Frage 1
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Which of the following best describes a parcel of land?
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The surface of the earth includes all things permanently attached
and the control of all minerals and substances beneath.
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The surface of the earth extending down to the center and upward to
infinity.
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The earth's surface clearly marked by certain boundaries.
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The surface of the earth extending down a reasonable distance and
up into the air a reasonable distance.
Frage 2
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In determining whether an item is a fixture, which of the following
would not be considered?
Frage 3
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The characteristic that distinguishes personal property from real
property is:
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mobility.
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scarcity.
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durability.
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flexibility.
Frage 4
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When used in a deed or other real estate document, a legal
description describes only the land because:
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a bill of sale is used to convey title to the buildings and other
improvements.
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artificial attachments, such as buildings, cannot be adequately
surveyed.
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buildings and other improvements are considered to be part of the
real estate.
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a street address is used to identify the buildings and improvements.
Frage 5
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An item that was personal property but has been attached to and
become part of the real property is known as:
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a trade fixture .
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an emblement.
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fructus industriales.
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a fixture.
Frage 6
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Crops planted and harvested each year are:
Frage 7
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The most distinctive physical characteristic of land is:
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homogeneity.
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immobility.
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situs.
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improvements.
Frage 8
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All of the following are real property EXCEPT:
Frage 9
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The law of capture refers to the:
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process of removing oil and gas from the land.
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government's right of eminent domain.
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landowner's right to keep trade fixtures if not removed.
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responsibility of lateral support while removing solid minerals.
Frage 10
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The sum of all factors that affect value is called:
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location.
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accession.
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situs.
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scarcity.
Frage 11
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Ownership of personal property is transferred by:
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deed.
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chattel deed.
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bill of sale.
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sales agreement.
Frage 12
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A landowners right to use water from a bordering stream or river is
called:
Frage 13
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If Smith builds a fence on Jones' land by mistake, in good faith, and
thinking the fence is on Smith's land, then:
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(A) - Jones automatically acquires ownership of the fence by accession.
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(B) - Jones may sell the fence and keep the proceeds.
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Jones may require Smith to remove the fence and/or pay damages.
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both (A) and (B) .
Frage 14
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The fact that an acre of land in a rural area cannot fulfill as
many needs as an acre of urban land describes the economic
characteristic of:
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scarcity.
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situs.
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improvements.
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location.
Frage 15
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All of the following are true about a trade fixture EXCEPT:
Frage 16
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Dawson sold his 500 acre farm to Harris, but reserved the right to
drill for oil. Later, when Dawson arrives with oil drilling equipment,
he is denied the right of access to the land. Which party has
correctly interpreted the agreement?
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Dawson, because he has an implied right of entry.
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Harris, because the agreement was silent as to t he right of entry.
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Dawson, but he must pay Harris a reasonable fee for the right of
access and reimburse him for any damages caused by the drilling
operation.
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Harris, but he may be liable if his denial was unreasonable.
Frage 17
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A township contains how many square miles?
Frage 18
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Which of the following statement about air rights is true?
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Air rights can be leased but not sold unless the entire parcel is being
sold.
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The owner can sell the air rights and still retain the surface and
subsurface rights .
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Government controls such as zoning have no effect on air rights.
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Structures are rarely erected on air lots.
Frage 19
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A custom-made storm window would most likely be considered a
fixture because of:
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its adaptation to the building to which it is attached.
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the method of attachment.
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the annexing party's intent to make it permanent.
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the annexing party's interest in the real property.
Frage 20
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The method of land description which identifies a parcel by
specifying its boundary lines along with the terminal points and the
bearing of each side is known as:
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lot, block, and tract.
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recorded plat.
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government survey.
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metes and bounds.
Frage 21
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Which of the following is NOT an acceptable method of legally
describing a parcel of real estate?
Frage 22
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A base point from which height or depth can be measured to
describe air rights or subsurface rights is a:
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topographic.
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bench mark.
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point of beginning.
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datum.
Frage 23
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Approximately how many acres are there in a farm that measures
470 feet along the road and 556 feet in depth?
Frage 24
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If Mr. Shern's lot has 65 front feet and contains 7,150 square feet,
how deep is it?
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110 ft.
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100 ft.
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65 ft
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464,750 ft
Frage 25
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Real estate investors are not generally interested in how long
buildings will last, but in how long they will be profitable. This
characteristic is called:
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life expectancy.
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profit margin.
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net return.
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economic life.