REE 3043 Exam 1 Quiz Questions And Answers 100% Pass
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Course
REE 3043
Institution
REE 3043
REE 3043 Exam 1 Quiz Questions And
Answers 100% Pass
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. Streets
C. Sewer systems
D. Walkways - answerA. Fences
Real estate is property, which c...
REE 3043 Exam 1 Quiz Questions And
Answers 100% Pass
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. Streets
C. Sewer systems
D. Walkways - answer✔A. Fences
Real estate is property, which can either be a tangible or intangible asset. Which of the following
would be considered and intangible asset?
A. Motor home
B. Mortgage
C. Land
D. Building - answer✔B. Mortgage
When the value of land is considered, it is important to distinguish between land and raw land.
Raw land refers to a(n):
A. Structure on the land
B. Building site
C. Area that does not include any improvements
D. Property's infrastructure - answer✔C. Area that does not include and improvements
The demand for real estate derives from the need that participants in the user market have for
shelter and convenient access to other locations. The primary participants in the user market
include all of the following except:
A. Renters
B. Pension fund managers
C. Owner occupants
D. Tenants - answer✔B. Pension fund managers
A market where tenants negotiate rent and other terms with property owners or their managers is
referred to as a:
A. Housing market
B. Capital market
C. User market
D. Property market - answer✔C. User market
The actions of local, state, and federal governments affect real estate values
A. Primarily through user markets
B. Primarily through capital markets
C. Primarily through their taxation policies
D. Through all the above - answer✔D. Through all the above
What portion of households own their house?
A. 1/2
B. 2/3
C. 1/3
D. 1/4 - answer✔B. 2/3
Of the following asset categories, which class has the greatest aggregate market value?
A. Mortgage debt
B. Corporate equities
C. Nongovernment real estate
D. Government debt - answer✔C. Nongovernment real estate
Storm water drainage systems are best described as:
A. Improvements on the land
B. Intangible assets
C. Improvements to the land
D. Tangible assets - answer✔C. Improvements to the land
What is the single largest asset category in the portfolio of a typical U.S. household?
A. Consumer durables
B. Stocks
C. Bonds
D. Housing - answer✔D. Housing
Real estate markets differ from other asset classes by having all of the characteristics except:
A. Segmented market
B. High transaction costs
C. Local market
D. Homogeneous product - answer✔D. Homogeneous product
Which of the following is the least important to the location of commercial properties?
A. Access to schools
B. Access to customers
C. Visibility
D. Availability of communications infrastructure - answer✔A. Access to schools
Which of the following is not a form of real property right?
A. Leasehold
B. License
C. Easement
D. Lien - answer✔B. License
Which of these easements is most likely to be an easement in gross?
A. Driveway easement
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