Real Estate 306 Midterm 1; Questions and Answers 100% Correct
10 views 0 purchase
Course
Real Estate 306
Institution
Real Estate 306
Real Estate 306 Midterm 1; Questions and
Answers 100% Correct
Property Correct answer-Anything that can be owned or possessed
Tangible Assets Correct answer-Physical things, such as automobiles, clothing, land, or
buildings
Intangible assets Correct answer-Nonphysical and include contractual...
Real Estate 306 Midterm 1; Questions and
Answers 100% Correct
Property Correct answer-Anything that can be owned or possessed
Tangible Assets Correct answer-Physical things, such as automobiles, clothing, land, or
buildings
Intangible assets Correct answer-Nonphysical and include contractual rights (mortgage
and lease agreements), financial claims, interests, patents, or trademarks
Real Estate Correct answer-The land and its permanent improvements
Improvements on the land Correct answer-Any fixed structures such as buildings, fences,
walls, and decks
Improvements to the land Correct answer-The components necessary to make the land
suitable for building construction or other uses
Land Correct answer-Earth + improvements to the land
Raw Land Correct answer-Larger area that does not include any improvements
Real Property Correct answer-Same as real estate
, Real Estate 306 Midterm 1; Questions and
Answers 100% Correct
Personal Property Correct answer-Things that are movable and not permanently affixed
to the land
Acre Correct answer-43,560 ft / 206 square ft / 640 acres in 1 square mile
User Markets Correct answer-Characterized by competition amongst users for physical
locations and space
Capital Markets Correct answer-Allocate financial resources among households and firms
requiring funds (Equity Interests / Debt Interests)
Property Markets Correct answer-Determine the required property-specific investment
returns, property values, capitalization rates, and construction feasibility
Capitalization Rate Correct answer-Ratio of a property's annual net income to its value
Investment-grade properties Correct answer-More valuable commercialized properties,
generally well over $10 million
Personal Rights Correct answer-(Personal freedoms) from Constitution / Bill of Rights
, Real Estate 306 Midterm 1; Questions and
Answers 100% Correct
Property Rights Correct answer-Rights to things both tangible and intangible (Possession,
Use, Disposition)
Real Property Correct answer-Rights in land and its permanent structures
Personal Property Correct answer-Rights in any other kind of object, including intellectual
rights
Interests Correct answer-Name for bundles of rights
Estates Correct answer-Interests in real property that include possession (Complete
bundle called Fee Simple Absolute)
Freeholds Correct answer-Titled interests we commonly think of as ownership
Fee Simple Absolute Correct answer-Most complete bundle of rights possible, has
greatest value
Fee Simple Conditional Correct answer-Ownership is subject to a condition or trigger
event
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 GOLDTUTORS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.