Questions and Answers
1. What is considered real property?
A) Land, Improvements attached to the land, and the rights to use
them.
B) Personal belongings like furniture and clothing.
C) Rights to water rights only.
D) Chattel personality.
Correct Answer A
Explanation: Real property includes land, any improvements attached to
it, and the rights associated with them.
2. Personal Property is best described as:
A) Land and buildings.
B) Rights or interests in movable or temporary things, transferred by a
bill of sale.
C) Fixtures attached to real estate.
D) Improvements made to land.
Correct Answer B
Explanation: Personal property refers to movable items or rights related
to them, transferred via a bill of sale.
,3. A fixture is:
A) Personal property that is attached to real property in such a way that
it becomes part of the real property.
B) Movable personal property.
C) Land used for farming.
D) A temporary structure.
Correct Answer A
Explanation: Fixtures are personal property that has been attached
sufficiently to be considered part of the real estate.
4. The process of attaching personal property to real property, making
it a fixture, is called:
A) Severance.
B) Annexation.
C) Accession.
D) Encroachment.
Correct Answer B
Explanation: Annexation is the process of attaching personal property to
real property.
5. When real property is removed and becomes personal property, it is
called:
A) Fixture.
B) Severance.
C) Accession.
D) Encroachment.
,Correct Answer B
Explanation: Severance is the term for removing a fixture from real
property, turning it into personal property.
6. Trade fixtures are:
A) Items that cannot be removed from leased property.
B) Personal property required for conducting a business, like restaurant
equipment.
C) Fixtures permanently attached to real estate.
D) Items like trees and shrubs.
Correct Answer B
Explanation: Trade fixtures are items owned by a tenant for business
purposes and can typically be removed before lease termination.
7. Accession refers to:
A) The process of removing fixtures.
B) Acquiring trade fixtures by non-removal prior to lease end.
C) The process of transferring property ownership.
D) A type of encroachment.
Correct Answer B
Explanation: Accession is acquiring ownership of trade fixtures when
they are not removed before the lease ends.
, 8. Land has which three physical characteristics?
A) Scarcity, fixity, situs.
B) Homogeneity, mobility, destructibility.
C) Nonhomogeneity, immobility, indestructibility.
D) Scarcity, modification, situs.
Correct Answer C
Explanation: Land is characterized physically by nonhomogeneity,
immobility, and indestructibility.
9. Nonhomogeneity means:
A) No two pieces of land are exactly alike.
B) Land can be moved.
C) Land is always the same.
D) Land is destructible.
Correct Answer A
Explanation: Nonhomogeneity indicates that each parcel of land is
unique.
10. The immobility characteristic of land means:
A) Land can be moved to different locations.
B) Land cannot be moved; you must go to it.
C) Land is always changing location.
D) Land is easily transportable.
Correct Answer B