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[Show more]©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 1 Questions With 
Correct Answers. 
Property - answerrefers to anything that can be owned or possessed 
Land - answermay include more than the earth, may also include improvements to the land 
Raw land - answerlarge land area w...
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Add to cart©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 1 Questions With 
Correct Answers. 
Property - answerrefers to anything that can be owned or possessed 
Land - answermay include more than the earth, may also include improvements to the land 
Raw land - answerlarge land area w...
Real Estate 306 Exam 1 Questions With 
Correct Answers. 
Real estate figure - answerspace consumer 
space producers 
public infrastructure 
space consumer - answerclient/user 
spaces producers - answerdevelopers, bankers, appraisers, brokers, lawyers 
public infrastructure - answercommunity (fire, p...
Preview 2 out of 9 pages
Add to cartReal Estate 306 Exam 1 Questions With 
Correct Answers. 
Real estate figure - answerspace consumer 
space producers 
public infrastructure 
space consumer - answerclient/user 
spaces producers - answerdevelopers, bankers, appraisers, brokers, lawyers 
public infrastructure - answercommunity (fire, p...
©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 1 Study Guide 100% 
Verified. 
Real Estate - answerLand and any improvements on it. Can be thought of as a bundle of legal 
rights or a bundle of assumptions. 
Commercial Real Estate - answerRefers to income-producing propertie...
Preview 1 out of 4 pages
Add to cart©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 1 Study Guide 100% 
Verified. 
Real Estate - answerLand and any improvements on it. Can be thought of as a bundle of legal 
rights or a bundle of assumptions. 
Commercial Real Estate - answerRefers to income-producing propertie...
©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 1 Terms 
Real estate has 3 definitions - answerphysical asset, rights from owning a property, the 
industry itself 
Physical asset definition - answerthe land and all permanent attachments to the land, with 
tangible vs. intang...
Preview 1 out of 3 pages
Add to cart©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 1 Terms 
Real estate has 3 definitions - answerphysical asset, rights from owning a property, the 
industry itself 
Physical asset definition - answerthe land and all permanent attachments to the land, with 
tangible vs. intang...
©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Final Exam Questions With 
Correct Answers. 
Market where tenants negotiate rent and other terms with property owners as their managers is: - 
answerthe user market 
market in which required rates of return on available investment o...
Preview 4 out of 41 pages
Add to cart©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Final Exam Questions With 
Correct Answers. 
Market where tenants negotiate rent and other terms with property owners as their managers is: - 
answerthe user market 
market in which required rates of return on available investment o...
©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Final Exam Study Guide. 
3 approaches to value - answer1. sales comparison (market) approach 
2. cost approach 
3. income approach 
sales comparison (market) approach - answer-value of RE can be determined by analyzing 
the sale pri...
Preview 3 out of 20 pages
Add to cart©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Final Exam Study Guide. 
3 approaches to value - answer1. sales comparison (market) approach 
2. cost approach 
3. income approach 
sales comparison (market) approach - answer-value of RE can be determined by analyzing 
the sale pri...
©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 1 Questions With 
Correct Answers 
A market value where tenants negotiate rent and other terms with property owners or their 
managers is referred to as a : 
a. property market 
b. user market 
c. housing market 
d. capital mar...
Preview 3 out of 17 pages
Add to cart©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 1 Questions With 
Correct Answers 
A market value where tenants negotiate rent and other terms with property owners or their 
managers is referred to as a : 
a. property market 
b. user market 
c. housing market 
d. capital mar...
©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 1 Questions With 
Correct Answers 
Real Estate - answerAn asset class, Land improvements on any land and improvements on it 
(use of leverage, inflation hedge, tangible asset, depreciates, 1031 Exchange) 
Real Estate as an Asse...
Preview 2 out of 9 pages
Add to cart©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 1 Questions With 
Correct Answers 
Real Estate - answerAn asset class, Land improvements on any land and improvements on it 
(use of leverage, inflation hedge, tangible asset, depreciates, 1031 Exchange) 
Real Estate as an Asse...
Real Estate 306 Exam 2 Questions With 
Correct Answers 
The action of taking possession of a mortgaged property when the mortgagor fails to keep up 
their payments - answerForeclosure 
A claim or legal right against assets that are typically used as collateral to satisfy a debt - 
answerLien 
a non-...
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Add to cartReal Estate 306 Exam 2 Questions With 
Correct Answers 
The action of taking possession of a mortgaged property when the mortgagor fails to keep up 
their payments - answerForeclosure 
A claim or legal right against assets that are typically used as collateral to satisfy a debt - 
answerLien 
a non-...
©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Midterm 1 Questions With 
Correct Answers 
Real estate - answerphysical asset 
anything that can be owned or possessed; RIGHTS from owning property 
if you have right of possession, you own real estate 
profession and an industry 
r...
Preview 3 out of 16 pages
Add to cart©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Midterm 1 Questions With 
Correct Answers 
Real estate - answerphysical asset 
anything that can be owned or possessed; RIGHTS from owning property 
if you have right of possession, you own real estate 
profession and an industry 
r...
©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 2 Questions With 
Correct Answers 
Police Power - answerright of government to enact laws to protect the general health, 
welfare, and safety of public 
Federal Reserve - answersets a target range to keep healthy level of unemp...
Preview 2 out of 12 pages
Add to cart©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 2 Questions With 
Correct Answers 
Police Power - answerright of government to enact laws to protect the general health, 
welfare, and safety of public 
Federal Reserve - answersets a target range to keep healthy level of unemp...
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