Real Estate U Final Exam 1 Questions
And Answers 2024
Which of these is NOT part of the bundle of rights for a real property owner?
-The right to lease land
-The right to sell off part of your land
-The right to unilaterally annex neighboring property
-The right to quietly enjoy your land - answers:The right to unilaterally annex neighboring
property
When a person owns land, what does that include?
-Everything from the surface to "heaven" and down to the center of -the earth.
-Only what's on the surface.
-Only the buildings on the land.
-Only what is underground. - answers:Everything from the surface to "heaven" and down to the
center of the earth.
Which of these is an emblement?
-horses
-A barn
-Strawberries
-Coal - answers:Strawberries
Land is considered...?
-All of the answer choices provided are correct.
-Indestructible
-Liquid
-A bad investment - answers:Indestructible
,Bill, a real estate investor, is considering buying land in two places, the middle of the New York
City business district and rural Oklahoma. Which is likely to be more expensive?
-The same.
-Oklahoma, as people don't like to be near work.
-NYC, as it is highly sought after by buyers.
-There is no market data to answer this. - answers:NYC, as it is highly sought after by buyers.
Bret buys a house next to a pig farm. The smell is terrible. Bret sues the pig farm for damages
and for the court to order them to leave. Who will win?
-The pig farm. It was there first.
-Bret. The pig farm cannot interfere with Bret's right of quiet enjoyment no matter what.
-Neither. They both have to leave.
-Bret. Pig farms are illegal near houses. - answers:The pig farm. It was there first.
What is a trade fixture?
-When the buyer and seller exchange lamps.
-Coal underneath the ground.
-An apple tree planted by the previous owner.
-A fixture used in commercial property for business or industry. - answers:A fixture used in
commercial property for business or industry.
What acronym can be used to determine if something is a fixture of moveable property?
-R.O.Y.G.B.I.V.
-M.A.R.I.A.
-S.C.U.B.A.
-U.S.A. - answers:M.A.R.I.A.
What happens if there are two deeds for the same parcel of land?
,-The one who paid the most gets the land.
-Both have to share the land.
-A court decides ownership.
-The State decides ownership. - answers:A court decides ownership.
Copper wiring in a house is generally considered what?
-Fixture
-Emblement
-Movable property
-Personal Property - answers:Movable property
Wheat growing on land is considered?
-Fixture
-Ownerless
-Movable property
-Emblement - answers:Emblement
When land only is listed for sale, what is included?
-Only buildings on the land
-Land and mobile homes on the land
-Land and everything underneath the land
-Only the animals on the land - answers:Land and everything underneath the land
Only the animals on the land
The county wants to seize (take) the first four feet of Orion's front yard to build a sidewalk.
They're offering several thousand dollars to Orion as compensation, based on an appraisal from a
certified appraiser. Orion is against it and takes the county to court. Who wins?
-The county. A county has the power of eminent domain to take private property for a
government purpose with due compensation.
, -Orion. The government can't take his property because he didn't commit a crime.
-Orion. The government can never take a person's property.
-Neither. It's all or nothing. The county cannot buy a fraction of land. It must buy the entire
parcel. - answers:The county. A county has the power of eminent domain to take private property
for a government purpose with due compensation.
To increase housing values, a town might try what?
-Remove job-producing companies.
-Raise taxes.
-Improve highways to local commercial centers to make it easier to get to work.
-Build wild architectural buildings. - answers:Improve highways to local commercial centers to
make it easier to get to work.
Lenny leased a house from Owen. Lenny is trying to sell the house. What will happen?
-Lenny will sell the house and give half the money to Owen.
-Lenny will sell the house and keep the money.
-Lenny must first sue Owen to be able to sell.
-Lenny cannot sell the house. He does not have that right. - answers:Lenny cannot sell the house.
He does not have that right.
Generally, can a building be built to block the ocean view of an existing home?
-No. The first building has the right to the view.
-Yes, there is no right to a view.
-No. Not without paying the first building for the blocked view.
-No, not without the first house owner's permission. - answers:Yes, there is no right to a view.
Of the choices, which is the best land to build on?
-Mountain side.
-Swampy land.
