VA Real Estate Moseley Test questions with
answers
What are the classes of Property? - CORRECT ANSWERS ✔✔Personal
Property and Real Property
What is personal property? - CORRECT ANSWERS ✔✔Generally movable and
unattached items.
What is a trade fixture? - CORRECT ANSWERS ✔✔Personal property used for
a person's business. (even if it attached to the real estate)
What is Fructus Industriales? - CORRECT ANSWERS ✔✔Crops also known as
chattle.
What general categories does personal property fall under? - CORRECT
ANSWERS ✔✔Intellectual, reputation, leases, partnership interests.
Real Property - CORRECT ANSWERS ✔✔Everything within a specified block
including mining rights, air rights, and general land usage rights.
What are some common land improvements? - CORRECT ANSWERS
✔✔Houses, fences, fire pit
,What categories fall under real property? - CORRECT ANSWERS ✔✔Land,
improvements, or real estate (the land plus the improvements.)
What fall into fructus naturales? - CORRECT ANSWERS ✔✔Flowers, bushes,
trees, and general landscaping.
What is a fixture? - CORRECT ANSWERS ✔✔Things like fences and lights
that were once movable personal property that were affixed to a property
making them fixtures.
What is the method of attachment? - CORRECT ANSWERS ✔✔How
permanent and attached object is to the property.
What is an adaptation? - CORRECT ANSWERS ✔✔When something is
specifically made to work with a building and is now a fixture even if it isn't
"attached" to a property
What can an agreement do? - CORRECT ANSWERS ✔✔An agreement allows
for a fixture to be removed.
What is a relationship of parties? - CORRECT ANSWERS ✔✔When a renter
makes improvements but takes the improvements with him replacing them
with the originals when he leaves. Like upgrading a fan and then putting back
the original when you leave.
, What is are rights in real property? - CORRECT ANSWERS ✔✔ownership
rights in surface, air, and the dirt of a person's land.
What is included in the bundle of rights? - CORRECT ANSWERS ✔✔Possess
property, control property, enjoy property, exclude others, encumber property,
and disposal of property by sale.
What are water rights? - CORRECT ANSWERS ✔✔The right to use the water
that is on your property.
What can limit the use of real property? - CORRECT ANSWERS ✔✔Zoning
and deed restrictions
What is an economic indicator? - CORRECT ANSWERS ✔✔A measurable
ecinomic factor (such as real estate) that shows how the economy is or will do.
What is the social impact of home ownership? - CORRECT ANSWERS ✔✔The
more people who own there homes the more valuable the area is because the
homes are better maintained. Whereas an area with a lot of renters is not as
nice because they don't feel the need to take care of the property.
What is the impact of supply and demand on the housing market? - CORRECT
ANSWERS ✔✔The less that are available the more they are worth as long as
there is a demand.
answers
What are the classes of Property? - CORRECT ANSWERS ✔✔Personal
Property and Real Property
What is personal property? - CORRECT ANSWERS ✔✔Generally movable and
unattached items.
What is a trade fixture? - CORRECT ANSWERS ✔✔Personal property used for
a person's business. (even if it attached to the real estate)
What is Fructus Industriales? - CORRECT ANSWERS ✔✔Crops also known as
chattle.
What general categories does personal property fall under? - CORRECT
ANSWERS ✔✔Intellectual, reputation, leases, partnership interests.
Real Property - CORRECT ANSWERS ✔✔Everything within a specified block
including mining rights, air rights, and general land usage rights.
What are some common land improvements? - CORRECT ANSWERS
✔✔Houses, fences, fire pit
,What categories fall under real property? - CORRECT ANSWERS ✔✔Land,
improvements, or real estate (the land plus the improvements.)
What fall into fructus naturales? - CORRECT ANSWERS ✔✔Flowers, bushes,
trees, and general landscaping.
What is a fixture? - CORRECT ANSWERS ✔✔Things like fences and lights
that were once movable personal property that were affixed to a property
making them fixtures.
What is the method of attachment? - CORRECT ANSWERS ✔✔How
permanent and attached object is to the property.
What is an adaptation? - CORRECT ANSWERS ✔✔When something is
specifically made to work with a building and is now a fixture even if it isn't
"attached" to a property
What can an agreement do? - CORRECT ANSWERS ✔✔An agreement allows
for a fixture to be removed.
What is a relationship of parties? - CORRECT ANSWERS ✔✔When a renter
makes improvements but takes the improvements with him replacing them
with the originals when he leaves. Like upgrading a fan and then putting back
the original when you leave.
, What is are rights in real property? - CORRECT ANSWERS ✔✔ownership
rights in surface, air, and the dirt of a person's land.
What is included in the bundle of rights? - CORRECT ANSWERS ✔✔Possess
property, control property, enjoy property, exclude others, encumber property,
and disposal of property by sale.
What are water rights? - CORRECT ANSWERS ✔✔The right to use the water
that is on your property.
What can limit the use of real property? - CORRECT ANSWERS ✔✔Zoning
and deed restrictions
What is an economic indicator? - CORRECT ANSWERS ✔✔A measurable
ecinomic factor (such as real estate) that shows how the economy is or will do.
What is the social impact of home ownership? - CORRECT ANSWERS ✔✔The
more people who own there homes the more valuable the area is because the
homes are better maintained. Whereas an area with a lot of renters is not as
nice because they don't feel the need to take care of the property.
What is the impact of supply and demand on the housing market? - CORRECT
ANSWERS ✔✔The less that are available the more they are worth as long as
there is a demand.
