PAPER 2026 EXAM FULL QUESTIONS AND
CORRECT ANSWERS ALREADY PASSED.
◍ exclusion. Ans: a right included in the bundle of legal rights to
real property which empowers the owner to allow or deny others' use
of the property
◍ improvement. Ans: any non-natural structure built on or affixed to
land
◍ land. Ans: the surface of the earth, including all permanently
attached natural features, extending downwards to the center of the
earth and upwards to infinity
◍ property. Ans: any item which may be owned, including the rights
associated with ownership
◍ quiet enjoyment. Ans: a lessee's right to possess a property
without interference from lessor, previous owner, or anyone else
about the claim to the title
◍ real estate. Ans: land plus improvements
, ◍ real property. Ans: land from the surface to the center of the earth
and upward into space, all attachments, and the bundle of legal rights
of ownership
◍ title. Ans: the actual ownership of a real property that includes the
bundle of rights in which a party may own a legal or equitable
interest; not an actual document
◍ chattel. Ans: a commonly used term for personal property in the
world of real estate
◍ fixture. Ans: an object that was once personal property but is now
firmly attached to the land in such a way that it is considered to be
real property
◍ fructus industriales. Ans: plants or crops intended for harvest and
treated as personal property, a.k.a. emblements
◍ fructus naturales. Ans: trees, perennial plants, and uncultivated
plants usually treated as real property because of their permanence
◍ personal property. Ans: any unattached, movable asset on the
property not considered real estate (land plus improvements); also
known as chattel or personalty
◍ severance. Ans: the act of converting real property into personal
property