Illinois Real Estate Practice Exam

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Prepare for the Illinois Real Estate Test. Practice with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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In real estate, what is the term for objects that are considered real estate?

Conventional Life Estate
Life Estate
Remainder interest
Fixtures

The correct answer is: Fixtures

The correct choice is fixtures. Fixtures refer to items that were once personal property but have been attached to a property in such a way that they are now considered part of the real estate. For example, light fixtures, built-in cabinets, and plumbing systems are all integrated into the property and hence qualify as fixtures. When selling or transferring real estate, it is important to clarify which fixtures are included in the transaction, as they represent significant value and are typically expected to remain with the property. Conventional life estates, life estates, and remainder interests pertain to different forms of property ownership and rights but do not define objects that are integrated into real estate. These terms relate more to the legal aspects of property use and ownership rather than to the physical attributes of the property itself.