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ANSWERS) CURRENTLY UPDATED VERSION 2026
EDITION |GUARANTEED PASS A+ |FULL REVISED
EXAM
The main emphasis of ARELLO is the
Exchange of information, exchange of ideas regarding licensing,
regulation and adoption of similar policies and standards for all
states.
CCIM
Which association provides in-depth courses for persons interested
in learning about commercial real estate?
70%
In the United States, about what percentage of the population lives
within one hundred miles of a coastal line?
Types of mortgages available, interest rates, closing dates
For the individual, what factors would weigh heavily in determining
an offer price?
,Right of unrestricted use.
Which of the following is NOT one of the "bundles of rights"?
Right of Possession
Rights of Enjoyment
Rights of Disposition
Which of the following are "Bundles of Rights"?
Non-Navigable rivers & streams
Riparian rights relate to the use and ownership of water in
Littoral Rights
The right to the water and ownership of the land up to the tire high-
water mark of land abutting or bordering navigable bodies are
Mobility
Personal property is most easily distinguished from real property by
its
,Personal property
Owners are building a new enclosed front porch on a home. The
lumber dealer with whom they are contracting has just unloaded a
truckload of lumber in the front of their house that will be used to
build the porch. At this point the lumber is considered to be
Crops produced annually by labor and industry
In discussing the terms of the sale, a licensee makes reference to
emblements. This has to do with
The adaptation of the the item to the premises.
An agreement between the parties involved.
The intention of the parties.
Which of the following tests would be used to determine if an item
of personal property has become a fixture and, thus real property?
Heterogeneity
The fact that no two parcels of land can occupy the same location
gives land the characteristic of
Is considered permanent, fixed, and immovable.
As distinguished from personal property, real property
Improvements
Man-made permanent additions to land are called
, Capital & Labor
When improving land, which of the following expenditures
represents a fixed investment
Air space located over a city airport.
A bush planted in the ground.
Mineral rights that have been reserved by the grantors.
It is important to be able to distinguish between real & personal
property. Real property would be
Prior Appropriation
Riparian
Littoral
Which of the following pertains to water rights?
Size of the item
All of the following are tests for determining a fixture EXCEPT