Colibri Real Estate: Ch.2-7 Exam Questions and Answers 100% Pass

Colibri Real Estate: Ch.2-7 Exam Questions and Answers 100% Pass *Ch. 2: Real Property Fundamentals (p. 17)* - Answer- what is land legally considered to include? what does an owner have rights to? - Answer- - *surface* of the earth, *subsurface* of the center of the earth, & *air* above the land (e.g. mineral rights, water, etc.) ^ owner has rights to all of that within property's boundaries real estate - Answer- actual *physical land* (aka unimproved land or raw land) and its *permanent attachments*, both natural & man-made fixture - Answer- An item of personal property that has been converted to real property by being permanently affixed to the realty. (e.g. a house, shed, fence, patio) a major fixture that significantly increases value of the property - Answer- an *improvement* (e.g. a building) how do fixtures become real property? - Answer- - *physically attached* to real property - attached *conceptually* bc of a *close association* w/ real property (ex: keys) - through process of *adoption* (ex: custom-made curtains for unusual window size or wall-to-wall carpeting) - *agreement* between parties involved (ex: landlord & tenant) - its removal would *damage* the property - *intention* of person affixing personalty to real estate Fixtures can be _____________ from the land and so revert back to personal property through the process of ______________. (e.g. a chandelier is removed from the ceiling) - Answer- detached, severance Real property is __________ (e.g. your sofa, microwave, etc.), while real estate is not. - Answer- moveable natural attachments - Answer- plants growing on the land called *fructus industrials* (planted) & *fructus naturals* (naturally grows) Emblements are considered _____ property. - Answer- personal A rose bush growing on the land is part of ________ property, but once the flowers are picked, they become ________ property. - Answer- real, personal doctrine of emblements - Answer- A rule that allows a tenant farmer to *re-enter* the land to harvest crops that were planted by the tenant farmer even *after the land has been sold* to a new owner. Real vs. Personal Property 1.) Keys 2.) A tree, Cutting a tree down for firewood, Using wood from one of your trees to build a deck 3.) Bathtub 4.) Built-in Dishwasher 5.) Stove 6.) Custom curtain or drapes 7.) Chandelier homeowner bought & attached to dining room ceiling 8.) Bookshelves attached to wall