GA Real Estate Exam - Ch. 1 Property Quiz 1 Latest 2023

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GA Real Estate Exam - Ch. 1 Property Quiz 1 Latest 2023 Which of the following best describes a parcel of land? A. The surface of the earth includes all things permanently attached and the control ... of all minerals and substances beneath. B. The surface of the earth extending down to the center and upward to infinity. C. The earth's surface clearly marked by marked boundaries. D. The surface of the earth extending down a reasonable distance and up into the air a reasonable distance. ✔✔B. The surface of the earth extending down to the center and upward to infinity. In determining whether an item is a fixture, which of the following would not be considered? A. Method of attachment B. Adaptation to the real estate C. Value of the item D. Legal interest of the annexing party ✔✔C. Value of the item The characteristic that distinguishes personal property from real property is? A. Mobility B. Scarcity C. Durability D. Flexibility ✔✔A. Mobility When used in a deed or other real estate document a legal description describes only the land because A. A bill of sale is used to convey title to the buildings and other improvements B. Artificial attachments such as buildings cannot be adequately surveyed C. Buildings and other improvements are considered to be part of the real estate D. A street address is used to identify the buildings and improvements ✔✔C. Buildings and other improvements are considered to be part of the real estate An item that was personal property but has been attached to and become part of the real property is known as A. A trade fixture B. An emblement C. Fructis industriales D. A fixture ✔✔D. A fixture Crops planted and harvested each year are A. personal property B. Emblements C. Fructis indusctriales D. all of the above ✔✔D. all of the above The most distinctive physical characteristic of land is [Show More]

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