Georgia Real Estate Exam Study Set with Complete Solutions.(SCORED A+)

Best describes parcel of land - ANSWER-the surface of the earth extending down to the center and upward to infinity Determining if Fixture, NOT considered - ANSWER-Value of item Characteristic in difference btwn personal prop. from real property. - ANSWER-mobility When used in deed or other RE doc., legal description describes only land bc - ANSWER-buildings/other improvements considered part of the real estate Item was personal property attached to and become part of the real property is known as - ANSWER-Fixture Crops planted/harvested ea year are - ANSWER-personal property emblements fructus insustriales Most Distinctive physical characteristics of land is - ANSWER-immobility Law of Capture refers to - ANSWER-process of removing oil and gas from the land All of the following are true about a trade fixture except - ANSWER-it may be removed only after the lease expires Dawson sold 500 acre farm to Harris, reserved the right to drill for oil. Dawson arrives with drillling equip., denied access to land. Who correctly interpreted agreement? - ANSWER-Dawson, has implied right of entry Township contains how many sq miles - ANSWER-36