Trade fixtures Study guides, Class notes & Summaries
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Texas Real Estate Exam Prep (From PearsonVUE and & Champions National Exam Prep)
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Texas Real Estate Exam Prep (From PearsonVUE and & Champions National Exam Prep) 
 
A property owner has decided to do some landscaping work on his yard. he has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: 
a) encroachments 
b) improvements 
c) surface rights 
d) emblements 
b) improvements 
A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? 
a) riparian 
b) littoral 
c) ap...
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Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions.
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Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions. 
Surface rights consist of only the right to control, occupy, and use the surface area of a 
parcel of real estate. T/F? - False 
Mineral rights are: 
A. Always considered to be personal property 
B. Always pass with the land 
C. Cannot be sold separately from the land 
D. Pass with the land, unless otherwise specified in the deed - D 
Which of the following is NOT an improvement of land? 
A. Building 
B. ...
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Barney Fletcher Real Estate Exam Questions and Correct Answers
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Barney Fletcher Real Estate Exam Questions and Correct Answers 
trade - ANSWER: > a ______ fixture can be affixed to real property without becoming legal part of the property 
False - ANSWER: > Trade fixtures may not be removed from leased premises once they are affixed. T/F? 
True - ANSWER: > Trade fixtures do not include replacement fixtures. T/F? 
emblements - ANSWER: > Fructus industriales is another term for: 
Chattel - ANSWER: > all property other than real property is ...
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Barney Fletcher Real Estate Exam 2024 with Complete Solutions.
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Barney Fletcher Real Estate Exam 2024 with Complete Solutions. 
False - ANSWER-Surface rights consist of only the right to control, occupy, and use the 
surface area of a parcel of real estate. T/F? 
D - ANSWER-Mineral rights are: 
A. Always considered to be personal property 
B. Always pass with the land 
C. Cannot be sold separately from the land 
D. Pass with the land, unless otherwise specified in the deed 
C - ANSWER-Which of the following is NOT an improvement of land? 
A. Building 
B. Sid...
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Metrobrokers UPDATED Exam Questions and CORRECT Answers
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Metrobrokers UPDATED Exam Questions 
and CORRECT Answers 
A Restaurant owner installed booths in a small shop. Later he decided to move to a bigger 
location. Can he take the booths and save some money? 
a. No, the booths are attached to the building 
b. Maybe, depends how he attached the booths 
c. Yes, the booths are trade fixtures and can be removed prior to the end of the lease. 
d. Yes, the booths are trade fixtures and can be removed any time 
e. No, the booths are fixtures since the...
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texas real estate practice exam Questions With Complete Solutions
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A farmer temporarily installs produce coolers in a leased farm stand in order to prevent spoilage. The coolers would be considered which of the following? 
 
a) Trade fixtures that are real property. 
b) Trade fixtures that are personal property. 
c) Temporary real property. 
d) Emblements. correct answer: b) Trade fixtures that are personal property. 
 
Property can be converted from real to personal property and from personal property to real property by means of which processes respectively?...
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NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED
- Exam (elaborations) • 27 pages • 2024
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In most cases, broker compensation, as a percentage of home price, falls somewhere between: 
5-7% 
A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the 
federal Fair Housing Act, is this legal? Yes. Religious organizations which rent to tenants for 
residential purposes are exempt from the Fair Housing Act 
What happens to trade fixtures after a business moves out of a leased property? The tenant 
removes their trade fixtures and takes them upon moving ...
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Arizona Real Estate State Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024 | 23 Pages
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Which of the following is NOT a specific lien? 
a. an unrecorded mortgage 
b. a mechanic's lien 
c. a judgement lien 
d. a blanket mortgage - c. a judgement lien 
Which of the following is NOT an encumbrance on real property? 
a. lease 
b. easement 
c. homestead right 
d. restrictive convenant - c. homestead right 
Which of the following is NOT an appurtenance? 
a. easement right 
b. mineral right 
c. water rights 
d. trade fixtures - d. trade fixtures 
The physical characteristics of land incl...
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Metro Brokers Final Exam Practice Test | Questions with 100% Correct Answers | Verified | Latest Update 2024 | 53 Pages
- Exam (elaborations) • 53 pages • 2023
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A Restaurant owner installed booths in a small shop. Later he decided to move to a bigger 
location. Can he take the booths and save some money? 
a. No, the booths are attached to the building 
b. Maybe, depends how he attached the booths 
c. Yes, the booths are trade fixtures and can be removed prior to the end of the lease. 
d. Yes, the booths are trade fixtures and can be removed any time 
e. No, the booths are fixtures since they are attached. - c. Yes, the booths are trade fixtures and can ...
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REE 4103 Exam 1 Questions with Correct Answers 2024 Graded A
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The concepts of land are - Legal, geographic and environmental, economic, and social. 
 
For appraisal purposes, market value may be defined as - The most probable selling price 
 
Appraisal is - The act or process of developing an opinion of value. 
 
What is Chattel? - Personal property is generally considered property that is movable,[1] as opposed to real property or real estate. 
 
What is a fixture? - any physical property that is permanently attached (fixed) to real property (usually land...
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