REE 3043 Exam 1 AND 2- FSU
Woodyard Test Questions with
Guaranteed Pass Solutions 2026
Updated.
Four Unities - Answer possession
Interest
Time
Title
Principal definition of Real Estate - Answer "rights to land and its permanent fixtures
Rights Associated with ownership of real estate
(PUD) - Answer -Purpose
-Use
-Disposition
Taking - Answer when the government takes a parcel of land through due process and just
compensation
Rights (ONE) - Answer - Government is obligated to enforce
- Non- revocable
- Enduring
Personal rights - Answer (personal freedoms)
derived from the bill of rights and other amendments and clauses in the un constitution.
Property Rights
(PUD) - Answer rights to both things tangible and intangible
includes
-Possession
-Use and enjoyment
-Disposition
Property Classes - Answer Real Property
,Personal property
Real property - Answer Rights in land and its permanent structures
Personal Property - Answer everything else
Land - Answer include whats on top of the surface the air above the surface and the land
underneath the surface
Fixture - Answer An object that formerly was personal property but has become real
property
Four Rules to determine whether an object has become a fixture
(MARI) - Answer 1. The manner of attachment
2.The manner of adaption
3. the intention of the party
4. relationship of the party
The Manner of attachment - Answer the question is whether removal of the object results in
damage to the property.
The Character of the article and manner of adaption - Answer items that have been custom
designed or custom fitted are regarded as fixtures.
The intentions of the parties - Answer not the private intentions but to the fact of the
situation and the intention that an observer familiar with customary practice would conclude
for them.
Relationship to party - Answer a) Trade fixture -
b) Agricultural fixture
c) Residential Tenants
Trade fixture - Answer items installed by a commercial tenant to conduct business is personal
property
, Agricultural Fixtures - Answer property of the tenant
Personal Property
Residential Tenant - Answer Any item installed by the tenant is regarded as personal property
until it is abandoned
Rule of intention - Answer most recent and dominant rule
typically will prevail
Interests - Answer A dismantled bundle of rights agreement that create lesser bundles
Possessory Interests (Estates) - Answer Interests in real property that also include
possessions
Ownership Estate( Freeholds or Titled Interest) - Answer estates indefinite in length
can differ by variations in the rights to disposition
Fee Simple Absolute - Answer the most complete bundle of rights possible.
All possible rights exclusive possession, use of enjoyment and disposition are possessed
Fee Simple Conditional - Answer Ownership is is subject to a condition or trigger event
if a trigger event occurs the property can revert back to the original owner.
Ordinary Life Estate with remainder - Answer the right to disposition is unbundled completely
but the right to use exclusive possessions and use and enjoyment until the remainder of one's
life.
Legal Life Estate - Answer Created by the action of law
Leasehold ( Non Ownership or non-freehold) Estate - Answer interests that are possessory
interests and they differ from freehold estates
- limited in time
- right to disposition is diminished
- are not titled interest
Woodyard Test Questions with
Guaranteed Pass Solutions 2026
Updated.
Four Unities - Answer possession
Interest
Time
Title
Principal definition of Real Estate - Answer "rights to land and its permanent fixtures
Rights Associated with ownership of real estate
(PUD) - Answer -Purpose
-Use
-Disposition
Taking - Answer when the government takes a parcel of land through due process and just
compensation
Rights (ONE) - Answer - Government is obligated to enforce
- Non- revocable
- Enduring
Personal rights - Answer (personal freedoms)
derived from the bill of rights and other amendments and clauses in the un constitution.
Property Rights
(PUD) - Answer rights to both things tangible and intangible
includes
-Possession
-Use and enjoyment
-Disposition
Property Classes - Answer Real Property
,Personal property
Real property - Answer Rights in land and its permanent structures
Personal Property - Answer everything else
Land - Answer include whats on top of the surface the air above the surface and the land
underneath the surface
Fixture - Answer An object that formerly was personal property but has become real
property
Four Rules to determine whether an object has become a fixture
(MARI) - Answer 1. The manner of attachment
2.The manner of adaption
3. the intention of the party
4. relationship of the party
The Manner of attachment - Answer the question is whether removal of the object results in
damage to the property.
The Character of the article and manner of adaption - Answer items that have been custom
designed or custom fitted are regarded as fixtures.
The intentions of the parties - Answer not the private intentions but to the fact of the
situation and the intention that an observer familiar with customary practice would conclude
for them.
Relationship to party - Answer a) Trade fixture -
b) Agricultural fixture
c) Residential Tenants
Trade fixture - Answer items installed by a commercial tenant to conduct business is personal
property
, Agricultural Fixtures - Answer property of the tenant
Personal Property
Residential Tenant - Answer Any item installed by the tenant is regarded as personal property
until it is abandoned
Rule of intention - Answer most recent and dominant rule
typically will prevail
Interests - Answer A dismantled bundle of rights agreement that create lesser bundles
Possessory Interests (Estates) - Answer Interests in real property that also include
possessions
Ownership Estate( Freeholds or Titled Interest) - Answer estates indefinite in length
can differ by variations in the rights to disposition
Fee Simple Absolute - Answer the most complete bundle of rights possible.
All possible rights exclusive possession, use of enjoyment and disposition are possessed
Fee Simple Conditional - Answer Ownership is is subject to a condition or trigger event
if a trigger event occurs the property can revert back to the original owner.
Ordinary Life Estate with remainder - Answer the right to disposition is unbundled completely
but the right to use exclusive possessions and use and enjoyment until the remainder of one's
life.
Legal Life Estate - Answer Created by the action of law
Leasehold ( Non Ownership or non-freehold) Estate - Answer interests that are possessory
interests and they differ from freehold estates
- limited in time
- right to disposition is diminished
- are not titled interest
