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Real Estate 306 Final Exam; Questions and Answers 100% Correct $24.49   Add to cart

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Real Estate 306 Final Exam; Questions and Answers 100% Correct

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  • Course
  • Real Estate 306
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  • Real Estate 306

Real Estate 306 Final Exam; Questions and Answers 100% Correct market where tenants negotiate rent and other terms with property owners as their managers is: Correct answer-the user market market in which required rates of return on available investment opportunities is: Correct answer-the ...

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  • August 8, 2024
  • 74
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate 306
  • Real Estate 306
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GOLDTUTORS
Real Estate 306 Final Exam; Questions and
Answers 100% Correct
market where tenants negotiate rent and other terms with property owners as their managers
is: Correct answer-the user market




market in which required rates of return on available investment opportunities is: Correct
answer-the capital market




the actions of local, state and federal governments affect real estate values: Correct
answer-through user markets, capital markets and taxation




what portion of households own their house? Correct answer-2/3




which asset category has the highest market value? Correct answer-non-gov't real estate




storm water drainage systems best described as: Correct answer-improvements to the
land




single largest asset category in portfolio of typical U.S. household? Correct answer-
housing




real estate markets differ from other asset classes in that they're: Correct answer--
localized

-high transaction costs

, Real Estate 306 Final Exam; Questions and
Answers 100% Correct
-segmented

-heterogenous




which attribute of a home is most difficult to observe & value? Correct answer-location
attributes




rules to determine whether something is a fixture Correct answer-intention of parties

manner of attachment

character of article/manner of adaption

relation of the parties




ownership/freehold estates: Correct answer-indefinite in length, titled complete:

fee simple absolute

fee simple conditional

ordinary life estate & remainder

legal life estate




fee simple conditional Correct answer-ownership subject to condition/trigger event




legal life estate Correct answer-created by action of law, meant to protect families but
creates problems

, Real Estate 306 Final Exam; Questions and
Answers 100% Correct

nonownership/nonfreehold/leasehold estates Correct answer-limited in time, no right to
disposition, not titled interests:

tenancy for years, periodic tenancy, tenancy at will, tenancy at sufferance




tenancy for years Correct answer-must have written formal lease to be enforceable




periodic tenancy Correct answer-no definite term at the start, oral & informal, length of
period implied by payment period, more risk




tenancy at will Correct answer-agreement that tenant will stay beyond end of lease until
they or landlord gives notice

suits if building being sold or renovated in near future




tenancy at sufferance Correct answer-tenant is supposed to leave but doesn't

not trespassing until landlord accepts a rental payment




nonpossessory interests Correct answer-bundles of real property rights that don't include
possession:

easements

restrictive covenants

liens

, Real Estate 306 Final Exam; Questions and
Answers 100% Correct

easement Correct answer-right to use land for specific and limited purpose




easements appurtenant Correct answer-servient parcel gives up benefit to dominant
parcel, that benefit becomes permanent & inseperable feature of both parcels




2 docs borrow must always create in a mortgage loan Correct answer-note & deed of
trust (mortgage)




note Correct answer-defines exact terms & conditions of loan




actual interest charged/month on RE loans = Correct answer-annual stated contract
interest rate / 12 x the beginning of the month balance




ARM Correct answer-mortgage w/ adjustable interest rate




index rate Correct answer-market determined interest rate "moving part" in ARM




most common index rates Correct answer-1. U.S. treasury constant maturity rate (1 yr in
maturity)

2. cost-of-funds index (for depository lenders)

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