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Colibri Real Estate: Ch.2-7 Questions And Answers With Verified Solutions Already Passed!!!
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Colibri Real Estate: Ch.2-7 Questions And Answers With Verified Solutions Already Passed!!!
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Colibri Real Estate: Ch.2-7 QuestionsAnd Answers With Verified Solutions
Already Passed!!!
*Ch. 2: Real Property Fundamentals (p. 17)* - ANSWER✔✔
what is land legally considered to include? what does an owner have rights to? -
ANSWER✔✔- *surface* of the earth, *subsurface* of the center of the earth, &
*air* above the land (e.g. mineral rights, water, etc.)
^ owner has rights to all of that within property's boundaries
real estate - ANSWER✔✔actual *physical land* (aka unimproved land or raw
land) and its *permanent attachments*, both natural & man-made
fixture - ANSWER✔✔An item of personal property that has been converted to
real property by being permanently affixed to the realty. (e.g. a house, shed,
fence, patio)
a major fixture that significantly increases value of the property - ANSWER✔✔an
*improvement* (e.g. a building)
how do fixtures become real property? - ANSWER✔✔- *physically attached* to
real property
- attached *conceptually* bc of a *close association* w/ real property (ex: keys)
- through process of *adoption* (ex: custom-made curtains for unusual window
size or wall-to-wall carpeting)
- *agreement* between parties involved (ex: landlord & tenant)
- its removal would *damage* the property
- *intention* of person affixing personalty to real estate
Fixtures can be _____________ from the land and so revert back to personal
property through the process of ______________. (e.g. a chandelier is removed
from the ceiling) - ANSWER✔✔detached, severance
Real property is __________ (e.g. your sofa, microwave, etc.), while real estate is
not. - ANSWER✔✔moveable
, natural attachments - ANSWER✔✔plants growing on the land called *fructus
industrials* (planted) & *fructus naturals* (naturally grows)
Emblements are considered _____ property. - ANSWER✔✔personal
A rose bush growing on the land is part of ________ property, but once the
flowers are picked, they become ________ property. - ANSWER✔✔real, personal
doctrine of emblements - ANSWER✔✔A rule that allows a tenant farmer to *re-
enter* the land to harvest crops that were planted by the tenant farmer even
*after the land has been sold* to a new owner.
Real vs. Personal Property
1.) Keys
2.) A tree, Cutting a tree down for firewood, Using wood from one of your trees to
build a deck
3.) Bathtub
4.) Built-in Dishwasher
5.) Stove
6.) Custom curtain or drapes
7.) Chandelier homeowner bought & attached to dining room ceiling
8.) Bookshelves attached to wall
9.) Commercial oven in restaurant
10.) A leased water heater tank
11.) Fence that encloses yard
12.) Venetian blinds on windows
13.) A TV attached to a bracket on living room wall
14.) The bracket for TV mounted on living room wall
15.) Washer & dryer hooked up by tenant for his use
16.) Unattached kitchen island
17.) Window air conditioning unit - ANSWER✔✔1.) Real
2.) Real, Personal, Real
3.) Real
4.) Real
5.) Real
6.) Real
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