PROPERTY - Chapter 1

Which of the following best describes a parcel of land?

In determining whether an item is a fixture, which of the following would not be considered?

The characteristic that distinguishes personal property from real property is:

When used in a deed or other real estate document, a legal description describes only the land because:

An item that was personal property but has been attached to and become part of the real property is known as:

Crops planted and harvested each year are:

The most distinctive physical characteristic of land is:

All of the following are real property EXCEPT:

The law of capture refers to the:

The sum of all factors that affect value is called:

Ownership of personal property is transferred by:

A landowner's right to use water from a bordering stream or river is called:

If Smith builds a fence on Jones' land by mistake, in good faith, and thinking the fence is on Smith's land, then:

The fact that an acre of land in a rural area cannot fulfill as many needs as an acre of urban land describes the economic characteristic of:

All of the following are true about a trade fixture EXCEPT:

Dawson sold his 500 acre farm to Harris, but reserved the right to drill for oil. Later, when Dawson arrives with oil drilling equipment, he is denied the right of access to the land. Which party has correctly interpreted the agreement?

A township contains how many square miles?

Which of the following statement about air rights is true?

A custom-made storm window would most likely be considered a fixture because of:

The method of land description which identifies a parcel by specifying its boundary lines along with the terminal points and the bearing of each side is known as:

Which of the following is NOT an acceptable method of legally describing a parcel of real estate?

A base point from which height or depth can be measured to describe air rights or subsurface rights is a:

Approximately how many acres are there in a farm that measures 470 feet along the road and 556 feet in depth?

If Mr. Shern's lot has 65 front feet and contains 7,150 square feet, how deep is it?

Real Estate investors are not generally interested in how long buildings will last, but in how long they will be profitable. This characteristic is called: