Scott McKenzie

Real Estate Exam

Study Night
 REAL ESTATE QUIZ
1.Real estate generally includes all of the following EXCEPT 3. The term nonhomogeneity refers to

a. Trees a. Scarcity
b. Air rights b. Immobility
c. Annual cops c. Uniqueness a.
d. Mineral rights d. Indestructibility

2. A woman rents space in a commercial building where she operates a bookstore. In 4. Another term for personal property is:
the bookstore, she has installed large reading tables
fastened to the walls and bookshelves that create aisles from the front of the store to a. Realty
the back. These shelves are bolted to both the ceiling and the floor. Which of the b. Fixtures
following BEST characterizes the contents of the bookstore? c. Chattels
d. Fructus naturales
a. The shelves and tables are trade fixtures and will transfer when the property owner
sells the building.
b. The shelves and tables are trade fixtures and may be properly removed by the
woman before her lease expires, and the tenant would be responsible to the landlord
for any damage that their removal caused to the premises.
c. Because the woman is a tenant, the shelves and tables are fixtures and may not be
removed except with the building owner’s permission.
d. Because the Shelves and tables are attached to building, they are treated the same
as other fixtures.
5. When an owner of real estate sells the property to someone else,
which of the “sticks” in the bundle of legal rights is the owner as seller
using?
a. Exclusion
b. Legal enjoyment
c. Control
d. Disposition
6. The buyer and the seller of a home are debating whether a certain
item is real or personal property. The buyer says it is real property and
should convey with the house; the seller says it is personal property and
would not convey without a separate bill of sale. In determining whether
an item is real or personal property, a court would NOT consider which
of the following?
a. The cost of the item when it was purchased
b. Whether its removal would cause severe
c. Whether the item is clearly adapted to the real estate
d. Any relevant agreement of the parties in their contract of sale
7. A man inherited a piece of vacant property from his uncle. First,
he removed all the topsoil which he sold to a landscaping
company. He then removed a thick layer of limestone and sold it to
a construction company. Finally he dug 40 feet into the bedrock
and sold it for gravel. When the man died, he left the property to his
daughter. Which of the following statements is TRUE?
a. The daughter inherits nothing because the property no longer
exists.
b. The daughter inherits a large hole in the ground because the
property goes down to the center of the earth.
c. The daughter owns the gravel, limestone, and topsoil, no matter
where it is.
d. The man’s estate must restore the property to the original
condition.
8. Which of the following is a physical characteristic of land?
a. Indestructibility b. Improvements c. Area preference d. Scarcity
damage to the real estate.
a. Indestructibility
b. Improvements
c. Area preference
d. Scarcity

9. Which of the following describes the act 11. A buyer purchased a parcel of land and immediately sold
by which real property can be converted into personal property? the mineral rights to an oil company. The buyer gave up
what?
a. Severance a. Air rights
b. Accession b. Surface rights
c. Conversion c. Subsurface rights
d. Attachment d. Occupancy rights

12. A homeowner is building a new enclosed front porch on

10. While moving into a newly purchased home, the buyer
discovered that the seller had taken the ceiling fan that hung over
the dining room table. The seller had not indicated that the ceiling
fan would be removed and the contract did not address this issue.
Which statement is TRUE?
a. Ceiling fans are normally considered to be real estate.
b. The ceiling fan belongs to the seller.
c. Ceiling fans are considered trade
fixtures.
d. Ceiling fans are considered personal
property.
his home. A truckload of lumber that the homeowner
purchased has been left in the driveway for use in building
the porch. At this point, the lumber is considered to be
a. Real property because it will be permanently affixed to the
existing structure.
b. Personal property
c. A chattel that is real property
d A trade or chattel fixture
13. Method of annexation, adaptation to real estate, and the agreement 15. A paint company purchases 100 acres of scenic forest land
between the parties are the legal tests for determining whether an item is: and builds several tin shacks there to store used turpentine,
varnish, and similar chemical waste. Based on these facts alone,
a. A trade fixture or personal property which statement is TRUE?
b. Real property or real estate
c. A fixture or personal property a. The company’s action constitutes improvement of the
d. An improvement property.
b. The chemicals are considered
14. Parking spaces in multi-unit buildings, water rights, and similar things appurtenances.
of value are classified as c. If the company is in the business of
storing toxic substances, the tin shacks
a. Covenants are considered trade fixtures.
b. Emblements d. Altering the property in order to store
c. Chattels waste is not included in the bundle of legal rights.
d. Appurtenances
16. The phrase bundle of legal rights is properly included in:

a. The definition of real property

b. A legal description
c. Real estate transactions
d. Leases for less than one year
 17. All of the following are included in the 19. A buyer is interested in a house that fits most of her needs, but is
right to control one’s property EXCEPT the located in a busy area where she is not sure she wants to live. Her
right to concern about the property’s location is called

a. Sell the property to a neighbor a. Physical deterioration

b. Exclude utility meter readers b. Area preference
c. Erect No Trespassing signs c. Permanence of investment
d. Enjoy profits from its ownership d. Immobility

18. According to law, a trade fixture is usually treated as

20. Which of the following is considered personal property?
a. A fixture
b. An easement a. Wood-burning fireplace
c. Personalty b. Awnings
d. A license c. bathtub
d. Patio furniture
 1. C

ANSWERS
2. B
3. C
4. C
5. D
6. B
7. A
8. A
9. A
10. A
11. C
12. B
13. C
14. D
15. A
16. A
17. B
18. C
19. B
20. D