1. Real property includes:
A. Land and permanently attached improvements
B. Furniture only
C. Stocks and bonds
D. Vehicles
Answer: A
Explanation: Real property consists of land and anything permanently attached to it.
2. Which is considered personal property?
A. Built-in cabinets
B. Central air conditioning system
C. Dining room table
D. Attached garage
Answer: C
Explanation: Personal property (chattel) is movable and not permanently attached.
3. The highest form of ownership interest is:
A. Leasehold estate
B. Fee simple estate
C. Easement
D. Life estate
Answer: B
Explanation: Fee simple provides the most complete ownership rights.
4. The right to use another person's land for a specific purpose is:
A. Lien
B. Encroachment
C. Easement
D. Fixture
Answer: C
Explanation: Easements grant limited use rights without ownership.
5. Government's right to take private property for public use with compensation is: