2: Introduction to Real Estate

Question 1

Which group of explorers and colonizers set up presidios and pueblos in the early days of California?

Answer 1

The Spanish

Question 2

Which of the following are considered to be part of the bundle of rights? The right to:

Answer 2

• Own property
• Encumber
• Enjoy

Question 3

Which of the following is considered land and, therefor, is real estate?

Answer 3

Reasonable airspace above the land

Question 4

The right of the owner of land bordering on a river to use the river water in a reasonable manner is called:

Answer 4

Riparian rights

Question 5

Wall-to-wall carpeting in a single-family dwelling is usually considered to be:

Answer 5

A fixture (which is real property)

Question 6

Which of the following is considered appurtenant to the land and upon sale or other transfer stays with the land and is not taken by the former owner?

Answer 6

• Stock in a mutual water company

- An easement

Question 7

All other things being equal, in a dispute between a buyer and a seller over a fixture, the courts tend to favor:

Answer 7

The buyer

Question 8

In what year was California granted statehood?

Answer 8

1850

Question 9

The main feature of personal property is:

Answer 9

It’s mobility

Question 10

Which two terms do not belong together?

Answer 10

Personal property – Easement

Question 11

Ownership of water rights to flowing water such as river are known as:

Answer 11

Riparian rights

Question 12

Unless otherwise noted, mineral rights:

Answer 12

Transfer with the land

Question 13

Freestanding items like washers, dryers, refrigerators, and stoves are considered to be:

Answer 13

Personal property

Question 14

The right of the state to give permission to a non-riparian owner to take water from a river or lake is called a:

Answer 14

Right of appropriation

Question 15

Which mineral is not considered capable of absolute or exclusive ownership until reduced to possession?

Answer 15

Oil

Question 16

Chattel is also known as:

Answer 16

Personal property

Question 17

Which of the following is not considered a test of a fixture?

Answer 17

Method of financing

Question 18

Personal property that is attached to the land in such a manner that it becomes part of the real property is called a:

Answer 18

Fixture (which is real property)

Question 19

Arnold and Sally are tenants in an apartment. They permanently build shelves into the wall of the kitchen without permission from the terms of the landlord and outside their lease. When they move, the shelves will probably be considered:

Answer 19

Real property

Question 20

Garcia leases a retail store and operates a jewelry business. When she moves, her business machines and shelves will probably be considered:

Answer 20

Trade fixtures (viewed as personal property of business tenant)