Humber/Ontario Real Estate Course 1 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 1 Exam with our comprehensive quiz. Test your understanding with multiple choice questions and detailed explanations. Build confidence and knowledge for a successful exam experience!

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Which statement is incorrect regarding real estate terminology?

Real property refers exclusively to tangible real estate without intangible rights
Chattels are moveable, while fixtures are attached to the property
Real estate includes the land, buildings, and permanent improvements
Personal property includes movable items like furniture
Real property includes both physical land and rights associated with it
Fixtures are considered part of real estate

The correct answer is: Real property refers exclusively to tangible real estate without intangible rights

The correct answer is A. Real property does not refer exclusively to tangible real estate without intangible rights. Real property includes both physical land and the rights associated with it, such as mineral rights, air rights, and water rights. Real property encompasses both the tangible (land, buildings, permanent improvements) and intangible aspects of ownership.