100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
REE 3043 REVIEW QUESTIONS WITH REVISED CORRECT ANSWERS CA$19.40   Add to cart
Quickly navigate to
Preview
  2.  
  3. REE 3043
  4.  
  5. REE 3043

Exam (elaborations)

REE 3043 REVIEW QUESTIONS WITH REVISED CORRECT ANSWERS

 6 views  0 purchase
  • Course
  • REE 3043
  • Institution
  • REE 3043

REE 3043 REVIEW QUESTIONS WITH REVISED CORRECT ANSWERS Nonrecurring Expenses - Answer-Leasing commissions, tenant improvements, retenanting expenses A project's NOI is calculated by: - Answer-deducting all expenses and allowances from the property's effective gross income The capitalization...

[Show more]

Preview 2 out of 13  pages

Document information

  • September 2, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ree 3043
  • ree 3043 review questions
  • nonrecurring expenses

Written for

  • REE 3043
  • REE 3043

Seller

avatar-seller
Perfectscorer

Reviews received

Content preview

REE 3043 REVIEW QUESTIONS WITH
REVISED CORRECT ANSWERS

Nonrecurring Expenses - Answer-Leasing commissions, tenant improvements,
retenanting expenses

A project's NOI is calculated by: - Answer-deducting all expenses and allowances from
the property's effective gross income

The capitalization rate found by dividing the NOI of a property by its selling price takes
into account investor's future cash flows - Answer-true

The allowance known as the reserve for replacements and other nonrecurring expenses
is estimated by annualizing all the costs of periodically replacing the components of
improvement that depreciation faster than the building itself, such as carpeting -
Answer-True

Discount rates are the largest component of most capitalization rates - Answer-true

Chap 18 ...... Two Types of Property - Answer-1. Real Property (real estate, land
anything permanently attatched to it)
2. Personal Property (tangible, moveable...,even intangible)

Physical real property rights - Answer-surface rights, subsurface rights, air rights, public
fly over rights

Tests to determine fixtures - Answer-Intent Test
Annexation Test
Adaptation test
Relationship-of-the-parties test

Legal Rights of Real Estate Ownership - Answer-1. The right of exclusive possession
and control- control entry to property, collect damages from tresspasses
2. The right of quiet enjoyment- legal claim to their property without unfounded
disturbances, best title than anyone else
3. The right of disposition - transfer ownership however they see fit

Real Estate - Answer-Degree of legal interest a party has in real property

Estates in severalty - Answer-only one party owns real estate.

concurrent estates - Answer-more than one owner

, freehold estates - Answer-held for an indefinite period (perpetuity)

non freehold estate - Answer-have a known duration and do not involve an ownership
interest.

fee simple absolute (fee simple) - Answer-best title, no duration, own it in perpetuity

Joint tenancy - Answer-*right of surrvivorship
unity of time
unity of title
unity of possession
unity of interest

tenancy by the entities - Answer-basically a joint tenancy between husband and wife

if parties are truly husband and wife, the estate is implied
*must be married*
one spouse cannot do anything that affects the ownership of a tenancy by the entities
such as mortgage, will, or sell any portion of the spousal interest in a tenancy by the
entireties without the other spouses consent

tenancy in common - Answer-unequal interest
have seperate titles to property
have rights that began at different periods
have equal use of property
*for business partners
*does not have right of surrvivorship, goes to their heirs

Gov role in determing property rights - Answer-police power
taxation
eminent domain
escheat

escheat - Answer-the right of government to claim ownership to your property = No
heirs and goes to the state.

easements - Answer-right to use the land of another

Easement in gross - Answer-most comon form of easement. creates rights that run with
the user because the party granted the right must use the land for a specefic purpose
(utilities)

easement appurtenant - Answer-rights that run with the land

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Perfectscorer. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$19.40. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75759 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$19.40
  • (0)
  Add to cart