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2024 CONTEMPORARY REAL ESTATE LAW TEST BANK EDITION 2 WITH REAL QUESTIONS AND WELL VERIFIED CORRECT ANSWERS [GRADED A+] //REAL ESTATE LATEST EDITION 2024/2025$20.99
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2024 CONTEMPORARY REAL ESTATE LAW TEST BANK EDITION 2 WITH REAL QUESTIONS AND WELL VERIFIED CORRECT ANSWERS [GRADED A+] //REAL ESTATE LATEST EDITION 2024/2025
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2024 CONTEMPORARY REAL ESTATE LAW T
Institution
2024 CONTEMPORARY REAL ESTATE LAW T
2024 CONTEMPORARY REAL ESTATE LAW
TEST BANK EDITION 2 WITH REAL
QUESTIONS AND WELL VERIFIED CORRECT
ANSWERS [GRADED A+] //REAL ESTATE
LATEST EDITION 2024/2025
Capital markets can be divided into four main categories: private equity, public
equity, private debt, and public debt. An examp...
2024 CONTEMPORARY REAL ESTATE LAW
TEST BANK EDITION 2 WITH REAL
QUESTIONS AND WELL VERIFIED CORRECT
ANSWERS [GRADED A+] //REAL ESTATE
LATEST EDITION 2024/2025
Capital markets can be divided into four main categories: private equity, public
equity, private debt, and public debt. An example of a real estate asset that trades
in the private equity market is:
A. real property
B. home mortgages
C. equity REITs
D. mortgage backed securities - ANSWER-Real property
Modern real estate brokerage normally relies on a multiple listing service (MLS)
through which brokers have access to each other's listings. Which of the following
types of agency agreements is established with the use of a MLS?
A. Single agency agreement
B. Sub agency agreement
C. Dual agency agreement
D. Designated agent agreement - ANSWER-Sub agency agreement
,It is common for real estate firms to identify submarkets, such as property types or
particular sections of a city, in which they can specialize and concentrate their
transaction activity. This practice is referred to as:
A. internet marketing
B. open listing
C. discount brokerage
D. market segmentation - ANSWER-market segmentation
Blockbusting, which involves persuading an individual to sell her home by telling
her that minority groups are moving into the neighborhood, is one form of
discrimination in housing that is prohibited by which of the following acts of
Congress?
A. Riegle Community Development and Regulatory Improvement Act
B. Secure and Fair Enforcement for Mortgage Licensing Act
C. Fair Housing Act (Title VIII of the Civil Rights Act)
D. Equal Credit Opportunity Act - ANSWER-Fair Housing Act (Title VIII of the
Civil Rights Act)
The recent emergence of discount brokerage services has had a modest effect on
the price of brokerage services. The average commission that a broker could expect
to receive today would most likely range between:
A. 1-2%
B. 3-4%
C. 5-6%
D. 7-10% - ANSWER-. 5-6%
,According to the law of agency, real estate brokers are required to observe several
duties as they act as an agent for an individual trying to buy or sell a property.
Which of the following duties refers to a broker's obligation to be completely open
and honest with the principal?
A. Disclosure
B. Confidentiality
C. Loyalty
D. Obedience - ANSWER-A. Disclosure
The distinction between legal title and equitable title is an important concept in the
contract for sale of real estate. When the buyer obtains equitable title, the seller can
no longer sell the property to someone else, even though the legal title has not
officially passed on. In the contract for sale process, the creation of equitable title
occurs when:
A. The contract for sale is written.
B. The contract for sale is signed.
C. The contract terms are orally agreed upon.
D. Each party is deemed legally competent. - ANSWER-The contract for sale is
signed.
Primarily through land use controls and property tax policy, which of the following
branches of government has the largest influence on real estate values?
A. Local government
B. State government
C. National government
D. Foreign government - ANSWER-Local government
, Competition for the currently available supply of locations and space coupled with
the existing supply of leasable space, determines:
A. the current level of rental rates for each submarket and property
B. the riskiness of the expected cash flows of an income-producing property
C. the timing of the expected cash flows of an income-producing property
D. the cost of financing the purchase of a property - ANSWER-The current level of
rental rates for each submarkets and property
Each property has unique features, whether it is its age, the building design of its
structures, or its location. As such, real estate markets consist of assets that are
considered:
A. homogeneous
B. heterogeneous
C. substitutes
D. complements - ANSWER-Heterogeneous
Consistently the investment target of pension funds, publicly traded real estate
companies, and real estate funds, large commercial properties valued well over $10
million are often referred to as:
A. segmented property
B. investment-grade property
C. speculative-grade property
D. immobile property - ANSWER-investment grade property
When viewed as a tangible asset, real estate can be defined as the land and its
permanent improvements. Improvements on the land include
A. fences
B. walkways
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