Correct Answers 2026
What is real property? - CORRECT ANSWER -Land, anything affixed to land, anything incidental
or appurtenant to land- immovable
Bundle of Rights - CORRECT ANSWER -Rights, privileges, and interests associated with land
ownership . Real property is land plus a bundle of rights
Appurtenances - CORRECT ANSWER -Right or interest that goes with a piece of land. Landowner
can sell rights separately from land. Includes:
-Air Rights
-Water Rights
-Mineral Rights
-Support Rights
Riparian Rights - CORRECT ANSWER -The water rights of landowner whose property is adjacent
to or crossed by a river (or any body of water).
Appropriative Rights - CORRECT ANSWER -Landowner may still have rights to use water.
Obtained from the government through a permit system
Support Rights - CORRECT ANSWER -The right to get support from land beside (lateral support)
and beneath their property (subjacent support)
Attachments - CORRECT ANSWER -Permanently attached to the land. Either man made or
natural
,Doctrine of Emblements - CORRECT ANSWER -Applies to crops planted by a tenant farmer; land
belongs to owner, crops are personal property of tenant.
Fixtures - CORRECT ANSWER -Articles attached to the land by people. Houses, fences, patio are
man made improvements that are fixtures
Fixture Tests - CORRECT ANSWER -Determines what is real vs. personal property
1. Method of attachment
2. Adaptation of item to the realty
3. Intention of installer (annexor) (most important test)
4. Relationship of the parties
Age, cost, or size of item are not fixture tests. Keys to a house are classified as real property.
Bill of Sale - CORRECT ANSWER -Document conveying title to personal property. Must be in
writing, identify the parties, and be signed
Mobile Homes - CORRECT ANSWER -A real estate agent may take a listing if it has gone through
the title elimination process and the sale includes the property to which it is attached
Methods of Legal Description - CORRECT ANSWER -Three major methods used to describe land:
-Metes & Bounds (uses compass directions and references monuments, begins will the point of
beginning)
-Government Survey (References a series of grids)
-Lot & Block Method (uses plat maps)
Estates - CORRECT ANSWER -Refers to the degree of interest a person has in land. Falls into two
categories:
-Freehold Estates
, -Less-than-freehold Estates
Freehold Estate - CORRECT ANSWER -Interest in real property with an indeterminable duration.
Two types:
-Fee Simple
-Life Estate
Leasehold Estates - CORRECT ANSWER -Tenant receives a leasehold estate while landlord retains
an interest called a leased fee estate
Estate for Years - CORRECT ANSWER -Tenancy for a fixed period of time. Formed through
express agreement
Periodic Tenancy - CORRECT ANSWER -No definite termination date, will continue until one
gives termination.
Estate at Will - CORRECT ANSWER -Arises when a lease has expired and the parties are in the
process of negotiating the terms of a new lease.
Tenancy at Sufferance - CORRECT ANSWER -Lowest form- one who is holding over after the
lease has ended
Ownership in Severalty - CORRECT ANSWER -One person owns it
Concurrent Ownership - CORRECT ANSWER -Two or more persons own a piece of real property.
Three kinds:
-Tenancy in common (two or more individuals have undivided interest)
-Join Tenancy (two or more individuals are join and equal owners)