Principle L 1

Principle L 1 - Lesson 1 Cumulative Quiz 1. Real property...

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Lesson 1 Cumulative Quiz 1. Real property includes: A. anything appurtenant to the land 2. The distinction between real property and personal property is important in a real estate sale because: B. anything that is part of the real property is transferred to the buyer, unless otherwise agreed 3. The "bundle of rights" does not include the right to: C. impede air traffic 4. Personal property is: A. chattels B. personalty C. usually movable D. All of the above D 5. Air rights, mineral rights, and water rights are all: D. appurtenances 6. Condominium developments are made possible by: A. air rights 7. Once coal has been extracted from the earth, it is: A. personal property 8. The instrument that would be used to transfer title to personal property is a: B. bill of sale 9. A stream borders both Peter's and Patty's land. Which of the following correctly describes Peter and Patty's rights?
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D. Both owners have equal rights to use the water 10. In California a landowner whose land does not border a body of water:
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Principle L 1 - Lesson 1 Cumulative Quiz 1. Real property...

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