Exam (elaborations)
REAL ESTATE INVESTMENTS – CHAMPIONS QUIZZES & ANSWERS .
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REAL ESTATE INVESTMENTS – CHAMPIONS QUIZZES & ANSWERS .
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REAL ESTATE INVESTMENTS –CHAMPIONS QUIZZES & ANSWERS .
if, you, are, holding, undeveloped, land,, your, goal, as, an, investment, is:, , ANS, -, , appreciation
land, is, referred, to, as, _____, because, it, can, be, seen, touched, , ANS, -, , tangible
Formaldehyde, gas, is:, , ANS, -, , Colorless
Local, governments, can, use, which, of, the, following, to, enforce, subdivision, requirements?, , ANS, -, ,
Police, Power
The, time, limitation, on, deed, restrictions, is, typically, __________, due, to, changes, that, render, the,
original
restriction, irrelevant., , ANS, -, , 25-35, years
Which, of, the, following, is, a, rating, used, for, investment, opportunities?, , ANS, -, , All, of, these, are,
ratings, used, for, investment, opportunities
Which, phase, assessment, defines, the, steps, needed, to, clean, up, contaminated, areas, of, a, property?,
, ANS, -, , Phase, III, Assessment
The, ________,, authorized, in, 1954,, was, the, first, program, of, Urban, Planning, Assistance, , ANS, -, ,
Subdivision, Act
Which, of, the, following, are, potentially, responsible, parties, for, clean-up, costs, of, an, environmental,
problem?, , ANS, -, , 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., , ANS, -, , Disposition
, from, which, country's, laws, did, community, property, stem?, , ANS, -, , Spain
A, ______, is, a, written, instrument, by, which, a, grantor, conveys, an, ownership, interest, in, real,
property, to, a
grantee, , ANS, -, , Deed
Which, of, the, following, would, be, considered, a, trade, fixture?, , ANS, -, , Dentist, Chair
In, a, lease,, the, landlord, is, referred, to, as, the, __________., , ANS, -, , Lessor
The, lessee, in, a, lease, agreement, is, also, known, as, the, ________, , ANS, -, , Tenant
_____________, compensates, a, seller, for, taking, a, property, off, the, market, for, an, extended, period,
of, time, , ANS, -, , Earnest, Money
_________, is, typically, stated, as, a, monthly, charge, to, be, paid, by, the, tenant, at, the, beginning, of,
each, month, , ANS, -, , Rent
A(n), ________, is, the, legally, designated, person, who, would, be, entitled, to, receive, a, deceased,
person's
property, in, absence, of, a, will., , ANS, -, , Heir
Profit, realized, in, the, sale,, exchange, or, disposition, of, a, capital, asset, is, considered, ___________., ,
ANS, -, , Capital, Gain, Income
In, determining, capital, gains, on, inherited, property,, the, basis, of, value, generally, becomes, market,
value, as, of
______________., , ANS, -, , The, date, of, the, decedent's, death
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