Real Estate Property And Water Rights
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Property and water rights for the real estate exam
Questions and Answers
- 1.Real property is defined as the land and generally whatever is erected, growing upon or affixed to the land. Which of the following would not be considered real property
- A.
A tree
- B.
Swimming pool
- C.
Log cut from one of the trees
- D.
Mail Box
- 2.A fixture in the real estate sence is considered
- A.
Personal property
- B.
Real Property
- C.
A tenure
- D.
Quasi-personal property
- 3.Ground water probably belongs to:
- A.
Land owner
- B.
State
- C.
Eminent domain
- D.
Flood control
- 4.An appurtenant easement usually is:
- A.
An asset to the property on which it is located
- B.
A liability to the property on which it is located
- C.
For utility purposes
- D.
Controlled by and for the city's use
- 5.Which word refers to the most all-inclusive classification of property:
- A.
Encumbrance
- B.
Hereditaments
- C.
Appurtenance
- D.
Real Property
- 6.Hill owns an appurtenant easement on Dale's property. Hill sold to Klutz with no montion of the easement. What happens.
- A.
Easement is no longer binding on Dale's property
- B.
Easement is binding because it goes with the land
- C.
Klutz should negotiate with Dale for new easement
- D.
Not binding because of "Caveat Emptore"(Let the buyer beware)
- 7.Patents, trademarks and copyrights are an example of:
- A.
Tangible property
- B.
Corporeal Property
- C.
Intangible property
- D.
Bi-Lateral Property
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