texas real estate practice exam Questions With Complete Solutions
A farmer temporarily installs produce coolers in a leased farm stand in order to prevent spoilage. The coolers would be considered which of the following? a) Trade fixtures that are real property. b) Trade fixtures that are personal property. c) Temporary real property. d) Emblements. correct answer: b) Trade fixtures that are personal property. Property can be converted from real to personal property and from personal property to real property by means of which processes respectively? a) Assemblage and plottage. b) Application and dissolution. c) Severance and affixing. d) Planting and harvesting. correct answer: c) Severance and affixing. The highest form of ownership interest one can acquire in real estate is the: a) legal life estate. b) Conventional life estate.
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