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Colorado Real Estate EXAM Prep
Questions and Answers Latest 2026
An owner of real estate possesses certain rights,
including:
possession of the property
control of the property
disposition of the property
all of the above Ans: all of the above
Possession, control and disposition of ownership are
included in the bundle of rights. The "Bundle of Rights"
can best be remembered by the name "C-U-P-E-D". These
letters stand for control, use, possess, enjoyment, and
dispose.
According to law, a trade fixture is:
A fixture
Personal property
An easement
A license Ans: Personal property
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A trade fixture is personal property of the tenant and
may be removed by the tenant. A trade fixture is
something that is used in the conducting of a business;
i.e. a pizza oven in a pizza restaurant.
Personal property may be distinguished from real
property by its:
great variety
mobility
overhead price
multiplicity of uses Ans: mobility
Personal property is not attached to the land or the
improvements and it usually is movable. Even though it
may be personal property, the contract can include it in
the sale of the real estate and then, by means of the
contract it does become real estate.
Three of the four economic characteristics of real
property are:
scarcity
permanence of investment
improvements
all of the above Ans: all of the above
© 2025 All rights reserved
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Scarcity (supply), permanence of investment,
improvements, and area preference are all economic
characteristics of real property.
Legal tests to determine whether a fixture (something
which is attached) should stay or can be removed from a
property by a Seller include all of the following EXCEPT:
intention of the parties
method of attachment
how they were purchased
existence of an agreement Ans: how they were purchased
Legal tests of a fixture include intention of the parties
(did they plan for it to stay or did they plan to take the
object usually defined in the contract), method of
attachment (is it screwed into the wall like a curtain rod
or is it just hanging on a rod like a curtain), its type and
adaptability to the real property, and the relationship of
the parties which is usually set forth in an agreement or
contract.
Trade fixtures are:
a permanent part of a building
owned by the owner of the real estate
removable with the building owner's permission
© 2025 All rights reserved
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personal property of the tenant Ans: personal property
of the tenant
Trade fixtures are the personal property of the tenant
and may be removed at any time. If left after the
termination of the lease they become the property of the
landlord.
Which of the following is (are) considered personal
property?
Wood-burning fireplaces
Patio furniture
Bathtub
Awning Ans: Patio furniture
Personal property is never attached.
Certain items on the premise that are installed by the
tenant and are related to the tenant's business are called:
fixtures
emblements
trade fixtures
easements Ans: trade fixtures
© 2025 All rights reserved
Colorado Real Estate EXAM Prep
Questions and Answers Latest 2026
An owner of real estate possesses certain rights,
including:
possession of the property
control of the property
disposition of the property
all of the above Ans: all of the above
Possession, control and disposition of ownership are
included in the bundle of rights. The "Bundle of Rights"
can best be remembered by the name "C-U-P-E-D". These
letters stand for control, use, possess, enjoyment, and
dispose.
According to law, a trade fixture is:
A fixture
Personal property
An easement
A license Ans: Personal property
© 2025 All rights reserved
, 2 | Page
A trade fixture is personal property of the tenant and
may be removed by the tenant. A trade fixture is
something that is used in the conducting of a business;
i.e. a pizza oven in a pizza restaurant.
Personal property may be distinguished from real
property by its:
great variety
mobility
overhead price
multiplicity of uses Ans: mobility
Personal property is not attached to the land or the
improvements and it usually is movable. Even though it
may be personal property, the contract can include it in
the sale of the real estate and then, by means of the
contract it does become real estate.
Three of the four economic characteristics of real
property are:
scarcity
permanence of investment
improvements
all of the above Ans: all of the above
© 2025 All rights reserved
, 3 | Page
Scarcity (supply), permanence of investment,
improvements, and area preference are all economic
characteristics of real property.
Legal tests to determine whether a fixture (something
which is attached) should stay or can be removed from a
property by a Seller include all of the following EXCEPT:
intention of the parties
method of attachment
how they were purchased
existence of an agreement Ans: how they were purchased
Legal tests of a fixture include intention of the parties
(did they plan for it to stay or did they plan to take the
object usually defined in the contract), method of
attachment (is it screwed into the wall like a curtain rod
or is it just hanging on a rod like a curtain), its type and
adaptability to the real property, and the relationship of
the parties which is usually set forth in an agreement or
contract.
Trade fixtures are:
a permanent part of a building
owned by the owner of the real estate
removable with the building owner's permission
© 2025 All rights reserved
, 4 | Page
personal property of the tenant Ans: personal property
of the tenant
Trade fixtures are the personal property of the tenant
and may be removed at any time. If left after the
termination of the lease they become the property of the
landlord.
Which of the following is (are) considered personal
property?
Wood-burning fireplaces
Patio furniture
Bathtub
Awning Ans: Patio furniture
Personal property is never attached.
Certain items on the premise that are installed by the
tenant and are related to the tenant's business are called:
fixtures
emblements
trade fixtures
easements Ans: trade fixtures
© 2025 All rights reserved
