Land & Real Estate

Question 1

A building added to the land is known as:

a. An appurtenance
b. An improvement
c. A fixture
d. A tenement

Answer 1

d. A tenement

Correct! Tenements include any building on the land, for example, a house, barn, garage, warehouse, office or apartment.

Question 2

Rights, privileges, and improvements that belong and pass to a new landowner are known as:

a. Tenements
b. Improvements
c. Appurtenances
d. Land

Answer 2

c. Appurtenances

Correct!

Question 3

All of the following are separable ownerships in land EXCEPT:

a. Surface of the land
b. Area below the surface
c. Air rights
d. Nonhomogeneity

Answer 3

d. Nonhomogeneity

Correct! Nonhomogeneity is a physical characteristic of real estate meaning that no two parcels of real estate are alike.

Question 4

“It would NOT be an appurtenance” describes which of the following:

a. Mineral rights
b. Trade fixtures
c. Easement rights
d. Water rights

Answer 4

b. Trade fixtures

Correct! Although fixtures become part of the real property, a trade fixture remains as the personal property of the business owner and therefore is not part of the real estate.

Question 5

Real estate is BEST defined as:

a. Land, the air above it and everything above and below the ground
b. Land and all rights in the land.
c. Land, the buildings on it, and anything permanently attached to the land and/or buildings and all appurtenances.
d. Land and the air above it

Answer 5

c. Land, the buildings on it, and anything permanently attached to the land and/or buildings and all appurtenances.

Correct! Real Estate is defined as Land plus Improvements buildings and other permanent attachments and appurtenances. The other answer choices are all definitions or partial definitions of Land only.

Question 6

A saguaro cactus planted in the front yard of a residence is considered to be:

a. Real estate
b. An emblement
c. Fructas industirals
d. A physical characteristic

Answer 6

a. Real estate

Correct! The definition of real estate includes Land, which includes Trees and perennial plants. A Saguaro cactus is a perennial plant.

Question 7

The contours of land are referred to as:

a. Topography
b. Rolling hills
c. Wind direction
d. Landscape

Answer 7

a. Topography

Correct! the contours of land is referred to as topography, such as in a topographical map.

Question 8

Ownership rights of land bordering a non-navigable river are known as:

a. Alluvion
b. Prior appropriation
c. Littoral rights
d. Riparian rights

Answer 8

d. Riparian rights

Correct! Riparian rights are granted to owners of land located along a stream, river or lake. They generally apply to non-navigable waters. Consequently, someone with riparian rights owns the land beneath the surface of the water.

Question 9

The sudden loss of land due to a shift in a riverbed is called:

a. Avulsion
b. Accretion
c. Erosion
d. Alluvion

Answer 9

a. Avulsion

Correct! Avulsion is defined as the sudden loss of land, which may occur as a result of a sudden shift in a riverbed, volcanic action, an earth quake or other cause.

Question 10

A homeowner acquired the ownership of land that was deposited by a river running through her property by:

a. Reliction
b. Succession
c. Accretion
d. Avulsion

Answer 10

c. Accretion

Correct! Accretion is the slow buildup of land by natural forces such as wind or water.

Question 11

In Arizona, the doctrine for use of water is:

a. Colorado River doctrine
b. Littoral doctrine
c. Riparian doctrine
d. Doctrine of prior appropriation and reasonable use

Answer 11

d. Doctrine of prior appropriation and reasonable use

Correct! In Arizona, all water rights are governed by the doctrine of prior appropriation and reasonable use, which is often translated to mean “first in time, first in use”.

Question 12

Physical characteristics of real estate include:

a. Situs
b. Indestructibility
c. Scarcity
d. Improvements

Answer 12

b. Indestructibility

Correct! Indestructibility is a physical characteristic. the other physical characteristics of real estate are immovable and nonhomogeneity. Improvements, scarcity and situs are economic characteristics of real estate.

Question 13

The utilities and streets added to the land are called:

a. Tenements
b. Appurtenances
c. Improvements
d. Land

Answer 13

c. Improvements

Correct! Improvements include sewers, sidewalks, streets and utilities added to the land.

Question 14

Economic characteristics of real property include which of the following?

a. Situs
b. Immobility
c. Indestructibility
d. Nonhomogeneity

Answer 14

a. Situs

Correct! Situs is an economic characteristic of real estate meaning that value is enhanced by the desire of people to locate in a particular area. Location, Location, Location.

Question 15

The characteristic of land that causes the real estate market to be essentially a local market is the physical characteristic of:

a. Immobility
b. Natural features
c. Indestructibility
d. Availability

Answer 15

a. Immobility

Correct! The physical characteristic of Immobility, meaning that you can’t move or transport real estate, makes it a local market

Question 16

Which of the following has the greatest effect on real property value?

a. Location
b. Tax rates
c. Indestructibility
d. Availability

Answer 16

a. Location

Correct! The desire to locate in a particular area (situs) has the greatest effect on real property values.

Question 17

Because no two pieces of property are identical is the reason for:

a. The Statute of Frauds
b. The Parol Evidence Rule
c. Punitive damages
d. Specific performance

Answer 17

d. Specific performance

Correct! Because no two pieces of property are identical a buyer can sue for specific performance if a developer attempts to make an unauthorized substitution of parcels.

Question 18

Physical characteristics include all of the following EXCEPT:

a. Nonhomogeneity
b. Indestructibility
c. Immobility
d. Improvements

Answer 18

d. Improvements

Correct! Improvements are an economic characteristic of real estate.

Question 19

The quality of the location of land and consequently the value of the land can be changed by:

a. Improvements to the land that result in accessibility not previously available.
b. Relocation of the land
c. The principle of indestructibility
d. Changes in the national scope of the real estate business

Answer 19

a. Improvements to the land that result in accessibility not previously available

Correct! Improvements, an economic characteristic, such as the completion of a nearby freeway that enhanced access to the land, will increase the value of that land.