership of all legal rights to the land—possession, control within the law,
enjoyment, exclusion, and disposition.
improvement - Answer-Any structure, usually privately owned, erected on a site to
enhance the value of the property.
Surface Rights - Answer-Ownership rights in a parcel of real estate that are limited to
the surface of the property and do not include the air above it (air rights) or the
minerals below the surface (subsurface rights).
fixture - Answer-An item of personal property that has been converted to real
property by being permanently affixed to the realty.
Subsurface Rights - Answer-Ownership rights in a parcel of real estate to the water,
minerals, gas, oil, and so forth that lie beneath the surface of the property.
riparian rights - Answer-Common-law rights granted to owners of land along the
course of a river, stream, or similar flowing body of water that is not navigable
Real Property - Answer-The interests, benefits, and rights inherent in real estate
ownership, (bundle of rights)
20TH EDITION UNIT #2 EXAM
QUESTIONS AND ANSWERS
situs - Answer-Refers to the economic location of real estate. Location location
location
Emblements - Answer-Refers to crops which require annual planting.
Annexation - Answer-Changing personal property into real property, ie a cement
walkway is added to the property
Legal tests of a fixture - Answer-Method of annexation
Adaptability of item to land's use
Relationship of parties
Intention in placing item on the land
Agreement of the parties
Trade Fixtures - Answer-Fixtures and equipment that may be attached to a building
during a tenant's occupancy, with the intention that they be removed when the tenant
leaves and the property is repaired if any damages occur
accretion - Answer-The increase or addition of land by the deposit of sand or soil
washed up naturally from a river, lake, or sea.
Bundle of Legal Rights - Answer-The concept of land ownership that includes
ownership of all legal rights to the land—possession, control within the law,
enjoyment, exclusion, and disposition.
improvement - Answer-Any structure, usually privately owned, erected on a site to
enhance the value of the property.
Surface Rights - Answer-Ownership rights in a parcel of real estate that are limited to
the surface of the property and do not include the air above it (air rights) or the
minerals below the surface (subsurface rights).
fixture - Answer-An item of personal property that has been converted to real
property by being permanently affixed to the realty.
Subsurface Rights - Answer-Ownership rights in a parcel of real estate to the water,
minerals, gas, oil, and so forth that lie beneath the surface of the property.
riparian rights - Answer-Common-law rights granted to owners of land along the
course of a river, stream, or similar flowing body of water that is not navigable
Real Property - Answer-The interests, benefits, and rights inherent in real estate
ownership, (bundle of rights)
