ASREB Chapter 1 exam 2023/2024 with 100% correct answers

Attachments are generally considered_____and can be either____or____ - correct answer real property, natural, or man made What are five test to determine what is or is not a fixture? - correct answer M.A.R.I.A. Method of Attachment, Agreement, Relationship, Intent, Adaptability Property ownership is what two basic systems? - correct answer Feudal and Allodial All real estate is owned by the king and there are no heirs. - correct answer Feudal System The system of land ownership where anyone can own land - correct answer .Allodial System DEEP C -Disposition, enjoyment, exclusion, possession, control, also known as____ - correct answer Bundle of Rights By securing the entire bundle of rights you're considered to be a____ - correct answer owner Property rights that go with ownership of real property are referred to as the____ - correct answer Bundle of Rights Surface of the earth, below to the center, and above, with all natural things is____ - correct answer Land What includes the actual physical land as well as all of the attachments (which are items and property attached to the land)? - correct answer Real Estate The land, attachments (real estate), legal interest, rights, and bundle of rights is____. (Corporeal, immovable, realty, cannot be destroyed, and has a deed.) - correct answer real property Movable property, Chattel, tangible objects (beds, chairs, tables), and intangible (copyrights, patents, trademarks), bill of sale, incorporeal, personalty - correct answer personal property