Mississippi Real Estate Exam 2024 with verified correct answers

Real versus personal property - correct answer real property: Real estate and the bundle of rights Personal property: all property that is not land or permanently attached to land, excepting trade fixtures and emblements. Physical characteristics of land - correct answer immobility, indestructibility, and heterogeneity. Metes and Bounds - correct answer describes property by landmarks, monuments, distances and angles. From point of beginning (POB) and returns to POB Rectangular Survey System - correct answer uses longitude and latitude lines to identify ranges, tiers, and townships. Also called government survey system. Meridian - correct answer North-south lines 6miles apart Parallels - correct answer East-west lines 6 miles apart Ranges - correct answer North-south strips between meridians Tiers -