Perry Real Estate College Final Exam _ Study Guide & Practice Questions 1 2026-03-02
Perry Real Estate College
Final Exam | Study Guide &
Practice Questions
Page 1
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_ Perry Real Estate College Final Exam _ Study Guide & Practice Questions.pdf
,Perry Real Estate College Final 2 2026-03-02
Fixture
An item of personal property that has been converted to real property by being permanently affixed to the realty.
Special Purpose Real Estate
churches, schools, cemeteries, and government-held lands
Propriety lease
the lease given to shareholders in a cooperative
Disposition
Right to encumber
Control
Right to determine interest of property
Page 2 Perry Real Estate College Final.pdf
,Perry Real Estate College Final 3 2026-03-02
Accession
Acquiring title to additions or improvements to real property as a result of a lease ending
PITI
Principal, Interest, Taxes, Insurance
Exclusion
ability to legally refuse others interest
Yes
Are Fixtures real property?
third
Mortgage interest on a ____ home affects tax returns
Page 3 Perry Real Estate College Final.pdf
, Perry Real Estate College Final 4 2026-03-02
Improvement
any artificial thing attached on or below ground, such as a building, fence, water line or sewer pipe, as well as
growing things that are made part of the landscaping.
Deed
A document that transfers ownership of property from one party to another.
federally related transaction
Appraisals are required for
Condo
An individually owned unit in an apartment-style complex with shared ownership of common areas.Owned in fee
simple + undivided joint interests
monetary policy
factor in supply
Page 4 Perry Real Estate College Final.pdf
Perry Real Estate College
Final Exam | Study Guide &
Practice Questions
Page 1
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_ Perry Real Estate College Final Exam _ Study Guide & Practice Questions.pdf
,Perry Real Estate College Final 2 2026-03-02
Fixture
An item of personal property that has been converted to real property by being permanently affixed to the realty.
Special Purpose Real Estate
churches, schools, cemeteries, and government-held lands
Propriety lease
the lease given to shareholders in a cooperative
Disposition
Right to encumber
Control
Right to determine interest of property
Page 2 Perry Real Estate College Final.pdf
,Perry Real Estate College Final 3 2026-03-02
Accession
Acquiring title to additions or improvements to real property as a result of a lease ending
PITI
Principal, Interest, Taxes, Insurance
Exclusion
ability to legally refuse others interest
Yes
Are Fixtures real property?
third
Mortgage interest on a ____ home affects tax returns
Page 3 Perry Real Estate College Final.pdf
, Perry Real Estate College Final 4 2026-03-02
Improvement
any artificial thing attached on or below ground, such as a building, fence, water line or sewer pipe, as well as
growing things that are made part of the landscaping.
Deed
A document that transfers ownership of property from one party to another.
federally related transaction
Appraisals are required for
Condo
An individually owned unit in an apartment-style complex with shared ownership of common areas.Owned in fee
simple + undivided joint interests
monetary policy
factor in supply
Page 4 Perry Real Estate College Final.pdf
