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Real Estate 306 Midterm 1; Questions and Answers 100% Correct $14.99   Add to cart

Exam (elaborations)

Real Estate 306 Midterm 1; Questions and Answers 100% Correct

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  • Course
  • Real Estate 306
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  • 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...

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  • August 8, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate 306
  • Real Estate 306
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GOLDTUTORS
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

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