Real estate Investments / champions Exam Study Guide Solutions
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Course
Champions Real Estate
Institution
Champions Real Estate
Real estate Investments / champions
Exam Study Guide Solutions
if you are holding undeveloped land, your goal as an investment is: - ANSWER-appreciation
land is referred to as _____ because it can be seen touched - ANSWER-tangible
Formaldehyde gas is: - ANSWER-Colorless
Local governments can u...
The ________, authorized in 1954, was the first program of Urban Planning Assistance - ANSWER✔✔-
Subdivision Act
Which of the following are potentially responsible parties for clean-up costs of an environmental
problem? - 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. - ANSWER✔✔-Disposition
from which country's laws did community property stem? - ANSWER✔✔-Spain
A ______ is a written instrument by which a grantor conveys an ownership interest in real property to a
grantee - ANSWER✔✔-Deed
Which of the following would be considered a trade fixture? - ANSWER✔✔-Dentist Chair
In a lease, the landlord is referred to as the __________. - ANSWER✔✔-Lessor
The lessee in a lease agreement is also known as the ________ - ANSWER✔✔-Tenant
_____________ compensates a seller for taking a property off the market for an extended period of time
- ANSWER✔✔-Earnest Money
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