WorksheetsChapter 1
Total questions: 24
Worksheet time: 12mins
Which of the following best describes a parcel of land?
The surface of the Earth includes all things permanently attached and the control of all mineral and substances beneath
The surface of the earth extending down to the enter and upward to infinity
The earths clearly marked by the certain boundaries
The surface of the earth extending down a reasonable distance an dup not the air a reasonable
In determining whether an item is a fixture, which of the following would NOT be considered?
Method of attachment
Adaptation to the real estate
Value of the item
Legal interest of the annexing party
The characteristic that distinguishes personal property from real property is
mobility
scarcity
durability
flexibility
When used in a deed or other real estate document, a legal description describes only the land because:
a bill of sale is used to convey title to the buildings and other improvements
artificial attachments, such as buildings, cannot be adequately surveyed
buildings and other improvements are considered to0 be part of the real estate
a street address is used to identify the buildings and improvements
An item that was personal property but has been attached to and become part of the real property is known as
a trade fixture
an emballement
fructus industriales
a fixture
Crops planted and harvested each year are
personal property
emblements
fructus industriales
all of the above
Th most distinctive physical characteristic of land is
homogeneity
immobility
situs
improvements
All of the following are real property EXCEPT
oil below the earths surface
a concrete driveway
cut timber
air rights
The law of capture refers to the
process of removing oil and gas from the land
government's right of eminent domain
landowners right to keep trade fixtures if not removed
responsibility of lateral support while removing solid mineral
The sum of all factors that affect value is called
location
accession
situs
scarcity
Ownership of personal property is transferred by
deed
chattel deed
bill of sale
sales agreement
A landowners right to use water from a bordering stream or river is called
Littoral right
right of prior appropriation
Riparian right
Correlative right
If Smith builds a fence on Jones land by mistake, in good faith, and thinking the fence is on Smiths land, then
Jones automatically acquires ownership of the fence by accession
Jones may sell the fence and keep the proceeds
Jones may require Smith to remove the fence and/or pay damages
both (A) and (B)
The fact the true about a trade fixture EXCEPT
it is personal property
it is chattel real
it may be removed only after the lease expires
it belongs to the property owner if nit removed in timely manner
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?
Dawson, because he has an implied right of entry
Harris, because he has an implied right of entry
Dawson, but he must pay Harris a reasonable fee for the right of access and reimburse him for any damages caused by the drilling operation
Harris, but he may be liable if his denial was unreasonable
A township contains how many square miles?
6
16
640
36
Which of the following statements about air rights is true?
Air rights can be leased but not sold unless the entire parcel is being sold
The owner can sell the air rights and still retain the surface and subsurface rights
Government controls such as zoning have no effect on air rights
Structures are rarely erected on air lots
Mr. Smith had a window that was specially designed and manufactured to fit an unusual size opening in his home. Why is the window considered a fixture?
Its adaptation to the building to which it is attached
The method of attachment
The annexing party intent to make it permanent
The annexing party interest in the real property
Th method of land description which identifies a parcel by specifying its boundary lines along with the terminal points and the bearing of each side I known as
lot, block, and tract
recored plat
government survey
metes and bounds
Which of the following is NOT an acceptable method of legally describing a parcel of real estate
?
Street addresses, county, and state
Metes and bounds
Rectangular surveys
Recored plats
A base point from which height or depth can be measured to describe air right
topographic
benchmark
point of beginning
datum
Approximately how many acres are there in measures 470 feet along the road snd 556 feet in depth
261
6
50
320
If Mr. Sherns lot has 65 front feet and contains 7,150 sq ft how deep is it?
110 ft
100 ft
65 ft
464,750 ft
Real estate investors are not generally interest in how buildings will last, but in how long they will last, but in how long they will be profitable. This characteristic is called
life expectancy
profit margin
net return
economic life
