Kansas Real Estate License exam 2023 with 100% correct answers
Chattel (personal property) - correct answerIf the item is not permanently attached, then it is personal property Real Property - correct answerThings that would be difficult to remove from the house/property Trade Fixture - correct answer"A piece of equipment or other item that is on or attached to the real estate which is used in a trade or business. The term "trade fixture" is actually a misnomer, because the item, while attached, may be removed by the business owner as a personal item. Ex. When she moved her business location, Candy took the neon business sign flashing "Candy's Chocolates." Even though it was permanently attached to the building, it was a personal item (as a trade fixture) and could be removed legally. Fixture - correct answerAn item that is permanently attached to real property MARIA - correct answer- Method of annexation - Adaptability of item to lands use - Relationship of the parties - Intention in placing item in land - Agreement of the parties What are the 2 characteristics categories of real estate? - correct answerEconomic and physical Emblements - correct answerCultivated crops - considered personal property even though they are attached to the soil What 2 things does obtaining a survey do? - correct answerClearly defined the property and reveal's potential concerns about property boundaries
Información del documento
- Subido en
- 17 de agosto de 2023
- Número de páginas
- 41
- Escrito en
- 2023/2024
- Tipo
- Examen
- Contiene
- Preguntas y respuestas