VanEd Modern Real Estate Unit 1 Q&A Latest Update
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VanEd Modern Real Estate Unit 1 Q&A Latest Update
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| Uploaded on: | May 13, 2025 |
| Last updated: | May 13, 2025 |
| Number of pages: | 15 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | VanEd Modern Real Estate Unit 1 Q&A Latest Update |
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VanEd Modern Real Estate Unit 1 | Q&A Latest 2025/2026 | 100% Adaptation - Answer -Concerns fixtures. How an item fits can determine whether the item is personal property or real property. If an item is "made" for a specific spot, it is a fixture. Ex: window shades are usually fixtures as they are made to fit inside the window frame. Agreement of Parties - Answer -Most important test of whether an item is a fixture or not. If you are not sure if an item is considered to be a fixture, clarify in a contract w buyer & seller. Air rights - Answer -Rights to ownership, not including surface rights or sub-surface rights, that allow you to use the open vertical space above a property. (Also known as air lots) Appurtenances - Answer -Rights, privileges, and improvements that go with a transfer of land even though they may not be part of it. (Ex: water rights, rights-of-way, easements) Monuments - Answer -Fixed, artificial or natural object used to establish real estate boundaries for metes & bounds description. Mark surface measurement between points.
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