COLIBRI REAL ESTATE
PRACTICE EXAM
COMPLETE 85 QUESTIONS
Question 1: A tenant installs display shelving for use in a retail business. The shelving can be removed without materially damaging the building. At lease end, the shelving is generally classi�ed as what?
Choices:
1) A trade �xture 2) An emblement 3) An easement 4) A permanent improvement
Correct Answer: A trade �xture
Explanation: Items installed by a commercial tenant for business use are typically trade �xtures and may usually be removed before the tenancy ends if removal does not materially damage the property.
Question 2: A tenant farmer occupies land under a tenancy of uncertain duration
and plants an annual corn crop. The landlord then terminates the tenancy without Page 1
fault by the tenant before harvest. Under the doctrine of emblements, who generally has the right to harvest the crop?
Choices:
1) The landlord only 2) The tenant who planted the crop 3) The next tenant 4) The local taxing authority
Correct Answer: The tenant who planted the crop
Explanation: Emblements are annual crops produced by a tenant's labor. When a tenancy of uncertain duration ends without the tenant's fault, the tenant generally retains the right to enter and harvest the crop.
Question 3: An owner cuts down trees growing on the property and stacks the
lumber for sale. This change is best described as what?
Choices:
1) Accession 2) Severance 3) Annexation 4) Encroachment
Correct Answer: Severance
Explanation: Severance is the act of changing an item from real property to personal property, such as cutting trees from the land.Page 2
Question 4: Two otherwise similar houses sell for di�erent prices because one is in a neighborhood with stronger buyer demand. Which economic characteristic of real estate is most directly illustrated?
Choices:
1) Indestructibility 2) Immobility 3) Situs 4) Non-homogeneity
Correct Answer: Situs
Explanation: Situs, or area preference, re�ects the e�ect of location and neighborhood desirability on real estate value.Question 5: No two parcels of land are exactly identical in location and physical characteristics. This is known as what?
Choices:
1) Fixity 2) Scarcity 3) Non-homogeneity 4) Modi�cation
Correct Answer: Non-homogeneity
Explanation: Non-homogeneity, also called uniqueness, means each parcel of real estate is distinct from every other parcel.Page 3