Red Carpet Real Estate School - Online Real Estate Education

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1. J wants to buy some real property. Which of the following would he consider to be real property?
A. planting wheat on his uncle's property B. buying a drive-in C. a mutual fund that buys real estate D. any of the above
2. Water rights to property are considered which of the following?
A. personal property B. real property C. government sanctions D. acts of God
3. The State owns the land under a river if:
A. the water is flowing B. the river crosses State boundaries C. the Feds grant authority D. the water is navigable
4. Nan replaced the pipes under the sink of the apartment she is leasing. When she moves out she can:
A. move out B. take the pipes with her C. ask for a refund on the pipes D. bill the landlord for her labor
5. Which of the following would not be considered real property when selling a residence to an out-of-state buyer who is paying cash?
A. cherry tree B. grass lawn C. fence D. maintenance equipment
6. The word "estate" in real estate comes from which of the following sources?
A. State rights B. United States C. England D. the IRS
7. The main difference of real property vs. personal property is which of the following?
A. value of real property is greater than personal property B. real property you can see and touch C. personal property can be gifted D. real property is land based while personal property is movable
8. Which of the following would transfer ownership with a bill of sale?
A. purchase of a business in an owned building B. purchase of a house C. purchase of an easement D. a mobile home parked at a mobile home park
9. Van purchased some bushes and planted them around his home. When he sells his home, he can:
A. sell the bushes separately B. take the bushes with him C. include them with the sale of the home D. any of the above
10. Which of the following would increase the value of a home for sale?
A. Christmas lights around the home B. a fence installed C. planting some flowers in patio pots D. setting up a play gym
11. If a business was sold, which of the following would be considered to be personal property and would have to be removed from the business location?
A. display shelves B. support beams C. display windows D. parking stalls
12. Which of the following would be considered to be trade fixtures?
A. display shelves B. support beams C. display windows D. parking stalls
13. Which of the following fixtures would be considered to be personal property?
A. chandelier B. kitchenette set C. planted flowers D. wall mural
14. A buyer has asked you which of the following would not come with the house. Which of the following would you tell him/her?
A. chandelier B. kitchenette set C. planted flowers D. wall mural