ASREB ch 1; Questions and Answers 100% Verified
Property rights that go with ownership of real property are referred to as the... Answerbundle of rights
Surface of the earth, below to the center, with all natural things is... Answer-land
Personal property is conveyed with a document called a......
ASREB ch 1; Questions and Answers 100% Verified
Property rights that go with ownership of real property are referred to as the... Answer-
bundle of rights
Surface of the earth, below to the center, with all natural things is... Answer-land
Personal property is conveyed with a document called a... Answer-bill of sale
Naturally growing plants are considered............. property Answer-real property
Emblements are considered................property. Answer-personal property
An item which was once personal property but is now real property is a........ Answer-
fixtures
Ownership of trade fixtures depend on.............. Answer-when it is removed/expiration of
lease
-used in commercial
.......... is not a factor in determining if an item is a fixture. Answer-cost
People's preference for a certain area is called........... Answer-situs
, ASREB ch 1; Questions and Answers 100% Verified
The document used to transfer real property is a............ Answer-deed
What are the five tests of a fixture?
M......
A.....
R......
I.......
A....... Answer-method of attachment, agreement, relationship, intent, adaptability
Appurtenances Answer-runs with the land
The due date for property taxes for the first half of the year is... Answer-October 1st
The delinquent date for property taxes for the first half of the year is.... Answer-
November 1st
The due date for the property taxes for the second half of the year is.... Answer-March
1st
The delinquent date for property taxes for the second half of the year is.... Answer-May
1st
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