Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions.

Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions. Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? - False 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 - D Which of the following is NOT an improvement of land? A. Building B. Sidewalk C. Corn crop D. Flower bed - C 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 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 - A 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 - C 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 Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions. 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 - B Littoral rights is a term referring to all water rights T/F? - False 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 - C The right of one party to possess and use real property exclusive of others is: - Ownership 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 - C 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 Real property would include: A. Fixtures B. Each of these choices C. Air space D. Mineral rights - B Personal property which is attached to a building and which will convey with the land is known as? - a fixture All of the following are personal property EXCEPT: A. Trade fixtures B. a privacy fence C. patio furniture D. portable dishwasher - B Merging two or more properties into common ownership is known as _____, while any increase in value that results is known as _____. - assemblage; plottage 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? - Situs When the action of water causes moves soil away from a property, that is referred to as: - erosion 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 - C Stocks, bonds, notes and mortgages are personal property. T/F? - True 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 - C; E .