SC /
Real
/ /
Estate -
/ // /
Chapter
/ //
1 Questions With Answers
// // // //
Real /
Estate -
/ // /
CORRECT ANSWERS(S)✔✔Air, water, land, and everything
/ // // // // //
affixed
// /
to
/ /
the
/ /
land.
/ /
May
/ /
be
/ /
owned
/ /
privately by individuals and private entities, or publicly by
/ // // // // // // // //
government entities.
// //
Land - // /
CORRECT ANSWERS(S)✔✔- Surface area of the earth
/ // // // // // //
- /
Everything
/ /
,/ beneath /
/ the surface of the earth extending downward to its center
// // // // // // // // //
- All natural things permanently attached to the earth
// // // // // // // //
- /
The
/ /
air
/ /
above
/ /
the surface of the earth extending outward to infinity
/ // // // // // // // //
Land /
has
/ /
three
/ /
unique
/ /
physical
/ /
characteristics: - CORRECT ANSWERS(S)✔✔- Immobility
/ // // // //
- Indestructibility
//
- Heterogeneity
//
Improvements - CORRECT ANSWERS(S)✔✔Man- // // //
made structures attached to the land
// // // // //
Bundle /
of
/ /
Rights -
/ // /
CORRECT
/ /
ANSWERS(S)✔✔The
/ /
,/ rights /
/ of/
/ an owner to possess, control, enjoy, sell, lease, mortgage,
// // // // // // // //
// and dispose of the property.
// // // //
Real /
Property -
/ // /
CORRECT
/ /
ANSWERS(S)✔✔Ownership
/ /
of
/ /
real
/ /
estate
/ /
and
/ /
the
/ /
bundle
/ /
of
/ /
rights
/ /
associated
/ /
with
/ /
owning
/ /
the real estate. Real property can be rental or residential.
/ // // // // // // // // //
Personal /
Property -
/ // /
CORRECT
/ /
ANSWERS(S)✔✔Ownership
/ /
of
/ /
anything
/ /
, / that /
/ is /
/ not /
/ real /
/ estate, /
/ and /
/ the /
/ rights /
/ associated with owning the personal property item.
// // // // // // //
These items can also be called chattels or personalty.
// // // // // // // // //
- Moveable
//
- Destructible
//
- Homogenous
//
Tangible /
Property
/ /
(Corporeal) -
/ // /
CORRECT ANSWERS(S)✔✔Physical, visible, and material.
/ // // // //
Intangible /
Property
/ /
(Incorporeal) -
/ // /
CORRECT
/ /
ANSWERS(S)✔✔Abstract,
/ /
having
/ /
no
/ /
physical
/ /
Real
/ /
Estate -
/ // /
Chapter
/ //
1 Questions With Answers
// // // //
Real /
Estate -
/ // /
CORRECT ANSWERS(S)✔✔Air, water, land, and everything
/ // // // // //
affixed
// /
to
/ /
the
/ /
land.
/ /
May
/ /
be
/ /
owned
/ /
privately by individuals and private entities, or publicly by
/ // // // // // // // //
government entities.
// //
Land - // /
CORRECT ANSWERS(S)✔✔- Surface area of the earth
/ // // // // // //
- /
Everything
/ /
,/ beneath /
/ the surface of the earth extending downward to its center
// // // // // // // // //
- All natural things permanently attached to the earth
// // // // // // // //
- /
The
/ /
air
/ /
above
/ /
the surface of the earth extending outward to infinity
/ // // // // // // // //
Land /
has
/ /
three
/ /
unique
/ /
physical
/ /
characteristics: - CORRECT ANSWERS(S)✔✔- Immobility
/ // // // //
- Indestructibility
//
- Heterogeneity
//
Improvements - CORRECT ANSWERS(S)✔✔Man- // // //
made structures attached to the land
// // // // //
Bundle /
of
/ /
Rights -
/ // /
CORRECT
/ /
ANSWERS(S)✔✔The
/ /
,/ rights /
/ of/
/ an owner to possess, control, enjoy, sell, lease, mortgage,
// // // // // // // //
// and dispose of the property.
// // // //
Real /
Property -
/ // /
CORRECT
/ /
ANSWERS(S)✔✔Ownership
/ /
of
/ /
real
/ /
estate
/ /
and
/ /
the
/ /
bundle
/ /
of
/ /
rights
/ /
associated
/ /
with
/ /
owning
/ /
the real estate. Real property can be rental or residential.
/ // // // // // // // // //
Personal /
Property -
/ // /
CORRECT
/ /
ANSWERS(S)✔✔Ownership
/ /
of
/ /
anything
/ /
, / that /
/ is /
/ not /
/ real /
/ estate, /
/ and /
/ the /
/ rights /
/ associated with owning the personal property item.
// // // // // // //
These items can also be called chattels or personalty.
// // // // // // // // //
- Moveable
//
- Destructible
//
- Homogenous
//
Tangible /
Property
/ /
(Corporeal) -
/ // /
CORRECT ANSWERS(S)✔✔Physical, visible, and material.
/ // // // //
Intangible /
Property
/ /
(Incorporeal) -
/ // /
CORRECT
/ /
ANSWERS(S)✔✔Abstract,
/ /
having
/ /
no
/ /
physical
/ /