What best describes personal property transformed into real property? {Ans: CORRECT ANSWER: actual annexation Constructive annexation occurs when property is so closely related to real property that the law treats it as such, even though it is not physically attached. The fixture is the item that was transformed. Actual annexation is a physical attachment of personal property to land. Trade fixtures are equipment a tenant can remove and, thus, not real property.}The terms "agency" and "agency relationship" are defined by Ohio law as the relationship between a real estate licensee and the {Ans: CORRECT ANSWER: person the licensee represents}The power to set continuing education standards is vested with {Ans: CORRECT ANSWER: the Ohio Real Estate Commission The Ohio Real Estate Commission is vested with the power to set licensing exam standards and continuing education standards. The Superintendent reports to the Commission, and is charged with administering license laws.}Ben has been given revocable permission to hunt on his neighbor's land. Which does Ben have? {Ans: CORRECT ANSWER: license An encroachment is an object on someone else's land. A leasehold estate is how the law describes the landlord and tenant relationship. An easement is a right to use