Real Estate 306 Exam 1 Questions With
Correct Answers
A market value where tenants negotiate rent and other terms with property owners or their
managers is referred to as a :
a. property market
b. user market
c. housing market
d. capital market - answer✔✔b. user market
The market in which required rates of return on available investment opportunities are
determined is referred to as the :
a. property market
b. user market
c. housing market
d. capital market - answer✔✔d. capital market
The actions of local, state, and federal governments affect real estate values:
a. primarily through user markets
b. primarily through the capital markets
c. primarily through their taxation policies
d. Through all of the above - answer✔✔d. through all of the above
What portion of households owns their house:
d. 1/4 - answer✔✔b. 2/3
Of the following asset categories, which has the greatest aggregate market value?
a. corporate equities
b. mortgage debt
c. government debt
d. nongovernment real estate - answer✔✔d. nongovernment real estate
What is the single largest asset category in the portfolio of a typical US household?
a. housing
b. consumer durables
c. stocks
d. bonds - answer✔✔a. housing
Real estate markets differ from other asset classes by having all of the following characteristics
except:
a. local market
b. high transaction costs
c. segmented market
d. homogenous product - answer✔✔d. homogenous product
Which of the following is not important to the location of commercial properties?
a. access to customers
b. visibility
c. access to schools
d. financing - answer✔✔c. location
Which of the following is not a form of property right?
a. lien
b. easement
c. leasehold
d. license
e. mineral rights - answer✔✔d. license
Which of these easements is most likely to be an easement in gross?
a. common wall easement
b. driveway easement
c. drainage easement
d. power line easement
e. sunlight easement - answer✔✔d. power line easement
Rules used by courts to determine whether something is a fixture include all except:
a. intention of the parties
b. manner of attachment
c. law of capture
d. character of the article and manner of adaptation
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