-Desert in a remote area.
And Answers 2024
Which of these is NOT part of the bundle of rights for a real property owner?
-The right to lease land
-The right to sell off part of your land
-The right to unilaterally annex neighboring property
-The right to quietly enjoy your land - answers:The right to unilaterally annex neighboring
property
When a person owns land, what does that include?
-Everything from the surface to "heaven" and down to the center of -the earth.
-Only what's on the surface.
-Only the buildings on the land.
-Only what is underground. - answers:Everything from the surface to "heaven" and down to the
center of the earth.
Which of these is an emblement?
-horses
-A barn
-Strawberries
-Coal - answers:Strawberries
Land is considered...?
-All of the answer choices provided are correct.
-Indestructible
-Liquid
-A bad investment - answers:Indestructible
,Bill, a real estate investor, is considering buying land in two places, the middle of the New York
City business district and rural Oklahoma. Which is likely to be more expensive?
-The same.
-Oklahoma, as people don't like to be near work.
-NYC, as it is highly sought after by buyers.
-There is no market data to answer this. - answers:NYC, as it is highly sought after by buyers.
Bret buys a house next to a pig farm. The smell is terrible. Bret sues the pig farm for damages
and for the court to order them to leave. Who will win?
-The pig farm. It was there first.
-Bret. The pig farm cannot interfere with Bret's right of quiet enjoyment no matter what.
-Neither. They both have to leave.
-Bret. Pig farms are illegal near houses. - answers:The pig farm. It was there first.
What is a trade fixture?
-When the buyer and seller exchange lamps.
-Coal underneath the ground.
-An apple tree planted by the previous owner.
-A fixture used in commercial property for business or industry. - answers:A fixture used in
commercial property for business or industry.
What acronym can be used to determine if something is a fixture of moveable property?
-R.O.Y.G.B.I.V.
-M.A.R.I.A.
-S.C.U.B.A.
-U.S.A. - answers:M.A.R.I.A.
What happens if there are two deeds for the same parcel of land?
,-The one who paid the most gets the land.
-Both have to share the land.
-A court decides ownership.
-The State decides ownership. - answers:A court decides ownership.
Copper wiring in a house is generally considered what?
-Fixture
-Emblement
-Movable property
-Personal Property - answers:Movable property
Wheat growing on land is considered?
-Fixture
-Ownerless
-Movable property
-Emblement - answers:Emblement
When land only is listed for sale, what is included?
-Only buildings on the land
-Land and mobile homes on the land
-Land and everything underneath the land
-Only the animals on the land - answers:Land and everything underneath the land
Only the animals on the land
The county wants to seize (take) the first four feet of Orion's front yard to build a sidewalk.
They're offering several thousand dollars to Orion as compensation, based on an appraisal from a
certified appraiser. Orion is against it and takes the county to court. Who wins?
-The county. A county has the power of eminent domain to take private property for a
government purpose with due compensation.
, -Orion. The government can't take his property because he didn't commit a crime.
-Orion. The government can never take a person's property.
-Neither. It's all or nothing. The county cannot buy a fraction of land. It must buy the entire
parcel. - answers:The county. A county has the power of eminent domain to take private property
for a government purpose with due compensation.
To increase housing values, a town might try what?
-Remove job-producing companies.
-Raise taxes.
-Improve highways to local commercial centers to make it easier to get to work.
-Build wild architectural buildings. - answers:Improve highways to local commercial centers to
make it easier to get to work.
Lenny leased a house from Owen. Lenny is trying to sell the house. What will happen?
-Lenny will sell the house and give half the money to Owen.
-Lenny will sell the house and keep the money.
-Lenny must first sue Owen to be able to sell.
-Lenny cannot sell the house. He does not have that right. - answers:Lenny cannot sell the house.
He does not have that right.
Generally, can a building be built to block the ocean view of an existing home?
-No. The first building has the right to the view.
-Yes, there is no right to a view.
-No. Not without paying the first building for the blocked view.
-No, not without the first house owner's permission. - answers:Yes, there is no right to a view.
Of the choices, which is the best land to build on?
-Mountain side.
-Swampy land.
-Desert in a remote area.
