Indiana Real Estate Exam Prep Review Questions & Answers Correctly Answered.

Land - Answer-Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration - Answer-Zoning Board of Adjustment oversees rule administration and appeals Real estate - Answer-land plus manmade permanent attachments Real property - Answer-real estate plus bundle of rights Bundle of Rights - Answer-Possess Use Transfer Exclude Encumber Physical Characteristics - Answer-Immobility; indestructibilit; hetoerogeneity Immobility - Answer-Land cannot move; forever fixed Indestructibility - Answer-Land is permanen; No depreciation Non-Homogeneity - Answer-no piece of land is the same Legal Title - Answer-full ownership and all the bundle of rights that apply Equitable title - Answer-an interest that gives a lienholder the right to acquire legal title Riparian Rights - Answer-navigable is owned to waters edge non-navigable is ownership of the underlying land to midpoint of stream Littoral Rights - Answer-own to high water mark Real Property - Answer-Land Fixtures and attachmentsPersonal Property - Answer-chattels trade fixtures and emblements Differentiation criteria - Answer-intention adaptation fuctionality Conversion (Land) - Answer-real to person Property ( affixing ) Emblemnts - Answer-plants or cros considered personal property Trade fixtures - Answer-personal property items temporarily attached to real estate in order to conduct business Interests ( possession ) - Answer-estates