A tenant leased a small home under a one-year lease. Without consulting his landlord, the tenant installed awnings over the home's front windows to keep the sun away from delicate hanging plants. What is the outcome?

the awnings have become part of the real estate and cannot be removed

by law, the tenant's landlord must reimburse the tenant before the rental period is over

because of their permanent nature, the awnings are considered personal property

the awnings are removeable trade fixtures

What does the term "devise" mean in regards to real estate?

to leave real estate to someone by will

to use bodies of water affected by tidal currents

to increase real estate using soil, water, and wind

When furnishing a beauty salon, the hairdresser installed three shampoo basins, four large plate glass mirrors, and custom workstation counters. The lease is ready to expire. What can the hairdresser legally move?

everything but the shampoo basins, because they are attached to the plumbing

only the mirrors, and then only if the holes in the walls are repaired

nothing, because all the items became fixtures when they were attached

A dispute has arisen as to whether an item should have been removed by the seller who said it was personal property. The buyer said that it was real property and it should have remained. The court is asked to consider whether the item was a fixture or personal property. What is one factor that will determine that it is real property?

the way the item was attached to the real estate

the opinion of the person who purchased the real estate to which the item was attached

the opinion of the person who attached the item

how easily it can be moved or removed

The railroad sold air rights for the construction of a building over its tracks. What rights, if any, does the railroad have to use the tracks?

the trains can continue to use the tracks as they have been

the trains are not permitted to freely use the tracks

the trains may operate only with the permission of the building owners

the trains may continue to operate unless they create a noise hazard

A farmer owns land on which oil has been discovered by a drilling company. Based on these facts alone, who owns the oil?

if the farmer has not previously conveyed the mineral rights, the farmer owns the soil

the drilling company owns the oil by finder's rights

both the property owner and the oil company own rights to the oil jointly

the underground oil is a littoral asset and may be subject to government ownership

What do littoral rights apply to?

land bordering bodies of water affected by tides

land bordering bodies of water not affected by tides

personal property that have become fixtures in the land

personal property that have not become fixtures in the land

Under which of the following conditions, if any, can a mobile home be sold as real estate?

if the mobile home is permanently attached to the land by an approved foundation

if the mobile home is appraised for more than $50,000

if the mobile home has been situated at the rented space for more than two years

under no conditions, as a mobile home is mobile and cannot be sold as real estate

Which of the following does NOT include ownership rights?

navigable river running through the property

buildings located on the property

minerals found under the property

What do riparian rights apply to?

the use of water by adjoining landowners not affected by tidal currents

the use of water that is affected by tidal currents

the use of minerals and soils under the surface

the use of minerals and soils above the surface

What does subsurface rights refer to?

ownership of minerals, oil, and so on

ownership of the land and air above

the use of water affected by tides

the use of water not affected by tides

Real Estate Ch. 5

Authored by Cory Roesing

Other

Professional Development

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45 questions

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MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the term for an increase of land caused by the gradual depositing of solid material by the action of water?

accretion

alluvion

avulsion

erosion

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What rights are included in the traditional bundle of rights?

payment of rent

use of the property for any legal purpose

ability to prohibit ownership by a person from another country

condemnation rights

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the correct rights for property that belongs to the owner of land below them?

subsurface rights

air rights

surface rights

personal property rights

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is typically considered personal property that does NOT convey to a new buyer?

chattels

fixtures

trees

underground oil

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the term for solid material deposited by a body of water?

accretion

alluvion

avulsion

erosion

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What does the term "parcel" refer to?

a specific tract of land

land buildup due to erosion

land loss due to erosion

air space above land

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the term for a sudden change of the course of a stream?

accretion

alluvion

avulsion

erosion

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Real Estate Ch. 5

What is the term for an increase of land caused by the gradual depositing of solid material by the action of water?

What rights are included in the traditional bundle of rights?

What is the correct rights for property that belongs to the owner of land below them?

What is typically considered personal property that does NOT convey to a new buyer?

What is the term for solid material deposited by a body of water?

What does the term "parcel" refer to?

What is the term for a sudden change of the course of a stream?

What are manufactured, permanent additions to land called?

The owner of a large farm has been approached by a gas-drilling company. What rights does the company wish to buy?

How are properties that border water often priced?

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