ASREB Real Estate Exam Questions
and Answers 100% Pass
When does encroachment exists - ✔✔Any time there is a physical intrusion of a
structure or improvement on the land of another
What determines encroachment - ✔✔A property line
How is encroachment viewed? - ✔✔It can be applied as a form of trespassing; you may
be able to sue your neighbor for trespassing.
Name and explain the bundle of rights - ✔✔Disposition - The title holder can sell, rent,
or transfer ownership or use the property at will.
Exclusion - When others can be excluded from using or entering the property
Enjoyment - Legal use for enjoyment
Possession - When property is owned byway of title
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 1
,Control - When the owner controls the use of property
What do the bundle of rights do? - ✔✔They explain the rights that go with the deed that
transfers title to real property
When can bundle of rights be separated? - ✔✔A right or interest of others can be
separated from the bundle of rights until it is satisfied. Once it is satisfied, that right or
interest is returned to the bundle.
What is a license? - ✔✔Personal privilege is given to use land of another.
Why is a licensed applied? - ✔✔To grant permission to occupy
How is a licensed applied? - ✔✔It is temporary and it's not considered true interest in
the land because it's revocable at any time and would not transfer with title
What is Real Property? - ✔✔When things are immovable
Why does real property exists? - ✔✔To separate what is attached to the land and all
rights inherent with that land vs. what is not
How is real property identified? - ✔✔If it is immovable, then it is permanent
Describe Personal Property - ✔✔When things are generally movable
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 2
, Why is personal property important? - ✔✔It differentiates fixture vs. personal items
when a house is sold.
What's unique about personal property? - ✔✔Personal property can go with the seller
How do you define severance - ✔✔Severance exists only when real property changes to
personal property
How is severance identified? - ✔✔Real property has to be detached from the land and
must become personal property
Why is severance applied - ✔✔To differentiate real property from personal property.
When is Annexation applied? - ✔✔When there is a physical joining of a smaller item to
a larger item.
How is annexation applied? - ✔✔It is applied once personal property is attached to real
property
Why is annexation applied? - ✔✔It signifies the connection of personal property
("chattel") joined to real property
When is freehold estate applied? - ✔✔When you have exclusive rights to enjoy
possession of a property for an undefined length of time
What are the 3 types of freehold estates? - ✔✔Fee Simple Absolute
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 3
and Answers 100% Pass
When does encroachment exists - ✔✔Any time there is a physical intrusion of a
structure or improvement on the land of another
What determines encroachment - ✔✔A property line
How is encroachment viewed? - ✔✔It can be applied as a form of trespassing; you may
be able to sue your neighbor for trespassing.
Name and explain the bundle of rights - ✔✔Disposition - The title holder can sell, rent,
or transfer ownership or use the property at will.
Exclusion - When others can be excluded from using or entering the property
Enjoyment - Legal use for enjoyment
Possession - When property is owned byway of title
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 1
,Control - When the owner controls the use of property
What do the bundle of rights do? - ✔✔They explain the rights that go with the deed that
transfers title to real property
When can bundle of rights be separated? - ✔✔A right or interest of others can be
separated from the bundle of rights until it is satisfied. Once it is satisfied, that right or
interest is returned to the bundle.
What is a license? - ✔✔Personal privilege is given to use land of another.
Why is a licensed applied? - ✔✔To grant permission to occupy
How is a licensed applied? - ✔✔It is temporary and it's not considered true interest in
the land because it's revocable at any time and would not transfer with title
What is Real Property? - ✔✔When things are immovable
Why does real property exists? - ✔✔To separate what is attached to the land and all
rights inherent with that land vs. what is not
How is real property identified? - ✔✔If it is immovable, then it is permanent
Describe Personal Property - ✔✔When things are generally movable
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 2
, Why is personal property important? - ✔✔It differentiates fixture vs. personal items
when a house is sold.
What's unique about personal property? - ✔✔Personal property can go with the seller
How do you define severance - ✔✔Severance exists only when real property changes to
personal property
How is severance identified? - ✔✔Real property has to be detached from the land and
must become personal property
Why is severance applied - ✔✔To differentiate real property from personal property.
When is Annexation applied? - ✔✔When there is a physical joining of a smaller item to
a larger item.
How is annexation applied? - ✔✔It is applied once personal property is attached to real
property
Why is annexation applied? - ✔✔It signifies the connection of personal property
("chattel") joined to real property
When is freehold estate applied? - ✔✔When you have exclusive rights to enjoy
possession of a property for an undefined length of time
What are the 3 types of freehold estates? - ✔✔Fee Simple Absolute
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 3
