Chapter 5: What Is Real Estate? REVIEW QUESTIONS

Question 1

Real property is often referred to as a bundle of rights. All of the following are included in the traditional bundle of rights EXCEPT the right

Answer 1

to use the property for private purposes, legal or otherwise.

Question 2

Which of the following is NOT included in the definition of real estate?

Answer 2

Chattels

Question 3

A specific tract of land is known as a

Answer 3

parcel

Question 4

The owner of a large farm may lease to a gas-drilling company his

Answer 4

subsurface rights.

Question 5

Manufactured, permanent additions to land are called

Answer 5

improvements

Question 6

One would have to look at a federal map to identify

Answer 6

navigable waterways.

Question 7

Molly Malloy owns land along the Passaic River. As a result, Molly may possess certain

Answer 7

riparian rights.

Question 8

Which of the following items would NOT be a part of real estate?

Answer 8

Farm equipment

Question 9

Steve Jackson is a tenant in a small house under a one-year lease. Without consulting his landlord, Jackson installs awnings over the building’s front windows to keep the sun away from some delicate hanging plants. Which of the following is TRUE?

Answer 9

The awnings have become part of the real estate and cannot be removed.

Question 10

When the salon moved in, the hairdresser installed three shampoo basins, four large plate-glass mirrors, and custom workstation counters. Just before the expiration of the lease, the hairdresser has the right to remove

Answer 10

everything but the shampoo basins, because they are attached to the plumbing.
only the mirrors, and then only if holes in the walls are repaired.

Question 11

Fred and Celia Evers are building a new enclosed front porch on their home. The lumber dealer with whom they are contracting has just unloaded a truckload of lumber to be used to build the porch in front of their house. At this point, the lumber is considered

Answer 11

a chattel.

Question 12

When the Everses’ new front porch is completed, the lumber that the dealer originally delivered will be considered

Answer 12

real estate.

Question 13

Personal property differs from real property inits

Answer 13

mobility

Question 14

A functioning furnace in the basement of a home would be considered a

Answer 14

fixture

Question 15

Courts apply four basic tests to determine whether an item is a fixture or personal property. These include all of the following EXCEPT

Answer 15

the opinion of the person purchasing the real estate to which the item is attached.

Question 16

After a railroad sells air rights for construction of a building over its tracks, trains usually can

Answer 16

operate normally.

Question 17

Steve owns land on which oil is discovered by a drilling company. Based on these facts alone, which of the following statements is TRUE?

Answer 17

If Steve has not previously conveyed the mineral rights, he owns the oil.

Question 18

A mobile home can be sold as real estate if it is

Answer 18

permanently attached to the land by a foundation.

Question 19

The rights of the owner of property along the ocean are known as

Answer 19

littoral rights.