©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.
