A tenant installs a custom-built bar in a rented restaurant space for use in their business. Under the law of fixtures, this item is best classified as a:
A. Trade fixture, which the tenant may remove before the lease ends
B. Real fixture that automatically becomes the landlord's property
C. Emblement, which passes with the harvest
D. Bill of sale item requiring no further action
Source: Pearson VUE National/General Exam Content Outline for Salespersons, eff. 4/1/2025, Sec. I.A
Which test is applied first when determining whether an item attached to real property remains personal property or has become a fixture?
A. The method and permanence of attachment to the property
B. The original purchase price of the item
C. Whether the item was purchased new or used
D. The color and style of the item
Source: Pearson VUE National/General Exam Content Outline for Salespersons, eff. 4/1/2025, Sec. I.A.2
The economic characteristic of real property known as "scarcity" refers to:
A. The limited supply of land in a given location
B. The physical indestructibility of land
C. The fact that no two parcels are exactly alike
D. The immobility of land
Source: Pearson VUE National/General Exam Content Outline for Salespersons, eff. 4/1/2025, Sec. I.B.1
Which of the following is a physical, rather than economic, characteristic of land?
A. Non-homogeneity, meaning every parcel is unique
B. Scarcity of desirable locations
C. Permanence of investment
D. Area preference (situs)
Source: Pearson VUE National/General Exam Content Outline for Salespersons, eff. 4/1/2025, Sec. I.B.2
A metes and bounds legal description begins and ends at which point?
A. The point of beginning (POB)
B. The nearest section corner
C. The benchmark elevation marker
D. The county courthouse
Source: Pearson VUE National/General Exam Content Outline for Salespersons, eff. 4/1/2025, Sec. I.C.1
