ASREB National Test A-1 exam 2023/2024 with 100% correct answers

The sale of personal property would include a: - correct answer Bill of Sale What governmental right requires compensation to private property owners? - correct answer Eminent Domain If property is obtained by the state after a person dies, this is called: - correct answer Escheat Transfer of real property requires a - correct answer Deed Which of the following would be an economic characteristic of real property? Non homogeneous Frozen Asset Alienation Governmental rights - correct answer Frozen Asset Which of the following listed below would be considered personal property? Easement appurtenant Fixtures Leasehold Improvements Promissory Note - correct answer Promissory Note Which of the following would not be included in the bundle of rights of ownership? Usage Possession Sell the prop