Barney Fletcher Section 1 Exam Questions
And Answers
What is Real Property? Real property is real estate that includes your bundle of rights.
Surface Rights Legal right to control, occupy, and use the surface area of a parcel of real
estate (the land), including building of improvements (real property), and the growing of crops.
Air Rights Legal right to control, occupy, and use airspace above a parcel of real estate.
Air rights may be sold or leased. Air rights expand indefinitely.
Subsurface Rights The right to explore, drill, or dig below the surface for minerals and
water. Mineral rights and certain water rights may be sold or leased.
Improvements Additions made to property that are intended to enhance its value.
Fixtures Articles that were once personal property but have been affixed to real estate so
as to become real property.
And Answers
What is Real Property? Real property is real estate that includes your bundle of rights.
Surface Rights Legal right to control, occupy, and use the surface area of a parcel of real
estate (the land), including building of improvements (real property), and the growing of crops.
Air Rights Legal right to control, occupy, and use airspace above a parcel of real estate.
Air rights may be sold or leased. Air rights expand indefinitely.
Subsurface Rights The right to explore, drill, or dig below the surface for minerals and
water. Mineral rights and certain water rights may be sold or leased.
Improvements Additions made to property that are intended to enhance its value.
Fixtures Articles that were once personal property but have been affixed to real estate so
as to become real property.
