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Colibri Real Estate: Ch.2-7 Exam|79 Q’s and A’s
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Colibri Real Estate: Ch.2-7 Exam|79 Q’s and A’s
*Ch. 2: Real Property Fundamentals (p. 17)* - -
- what is land legally considered to include? what does an owner have rights
to? - -- *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 - -actual *physical land* (aka unimproved land or raw land) and
its *permanent attachments*, both natural & man-made
- fixture - -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 - -an
*improvement* (e.g. a building)
- how do fixtures become real property? - -- *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) - -detached, severance
- Real property is __________ (e.g. your sofa, microwave, etc.), while real
estate is not. - -moveable
- natural attachments - -plants growing on the land called *fructus
industrials* (planted) & *fructus naturals* (naturally grows)
- Emblements are considered _____ property. - -personal
- A rose bush growing on the land is part of ________ property, but once the
flowers are picked, they become ________ property. - -real, personal
, - doctrine of emblements - -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 - -1.) Real
2.) Real, Personal, Real
3.) Real
4.) Real
5.) Real
6.) Real
7.) Real
8.) Real
9.) Personal
10.) Real
11.) Real
12.) Real
13.) Personal
14.) Real
15.) Personal
16.) Personal
17.) Personal
- What's the main difference between land, real estate, and real property? -
-1.) Land
- air/space
- attached nature
- underground
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