False - Answers Surface rights consist of only the right to control, occupy, and use the surface area of a
parcel of real estate. T/F?
D - Answers Mineral rights are:
A. Always considered to be personal property
B. Always pass with the land
C. Cannot be sold separately from the land
D. Pass with the land, unless otherwise specified in the deed
C - Answers Which of the following is NOT an improvement of land?
A. Building
B. Sidewalk
C. Corn crop
D. Flower bed
A - Answers Six months after Brady bought his home, he installed custom made storm windows and
doors throughout the house. Later, when he sells his property, will these storm windows and doors
automatically convey with the house?
A. Yes, unless in advance of the sale, Brady clearly specifies that they will be removed.
B. Yes, if he lived in the property at least a year before the sale.
C. No, because they were not part of the original structure
D. No, because they can be removed, if they are taken off carefully
A - Answers David owns property along the banks of the Little Big Horn River. Scott owns property
adjoining David's, and has access to the highway, but not to the river. Scott and David grant each other
appurtenant easements to cross each others property to get to the road and the river respectively. The
riparian rights associated with property ownership belong to:
A. David because his property borders the river
B. Scott, because he has an easement to cross David's land
C. Both David and Scott
D. Neither
,C - Answers Which of the following is NOT a test of a fixture?
A. Manner of attachment
B. An agreement between the parties
C. Time of attachment
D. Manner of adaptation
B - Answers Which of the following best describes a parcel of land?
A. The surface of the earth including control of all minerals and substances beneath
B. The surface of the earth extending down to the center and upward to the sky
C. The earth's surface closely marked by certain boundaries
D. The surface of the earth extending down a reasonable distance and up into the air a reasonable
distance
False - Answers Littoral rights is a term referring to all water rights T/F?
C - Answers Each of the following is a test of whether or not something is a fixture, EXCEPT:
A. Method of attachment
B. Adaptability
C. Cost
D. Relationship of the parties
Ownership - Answers The right of one party to possess and use real property exclusive of others is:
C - Answers A prospective buyer noticed an ornate flag pole attached to the front porch of the house she
wants to purchase. She wants to make certain that the flag pole is included in the sale. What should the
agent do?
A, Because the pole is attached and will automatically convey
B. call seller and advise them the buyer wants the pole
C. include the flag pole in the offer to purchase
D. photograph the flag pole as evidence of its attachment
B - Answers A couple is interested in buying a house that has an odd shaped living room. The current
owners had a custom-made, free-standing bookcase built to specifically fit into one part of the room.
,The buyer believes this is a fixture because it is uniquely adapted to this specific room. The seller
believes this is not a fixture because it is free-standing. To avoid any misunderstandings, what should
the listing licensee do?
A. Assure the seller there is nothing to worry about
B. Include a provision in the agreement of sale (and listing contract) that states whether the bookcase is
included with the sale or not.
C. Assure the buyer there is nothing to worry about
D. File an interpleader action in court
B - Answers Real property would include:
A. Fixtures
B. Each of these choices
C. Air space
D. Mineral rights
a fixture - Answers Personal property which is attached to a building and which will convey with the land
is known as?
B - Answers All of the following are personal property EXCEPT:
A. Trade fixtures
B. a privacy fence
C. patio furniture
D. portable dishwasher
assemblage; plottage - Answers Merging two or more properties into common ownership is known as
_____, while any increase in value that results is known as _____.
Situs - Answers Two real estate developers are working on similar but competing commercial
developments. Both projects are finished at approximately the same time and are of similar quality and
purpose. Which of the following would most likely characterize the reasons that one succeeds while the
other fails?
erosion - Answers When the action of water causes moves soil away from a property, that is referred to
as:
, C - Answers Zorba leases a restaurant. He installs ovens, booths and counters. Which of the following is
true?
A. The ovens, booths and counters are fixtures that belong to the owner of the property and cannot be
removed
B. The ovens, booths and counters are trade fixtures and can be removed by Zorba at any time prior to
or after the expiration of the lease.
C. The ovens, booths and counters are trade fixtures and can be removed only prior to the expiration of
Zorba's lease
D. Zorba is not responsible for any damage caused by the removal of the fixtures
True - Answers Stocks, bonds, notes and mortgages are personal property. T/F?
C; E - Answers Which of the following is NOT recognized as personal property? (2)
A. a lease
B. a mortgage that secures personal property
C. Replacement fixtures
D. Cattle and horses
E. an easement
trade - Answers a ______ fixture can be affixed to real property without becoming legal part of the
property
False - Answers Trade fixtures may not be removed from leased premises once they are affixed. T/F?
True - Answers Trade fixtures do not include replacement fixtures. T/F?
emblements - Answers Fructus industriales is another term for:
Chattel - Answers all property other than real property is known as _____
True - Answers A bill of sale is to personal property as a deed is to real property. T/F?
Price - Answers The actual amount of money paid for a particular parcel of real estate is said to be that
property's:
False - Answers In an ideal market, the forces of supply and demand are always chaotic. T/F?
his or her broker-employer - Answers A licensed real estate salesperson may legally accept an extra
commission for a difficult sale from: