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CE Shop Section 8: Real Property Ownership Exam Questions And Correct Answers $12.49
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CE Shop Section 8: Real Property Ownership Exam Questions And Correct Answers
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CE Shop Section 8: Real Property Ownership Exam Questions And Correct Answers The north-south line that runs through the initial point of RGSS - answerTrue meridian, or principal meridian The east-west line that runs through the initial point of RGSS - answerBase line. This is where all initia...

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  • August 28, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ce shop section 8 real property ownership exam qu

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©THEBRIGHT EXAM STUDY SOLUTIONS 8/26/2024 11:32 AM



CE Shop Section 8: Real Property Ownership
Exam Questions And Correct Answers

The north-south line that runs through the initial point of RGSS - answer✔✔True meridian, or
principal meridian

The east-west line that runs through the initial point of RGSS - answer✔✔Base line. This is
where all initial measurements originate

Range Lines - answer✔✔North south line that don't run through the initial point

Township lines - answer✔✔East-west lines that don't run through initial point

Land - answer✔✔The earth's surface, extending downward to the center of the earth and upward
infinitely into space.


Includes permanently attached natural objects, such as water & trees.


Physical & Economic characteristics

Real Estate - answer✔✔Everything in the definition of land, plus all things permanently attached
to it- naturally or artificially.


Housings, fences, bridges, etc.

Artificial Attachments - answer✔✔"Improvements".
Fencing, buildings, walkways, etc.

Real Property - answer✔✔Real estate, plus the interests, benefits, & rights automatically
included with real estate ownership.


Permanently attached

, ©THEBRIGHT EXAM STUDY SOLUTIONS 8/26/2024 11:32 AM


"Land tenements", "Hereditaments"

Personal Property - answer✔✔"Chattel"


Everything that is not real property.


Things that are not attached to property & can be removed. Furniture, tools, machinery, etc.

What are the interests, benefits, & rights of real property - answer✔✔Possession
Enjoyment
Exclusion
Control
Disposition

Possession - answer✔✔The right to occupy the property in privacy

Enjoyment - answer✔✔The right to use the property in any legal way the owner desires

Exclusion - answer✔✔The right to refuse others entry to, or use of, the property

Control - answer✔✔The right to determine how the property will be used by the owner, or by
others.


Similar to enjoyment, but extends to other parties

Disposition - answer✔✔The right to dispose of any interest in the property- by sale, lien,
easement, lease, etc.

Chattel - answer✔✔Personal property

Fixture - answer✔✔A piece of equipment or furniture which is fixed in position


Light fixture, door, etc.

Trade Fixtures - answer✔✔In commercial properties, these are items affixed to the property, but
for business use.

, ©THEBRIGHT EXAM STUDY SOLUTIONS 8/26/2024 11:32 AM


Display shelves, dentist chair, etc.

Annex - answer✔✔To add to, attach: to incorporate as an extra part
What are the 5 tests to determine whether an item is a fixture or personal property -
answer✔✔"MARIA"


Method of annexation
Adaptability of item to land's use
Relationship of the parties
Intention in placing item on land
Agreement of the parties

Method of Annexation - answer✔✔How permanent is the method of attachment? Can it be
removed without causing damage to the property? If not, it is real property

Adaptability of Item to Land's Use - answer✔✔How the item is situated or adapted to real
property.


If a fireplace is part of an outdoor entertainment center, it can be considered real property,
because of how it has adapted to the environment.
Garage door openers, etc.

Economic Characteristics of Land - answer✔✔Scarcity, improvements, permanence of
investment, & location/area preference

Scarcity - answer✔✔Limited quantities of resources to meet unlimited wants

Improvements - answer✔✔Structures, such as buildings, sheds, barns, fences, roadways, etc.
placed on land.


Condition & types can affect property value, as well as surrounding property value

Permanence of Investment - answer✔✔Things that can't be easily reversed


Roads, sewer systems, electric installations, etc.

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