NATIONAL REAL ESTATE EXAM PRACTICE TEST Answered 100% Correctly 2024

NATIONAL REAL ESTATE EXAM PRACTICE TEST Answered 100% Correctly 2024 In applying the test of a fixture, which of the following would not be considered: a. The manner of attachment b. The value of the article c. The intent of the parties d. The relationship of the parties - answerb. The value of the article Real property can become personal property by the process known as: a. Attachment b. Severance c. Hypothecation d. Accretion - answerb. Severance Real property includes: a. Land b. Things affixed to the land c. Things appurtenant to the land d. All of the above - answerd. All of the above Personal property is distinguished from real property by its: a. Permanence b. Mobility c. Scarcity d. Size - answerb. Mobility Evergreen trees and lilac bushes on a property that were planted by the current owner are examples of: a. Real Estate b. Personal property c. Chattel d. None of the above - answera. Real Estate Trade fixtures are considered: a. Real property b. Emblements c. Personal property d. Realty - answerc. Personal property Included in the tests to determine whether an article is a fixture (real property) or personal property are: a. Method of attachment, adaption, relationship, intention, and agreement b. Agreement, improvement, relationship, metes, and area c. Scarcity, situs, immobility, area, and method d. None of the above - answera. Method of attachment, adaption, relationship, intention, and agreement Which of the following would be considered to be real estate? a. A perennial shrub planted in a tub b. House plants c. Annual crops, such as corn or tomatoes d. A perennial shrub planted in the ground - answerd. A perennial shrub planted in the ground 9. Personal property would include all of the following except: a. Choses in possession b. Riparian rights c. Leasehold interests d. Emblements - answerb. Riparian rights The phrase "chattel real" specifically refers to: a. A leasehold interest b. Personal property c. The sovereign's personal property d. The mortgagor's interest in realty - answera. A leasehold interest An example of personal property is: a. Household furnishings b. Wall-to-wall carpeting c. Built in dishwasher d. Garbage disposal - answera. Household furnishings Which of the following does not apply to real property? a. Chattel mortgage b. Fee simple c. Fixture d. Appurtenances - answera. Chattel mortgage Which of the following is typically personal property? a. Gas and mineral rights b. Water rights c. A beneficiary's rights under a real property trust d. Trees on a farm - answerc. A beneficiary's rights under a real property trust Personal property is usually defined as "all property not classified as real property." Which of the following best defines real property? a. Land and the air above it b. Land and the area below and above the surface to infinity and all the improvements thereon c. The land, buildings thereon, and anything permanently affixed to the land and/or buildings d. Land and the mineral rights in the land - answerb. Land and the area below and above the surface to infinity and all the improvements thereon Generally, things or objects of a temporary or easily moveable nature are: a. Realty b. Devises c. Personalty d. Appurtenances - answerc. Personalty Assume the contract for sale of real property included the sale of certain removable items, such as refrigerators and furniture. Upon delivery of the deed, the seller should also deliver a(n): a. Bill of sale b. Estoppel certificate c. Chattel mortgage d. Satisfaction piece - answera. Bill of sale 17. Which of the following is not an appurtenance? a. A barn b. An orchard c. A fence d. A trade fixture - answerd. A trade fix