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Unit 1- DC Real Estate License Exam Questions and Answers
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Unit 1- DC Real Estate License Exam Questions and Answers
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Unit 1- DC Real Estate License ExamQuestions and Answers
Personal Property - Answer -everything that is not real property
improvements - Answer -Permanent, man-made attachments that include such things
as fencing, buildings, and walkways
Real Property - Answer -real estate, plus the interests, benefits, and rights automatically
included with real estate ownership
real estate - Answer -Land plus all things permanently attached to it naturally or
artificially
land - Answer -The earth's surface, extending downward to the center of the earth and
upward infinitely into space, including things permanently attached by nature, such as
trees and water.
What five rights are associated with real property? - Answer -enjoyment, disposition,
possession, control, exclusion
Possession - Answer -The right to occupy the property
enjoyment - Answer -The right to possess the land without harassment or interference
exclusion - Answer -right to refuse other interests in your property
control - Answer -right to determine interest in the property for others
disposition - Answer -right to determine how, when, and whether the property is to be
sold, leased, mortgaged, or transferred
What is MARIA (Five tests to determine if an item is a fixture and part of real estate?) -
Answer -Method of annexation, Agreement of parties, relationship of the parties,
intention of the person placing the item, adaptability of item for land's use.
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