ASREB National Test A-1 Questions and Answers Already Passed

ASREB National Test A-1 Questions and Answers Already Passed A lessee puts in a bookcase for commercial use; at the end of the lease the bookcase is removed. The bookcase would be considered: Real Property Trade Fixture Appurtenant Chattel Real Trade Fixture A party owns a parcel of real estate with mineral rights, who owns the mineral rights? The state Federal government Original property owner The property owner The property owner A person dies with no will and no heirs. Which of the following is true? Property will pass testate Property will pass intestate though descent Property will escheat to the state Property will be distributed by an executor Property will escheat to the state A property owner erected a block wall on the property. The block wall became real property by which of the following: Verbal declaration Easement appurtenant Annexation Deed Restriction Annexation Ad Valorem property taxes are based on which of the following listed below? Pro Rata share Assessed Value Market Value Benefit Assessed Value All of the following relate to the legal test of a fixture EXCEPT: Attachment