VA Real Estate Moseley Test Questions and Answers Already Passed
Question :What are the classes of Property?
CORRECT ANSWER :Personal Property and Real Property
Question :What is personal property?
CORRECT ANSWER :Generally movable and unattached
items.
Question :What is a trade fixture?
CORRECT ANSWER :Personal property used for a person's
business. (even if it attached to the real estate)
Question :What is Fructus Industriales?
CORRECT ANSWER :Crops also known as chattle.
Question :What general categories does personal property fall
under?
CORRECT ANSWER :Intellectual, reputation, leases,
partnership interests.
Question :Real Property
CORRECT ANSWER :Everything within a specified block
including mining rights, air rights, and general land usage rights.
Question :What are some common land improvements?
CORRECT ANSWER :Houses, fences, fire pit
Question :What categories fall under real property?
CORRECT ANSWER :Land, improvements, or real estate
(the land plus the improvements.)
Question :What fall into fructus naturales?
CORRECT ANSWER :Flowers, bushes, trees, and general
landscaping.
Question :What is a fixture?
CORRECT ANSWER :Things like fences and lights that
were once movable personal property that were affixed to a property making them fixtures.
Question :What is the method of attachment?
CORRECT ANSWER :How permanent and attached object
is to the property.
Question :What is an adaptation?
CORRECT ANSWER :When something is specifically made
to work with a building and is now a fixture even if it isn't "attached" to a property
Question :What can an agreement do?
CORRECT ANSWER :An agreement allows for a fixture to
be removed.
Question :What is a relationship of parties?
CORRECT ANSWER :When a renter makes improvements
but takes the improvements with him replacing them with the
originals when he leaves. Like upgrading a fan and then putting back the original when you leave.
Question :What is are rights in real property?
CORRECT ANSWER :ownership rights in surface, air, and
the dirt of a person's land.
Question :What is included in the bundle of rights?
CORRECT ANSWER :Possess property, control property,
enjoy property, exclude others, encumber property, and disposal of property by sale.
Question :What are water rights?
CORRECT ANSWER:The right to use the water that is on
your property.