(updated 2026) Questions & Answers
Latest Already Graded A+ UPDATE 2026
What is a trade fixture? -CORRECTANSWER Personal property used for a person's
business. (even if it attached to the real estate)
What are the classes of Property? -CORRECTANSWER Personal Property and Real
Property
What is personal property? -CORRECTANSWER Generally movable and unattached
items.
What is Fructus Industriales? -CORRECTANSWER Crops also known as chattle.
What general categories does personal property fall under? -CORRECTANSWER
Intellectual, reputation, leases, partnership interests.
Real Property -CORRECTANSWER Everything within a specified block including
mining rights, air rights, and general land usage rights.
What are some common land improvements? -CORRECTANSWER Houses, fences,
fire pit
,What categories fall under real property? -CORRECTANSWER Land, improvements, or
real estate (the land plus the improvements.)
What fall into fructus naturales? -CORRECTANSWER Flowers, bushes, trees, and
general landscaping.
What is a fixture? -CORRECTANSWER Things like fences and lights that were once
movable personal property that were affixed to a property making them fixtures.
What is the method of attachment? -CORRECTANSWER How permanent and attached
object is to the property.
What is an adaptation? -CORRECTANSWER When something is specifically made to
work with a building and is now a fixture even if it isn't "attached" to a property
What can an agreement do? -CORRECTANSWER An agreement allows for a fixture to
be removed.
What is a relationship of parties? -CORRECTANSWER When a renter makes
improvements but takes the improvements with him replacing them with the originals
when he leaves. Like upgrading a fan and then putting back the original when you
leave.
, What is are rights in real property? -CORRECTANSWER ownership rights in surface,
air, and the dirt of a person's land.
What is included in the bundle of rights? -CORRECTANSWER Possess property,
control property, enjoy property, exclude others, encumber property, and disposal of
property by sale.
What are water rights? -CORRECTANSWER The right to use the water that is on your
property.
What can limit the use of real property? -CORRECTANSWER Zoning and deed
restrictions
What is an economic indicator? -CORRECTANSWER A measurable ecinomic factor
(such as real estate) that shows how the economy is or will do.
What is the social impact of home ownership? -CORRECTANSWER The more people
who own there homes the more valuable the area is because the homes are better
maintained. Whereas an area with a lot of renters is not as nice because they don't feel
the need to take care of the property.