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Donaldson RE Natl final Correct Questions & Answers (GRADED A+)
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A real estate development corporation purchased land for a condominium project. The corporation most likely took title to the land A. as a general partnership. B. as a joint tenant. C. In severalty. D. as a syndication. - ANSWERD. as a syndication. Pulls funds for the development of projects ...

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  • October 7, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
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  • donaldson re natl final correct questions answer
  • donaldson re natl stuvia 2024
  • a real estate development corporation purchased la
  • man made markers such as a steel rod or concrete p

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Donaldson RE Natl final Correct Questions &
Answers (GRADED A+)


A real estate development corporation purchased land for a condominium project. The corporation
most likely took title to the land

A. as a general partnership.

B. as a joint tenant.

C. In severalty.

D. as a syndication. - ANSWERD. as a syndication.

Pulls funds for the development of projects



Man made markers such as a steel rod or concrete post may be part of what type of legal
description?

A. Metes and Bounds

B. Subdivision System

C. Lot & Block

D. Government Survey System - ANSWERA. Metes and Bounds



Which of the following is an economic characteristic of land?

A. Non-homogeneity

B. Indestructibility

C. Immobility

D. Situs - ANSWERD. Situs



If an unmarried couple wished to purchase a home together and have the right of survivorship,
which form of ownership would they choose?

Select one:

A. Tenancy at Will

,B. Joint Tenancy

C. Tenancy in Common

D. Tenancy by the Entirety - ANSWERB. Joint Tenancy



The process of taking property while providing just compensation is called:

Select one:

A. escheat.

B. eminent domain.

C. police power.

D. condemnation. - ANSWERD. condemnation.



CC&Rs can be recorded by whom?

Select one:

A. Only by subdivision developers.

B. Only by the civil sheriff.

C. Only for one year at a time and must be renewed.

D. By any property owner, usually the developer or current owner of the subdivision. - ANSWERD. By
any property owner, usually the developer or current owner of the subdivision.



Zoning regulations and decisions are usually handled by:

Select one:

A. towns and cities.

B. the federal government.

C. the state government.

D. the courts. - ANSWERA. towns and cities.



Which of the following is most likely used in the cost approach?

Select one:

A. future value of residential comparable property

B. original cost of building or improvement

C. a competitive market analysis

, D. estimating cost of building using today's cost - ANSWERD. estimating cost of building using today's
cost



The Principal of Substitution is most directly illustrated in the ______________________ to value by
valuing a subject by comparing it to recently sold equivalent properties and the price they sold for.

Select one:

A. the Cost Approach

B. the Market Price method

C. the Income Approach

D. the Sales Comparison Approach - ANSWERD. the Sales Comparison Approach



Which of the following types of depreciation is generally incurable?

Select one:

A. Physical deterioration

B. Physical depreciation

C. Economic obsolescence

D. Functional obsolescence - ANSWERC. Economic obsolescence



You are appraising a property in which seller motivation is a significant factor. The motivation would
be most important in utilizing which of the following?

Select one:

A. Gross rent multiplier method

B. Cost approach

C. Sales comparison approach

D. Income approach - ANSWERC. Sales comparison approach



The actual price paid for property as a result of a sale is known as its:

Select one:

A. market value.

B. appraised value.

C. market price.

D. cost. - ANSWERC. market price.

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