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VA Real Estate Exam 2023 Rated 100% Correct

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VA Real Estate Exam 2023 Rated 100% Correct Personal Property - ANSWER -generally movable and unattached to land -may be tangible (cars, boats, jewelry) -may be intangible (stocks, bonds, mortgages) -includes: trade fixtures & fructus industriales (emblements) Trade Fixtures - ANSWER -items of personal property brought to the premises by the tenant that are necessary to carry on the trade or business Fixtures - ANSWER -items that were once movable that are now affixed to real estate and becomes real property (fences, trees, bricks in a wall) Real Property - ANSWER -the land (surface of earth, space above it, below it) and the improvements and fixtures -synonymous with word "real estate" -includes a bundle of rights (possess, control, enjoy, exclude, encumber, dispose) 3 Physical Characteristics of Land - ANSWER -immobility (can't move) -indestructibility (cant' destroy) -uniqueness (heterogeneity

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