Georgia Real Estate 2026-2027 Exam
Questions and Answers 100% Correct
personal property ✔✔are the items the seller can load into the van when moving after the sale
chattels personal ✔✔refers to cars, boats, furniture, clothes, stocks, money and tools
chattels real ✔✔items that extend to owner an interest in real property; leases, mortgages,
contracts to purchase and options
deed ✔✔is how real property is transferred
bill of sale ✔✔how personal property is transferred
real estate ✔✔consists of land itself plus those things which are permanently attached to the land
by man (buildings) or nature (trees)
real property ✔✔it not only includes those things permanently attached but also the legal rights
and interests that go along with ownership
appurtenance ✔✔any right, interest, or improvement which automatically conveys with the
ownership of the property
,run with the land ✔✔rights and responsibilities which automatically convey
land ✔✔starts at the earth's center and passes through the surface and extends into space above
the surface to an indefinite height
tenements ✔✔are things that permanently attached to the land; physically or legally and are
immovable by law
fructus naturales ✔✔those grown naturally and requiring no annual cultivation; are considered to
be real property
fructus industriales ✔✔emblements; crops that are planted and harvested each year
improvements ✔✔any product of human planning or labor that is affixed to the land with the
intent of being permanent
percolating water ✔✔underground water that is not confined to a specific waterway
water table ✔✔the level at which percolating water is found
,riparian rights ✔✔concern those properties that border a river or stream and the owner has the
right to use the water for such things as swimming, boating or fishing. rights are not exclusive
because the rights of other owners whose properties border the same waterway must be respected
correlative rights ✔✔allows the owner only a reasonable share of the water during times of short
supply
prior appropriation ✔✔the right to use is secured by a permit
navigable waters ✔✔rivers and oceans used for commercial shipping and are identified on
government survey maps
littoral rights ✔✔properties which border large navigable lakes, oceans, or seas and typically
involve the use and enjoyment of the shore
mineral rights ✔✔land owner rights to such things as coal, oil, gas and ores
right of lateral support ✔✔protects adjoining land from being damaged by efforts to extract
minerals from below
law of capture ✔✔refers to the process of removing oil and gas from land
, air rights ✔✔space above the land; may bee sold or leased separately from the land itself
severance ✔✔the process by which an item of real property becomes personal property
fixture ✔✔a property that was once personal becomes real property; such as built in appliances
economic life ✔✔real estate investors are not generally interested in how long buildings will last,
but in how long they will be profitable
scarcity ✔✔the fact that an acre of land in a rural area cannot fulfill as many needs as an acre of
urban land describes the economic characteristic
legal description ✔✔used to identify the property in such a way that it cannot be mistaken for
any other parcel of land and can be found at a later date in spite of changes that may occur
spot survey ✔✔The survey a buyer receives at closing is called a __________.
plat of survey ✔✔A _______________ is a map or drawing that shows the location and
boundaries of a land parcel, and in some cases, how the land is subdivided into lots. metes and
bound ✔✔method of legal description identifies the parcel of land by describing its boundaries.
Metes ( are distances and directions), Bounds (are landmarks or monuments that serve as
Questions and Answers 100% Correct
personal property ✔✔are the items the seller can load into the van when moving after the sale
chattels personal ✔✔refers to cars, boats, furniture, clothes, stocks, money and tools
chattels real ✔✔items that extend to owner an interest in real property; leases, mortgages,
contracts to purchase and options
deed ✔✔is how real property is transferred
bill of sale ✔✔how personal property is transferred
real estate ✔✔consists of land itself plus those things which are permanently attached to the land
by man (buildings) or nature (trees)
real property ✔✔it not only includes those things permanently attached but also the legal rights
and interests that go along with ownership
appurtenance ✔✔any right, interest, or improvement which automatically conveys with the
ownership of the property
,run with the land ✔✔rights and responsibilities which automatically convey
land ✔✔starts at the earth's center and passes through the surface and extends into space above
the surface to an indefinite height
tenements ✔✔are things that permanently attached to the land; physically or legally and are
immovable by law
fructus naturales ✔✔those grown naturally and requiring no annual cultivation; are considered to
be real property
fructus industriales ✔✔emblements; crops that are planted and harvested each year
improvements ✔✔any product of human planning or labor that is affixed to the land with the
intent of being permanent
percolating water ✔✔underground water that is not confined to a specific waterway
water table ✔✔the level at which percolating water is found
,riparian rights ✔✔concern those properties that border a river or stream and the owner has the
right to use the water for such things as swimming, boating or fishing. rights are not exclusive
because the rights of other owners whose properties border the same waterway must be respected
correlative rights ✔✔allows the owner only a reasonable share of the water during times of short
supply
prior appropriation ✔✔the right to use is secured by a permit
navigable waters ✔✔rivers and oceans used for commercial shipping and are identified on
government survey maps
littoral rights ✔✔properties which border large navigable lakes, oceans, or seas and typically
involve the use and enjoyment of the shore
mineral rights ✔✔land owner rights to such things as coal, oil, gas and ores
right of lateral support ✔✔protects adjoining land from being damaged by efforts to extract
minerals from below
law of capture ✔✔refers to the process of removing oil and gas from land
, air rights ✔✔space above the land; may bee sold or leased separately from the land itself
severance ✔✔the process by which an item of real property becomes personal property
fixture ✔✔a property that was once personal becomes real property; such as built in appliances
economic life ✔✔real estate investors are not generally interested in how long buildings will last,
but in how long they will be profitable
scarcity ✔✔the fact that an acre of land in a rural area cannot fulfill as many needs as an acre of
urban land describes the economic characteristic
legal description ✔✔used to identify the property in such a way that it cannot be mistaken for
any other parcel of land and can be found at a later date in spite of changes that may occur
spot survey ✔✔The survey a buyer receives at closing is called a __________.
plat of survey ✔✔A _______________ is a map or drawing that shows the location and
boundaries of a land parcel, and in some cases, how the land is subdivided into lots. metes and
bound ✔✔method of legal description identifies the parcel of land by describing its boundaries.
Metes ( are distances and directions), Bounds (are landmarks or monuments that serve as
