Legal Concepts in Real Estate Investment

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Questions and Answers

Which one of the following is true about property rights?

  • Property rights are revocable claims
  • Property rights do not include the right to dispose of property
  • Property rights only apply to personal property
  • Property rights are derived from the U.S. Constitution (correct)

Which one of the following is a distinguishing factor between real property and personal property?

  • Personal property is permanently attached to the land
  • Real property includes land and improvements
  • Personal property is based on interest valuations
  • Real property is a class of property that can include any asset (correct)

Which one of the following is considered a fixture in real estate?

  • A table placed in the living room
  • A painting hung on the wall
  • A carpet laid on the floor (correct)
  • A potted plant in the garden

Which one of the following is true about personal rights?

<p>Personal rights are primarily derived from the Bill of Rights (C)</p> Signup and view all the answers

Which one of the following is a class of property that can include any asset other than real estate?

<p>Personal property (A)</p> Signup and view all the answers

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