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Real estate Investments _ champions
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Real estate Investments _ champions
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Real estate Investments / championsif you are holding undeveloped land, your goal as an investment is: - CORRECT
ANSWER-appreciation
land is referred to as _____ because it can be seen touched - CORRECT
ANSWER-tangible
Formaldehyde gas is: - CORRECT ANSWER-Colorless
Local governments can use which of the following to enforce subdivision
requirements? - CORRECT ANSWER-Police Power
The time limitation on deed restrictions is typically __________ due to changes
that render the original
restriction irrelevant. - CORRECT ANSWER-25-35 years
Which of the following is a rating used for investment opportunities? - CORRECT
ANSWER-All of these are ratings used for investment opportunities
Which phase assessment defines the steps needed to clean up contaminated
areas of a property? - CORRECT ANSWER-Phase III Assessment
The ________, authorized in 1954, was the first program of Urban Planning
Assistance - CORRECT ANSWER-Subdivision Act
Which of the following are potentially responsible parties for clean-up costs of an
environmental problem? - CORRECT ANSWER-The party who transported the
waste
The right of ___________ includes the right to sell or mortgage property and the
right to determine the
duration of the ownership term. - CORRECT ANSWER-Disposition
from which country's laws did community property stem? - CORRECT
ANSWER-Spain
, A ______ is a written instrument by which a grantor conveys an ownership
interest in real property to a
grantee - CORRECT ANSWER-Deed
Which of the following would be considered a trade fixture? - CORRECT
ANSWER-Dentist Chair
In a lease, the landlord is referred to as the __________. - CORRECT
ANSWER-Lessor
The lessee in a lease agreement is also known as the ________ - CORRECT
ANSWER-Tenant
_____________ compensates a seller for taking a property off the market for an
extended period of time - CORRECT ANSWER-Earnest Money
_________ is typically stated as a monthly charge to be paid by the tenant at the
beginning of each month - CORRECT ANSWER-Rent
A(n) ________ is the legally designated person who would be entitled to receive
a deceased person's
property in absence of a will. - CORRECT ANSWER-Heir
Profit realized in the sale, exchange or disposition of a capital asset is considered
___________. - CORRECT ANSWER-Capital Gain Income
In determining capital gains on inherited property, the basis of value generally
becomes market value as of
______________. - CORRECT ANSWER-The date of the decedent's death
In terms of qualifying for low-income housing tax credits, __________ means the
initial lease term extends to
6 months or more. - CORRECT ANSWER-Nontransient
The gross rent charged to a tenant living in low-income housing cannot exceed
____% of the qualifying
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