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 EXAM 1 Questions With Revised Answers $11.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. REE 3043
  4.  
  5. REE 3043

Exam (elaborations)

REE 3043 EXAM 1 Questions With Revised Answers
 0 purchase
  • Course
  • REE 3043
  • Institution
  • REE 3043

the role of Real Estate in our economy except: - answerReal Estate generates only 20% of local government revenue (property tax). Real Estate as a tangible asset includes all of the following except: - answerA mortgage Approximately what portion of U.S. households owns their own home? - answerA...

[Show more]

Preview 2 out of 10  pages

Document information

  • September 8, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ree 3043 exam 1 questions with revised answers

Written for

  • REE 3043
  • REE 3043

Seller

avatar-seller
Brightstars

Reviews received

Content preview

©THEBRIGHTSTARS 2024



REE 3043 EXAM 1 Questions With Revised
Answers


Which is NOT a method the federal government uses to influence the real estate market? -
answer✔✔Through zoning regulation
Real estate markets differ from other asset classes by having all of the following characteristics
except: - answer✔✔homogeneous
All of the following statements define the role of Real Estate in our economy except: -
answer✔✔Real Estate generates only 20% of local government revenue (property tax).

Real Estate as a tangible asset includes all of the following except: - answer✔✔A mortgage
Approximately what portion of U.S. households owns their own home? -
answer✔✔Approximately two-thirds.
The most common form of legal description for urban residential property is the: -
answer✔✔Plat lot and block number
The total value of owner-occupied housing and investible commercial real estate in the United
States is estimated to be approximately: - answer✔✔31 trillion

Land without any improvements is sometimes called - answer✔✔raw land

Judgment liens may be nullified by the direct co-ownership form of : - answer✔✔tenancy by the
entirety.

Designating a principal residence as a homestead: - answer✔✔usually creates automatic
protection of the residence from general liens up to some limit.

Lien Priority in real estate is significant because of: - answer✔✔the "all or nothing" treatment of
creditors in the event of a property sale.
Which type of ownership combines estate in severalty and tenancy in common? -
answer✔✔Condominium

, ©THEBRIGHTSTARS 2024


The Flying J Ranch is running out of room for their cows. They ask the property owner adjacent
to their land if they can lease 500 acres for the next ten years. Upon signing the lease, Flying J
Ranch erects 20,000 feet of fence on the property to contain their cows. At the end of the lease,
Flying J decides not to renew the lease. According to the four rules for fixtures, who owns the
fence and why? - answer✔✔The Flying J Ranch, because all agriculture fixtures belong to the
tenant.
Which of the following marriage-related forms of co-ownership gives the surviving spouse, one-
third life estate in real property, but ignores personal property wealth, of the decedent? -
answer✔✔dower/curtesy
Which type of home ownership involves the corporation owning title to all land and
improvements, while each individual owner holds shares in the corporation and a proprietary
lease to their respective unit? - answer✔✔Cooperative
Leases typically transfer to the tenant, all the rights of the owner, except which of the following?
- answer✔✔Disposition
What are the laws called that require that a document which conveys an interest in real property
be placed in the public records to be binding on the public? - answer✔✔recording statues
The method of "legal descriptions" which has been deemed NOT sufficiently accurate and
durable for legal documents is: - answer✔✔acre observation
Involuntary conveyance of property without a deed, which can occur when others use the
property in a manner hostile to the owner's interest, involving actual natural use, which is open
and notorious, continuous and exclusive is called: - answer✔✔adverse possession
_______________ is characterized by development well beyond the boundary of a municipality
causing a disproportional cost of providing municipal and utility services to the new
development, thereby causing an increased tax burden on the property owners within the
municipality. - answer✔✔urban sprawl

Elements of traditional zoning include all except: - answer✔✔performance standards
The authority for approving site plans for large projects ultimately rests with the: -
answer✔✔city council commission
Jeff owns 150 acres between a highway and a public beach. The state would like to build a road
directly from the highway to the beach across Jeff's property. The space for this road would be
considered: - answer✔✔easement in gross

Each quadrant of a section: - answer✔✔160 acres

Which term describes taxes based on the value of the property? - answer✔✔ad volerem

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 Brightstars. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67479 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$11.49
  • (0)
Add to cart
Added