LATEST EXAM 2025 WITH MULTIPLE
CHOICE QUESTIONS AND DETAILED
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A - THE CORRECT ANSWER-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
C - THE CORRECT ANSWER-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
,B - THE CORRECT ANSWER-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
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
False - THE CORRECT ANSWER-Littoral rights is a term referring to all
water rights T/F?
C - THE CORRECT ANSWER-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
Ownership - THE CORRECT ANSWER-The right of one party to possess
and use real property exclusive of others is:
C - THE CORRECT ANSWER-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
B - THE CORRECT ANSWER-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 - THE CORRECT ANSWER-Real property would include:
A. Fixtures
B. Each of these choices
C. Air space
D. Mineral rights
a fixture - THE CORRECT ANSWER-Personal property which is
attached to a building and which will convey with the land is
known as?
, B - THE CORRECT ANSWER-All of the following are personal property
EXCEPT:
A. Trade fixtures
B. a privacy fence
C. patio furniture
D. portable dishwasher
assemblage; plottage - THE CORRECT ANSWER-Merging two or more
properties into common ownership is known as _____, while
any increase in value that results is known as _____.
Situs - THE CORRECT ANSWER-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?
erosion - THE CORRECT ANSWER-When the action of water causes
moves soil away from a property, that is referred to as:
C - THE CORRECT ANSWER-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.