Nature of Real Property Quiz
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Questions and Answers

Minerals become personal property when they are:

  • taken to a refinery
  • claimed
  • extracted from the land (correct)
  • surveyed
  • A section of a township contains the following number of acres:

  • 580
  • 640 (correct)
  • 560
  • 360
  • A parcel that measures 1/4 of a mile by 1/4 of a mile is:

  • 1/8 of a section
  • 1/4 of a section
  • 1/36 of a section
  • 1/16 of a section (correct)
  • A right that goes with or pertains to real property is called:

    <p>an appurtenance</p> Signup and view all the answers

    Sometimes personal property is referred to as that which is immovable.

    <p>False</p> Signup and view all the answers

    When property is sold, everything considered to be part of the real property is transferred to the buyer, unless otherwise agreed.

    <p>True</p> Signup and view all the answers

    Rights to oil and gas are determined by:

    <p>the rule of capture</p> Signup and view all the answers

    What legal term refers to a permanent addition to real estate?

    <p>Fixture</p> Signup and view all the answers

    Which of the following correctly defines the term 'real property'?

    <p>Property that includes both land and anything permanently attached</p> Signup and view all the answers

    A fixed item that is a part of the property and typically stays with the land is called:

    <p>Fixture</p> Signup and view all the answers

    Study Notes

    Quiz Instructions - Nature of Real Property

    • Quiz includes True/False, Multiple Choice, and Matching questions.
    • Questions are randomly selected from course question banks.

    Question 1: Mineral Rights

    • Minerals become personal property when extracted from the land.

    Question 2: Township Acreage

    • A section of a township contains 640 acres.

    Question 3: Parcel Dimensions

    • A parcel measuring 1/4 mile by 1/4 mile is 1/16 of a section.

    Question 4: Real Property Rights

    • A right that goes with or pertains to real property is called an appurtenance.

    Question 5: Immovable Property

    • Sometimes personal property is referred to as that which is immovable, therefore the answer is True.

    Question 6: Property Transfer

    • When property is sold, everything considered part of the real property transfers to the buyer unless otherwise agreed. The answer is True

    Question 7: Oil and Gas Rights

    • Rights to oil and gas are determined by the rule of capture.

    Question 8: Land Measurement Methods

    • Match methods of land measurement with their definitions. (Note: this requires a table to be visible to provide the matching details)

    Question 9: Water Rights

    • A landowner's rights regarding water in a stream flowing through her land are called riparian rights

    Question 10: Real Property Components

    • Real property comprises more than just land. It includes other aspects as well. The statement that the only component is land is false.

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    Description

    Test your knowledge of real property concepts with this comprehensive quiz. It includes various question formats like True/False, Multiple Choice, and Matching to challenge your understanding of real estate rights, mineral rights, and property dimensions. Ideal for students studying real estate or related fields.

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