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
REAE 3325 Test 1 Questions and Answers 100% Correct $11.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. REAE 3325
  4.  
  5. REAE 3325

Exam (elaborations)

REAE 3325 Test 1 Questions and Answers 100% Correct
 0 purchase
  • Course
  • REAE 3325
  • Institution
  • REAE 3325

REAE 3325 Test 1 Questions and Answers 100% CorrectREAE 3325 Test 1 Questions and Answers 100% CorrectREAE 3325 Test 1 Questions and Answers 100% CorrectREAE 3325 Test 1 Questions and Answers 100% Correct Real estate is property, which can be either a tangible or an intangible asset. Which of the ...

[Show more]

Preview 2 out of 5  pages

Document information

  • October 28, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • reae 3325 test 1 questions and answers 100 correc
  • reae 3325 test 1 questions and answers stuvia

Written for

  • REAE 3325
  • REAE 3325

Seller

avatar-seller
NursingTutor1

Reviews received

Content preview

REAE 3325 Test 1 Questions and
Answers 100% Correct
Real estate is property, which can be either a tangible or an intangible asset. Which of
the following would be considered an intangible asset? - ANSWER-Mortgage

The expected stream of rental income is capitalized into value by converting expected
future cash flows into present value through a process called: - ANSWER-discounting

As of 2011, the single largest asset category in the net worth portfolios of households is:
- ANSWER-housing

Primarily through land use controls and property tax policy, which of the following
branches of government has the largest influence on real estate values? - ANSWER-
Local government

Real estate values derive from the interaction of three different sectors in the economy.
Which of the following sectors serves to allocate financial resources among households
and firms requiring funds? - ANSWER-Capital market

Real Estate can be defined as - ANSWER-Land and things attached to it

Nonposessory interests (i.e. bundles of real property rights that do not include
possession) include all of the following EXCEPT: - ANSWER-leasehold interests

A fixture is an object that formerly was personal property but has become real property.
Of the following four rules for determining whether an object has become a fixture,
which is the most dominant (i.e. if there is a conflict, which rule prevails)? - ANSWER-
Intention of the parties

Which of the following types of ownership estates is the most complete bundle of rights,
and therefore carries the greatest value? - ANSWER-Fee simple absolute

Which of the following is an example of a negative easement appurtenant? - ANSWER-
A scenic easement used to restrict construction on adjacent parcels so as to preserve a
valued view.

A deed is a special form of written contract used to convey a permanent interest in real
property. Unlike most contracts, a deed requires: - ANSWER-only the grantor to be
legally competent and of legal majority age.

, A lien is an interest in real property that serves as security for an obligation. Which of
the following is an example of a general lien? - ANSWER-Lien arising from a court
judgment unrelated to ownership of the property

Which of the following types of direct co-ownership combines single person ownership
with tenancy in common? - ANSWER-Condominium

The type of deed offered by the grantor is communicated through a phrase such as
"does herby grant, bargain, sell and convey unto . . ." This clause is referred to as the: -
ANSWER-words of conveyance

A major problem in buildings constructed prior to the early 1970's, which of the following
environmental hazards commonly associated with insulation has been the focus of
costly cleanups at many public buildings, especially schools? - ANSWER-Asbestos

A traditional zoning ordinance includes all of the following EXCEPT: - ANSWER-
Performance standards

The right of government to acquire private property, without the owner's consent, for
public use in exchange for just compensation is referred to as: - ANSWER-eminent
domain

One of the most important requirements of a land description is for it to be
unambiguous. Which of the following methods of property description is the most
unambiguous and is appropriate for use in legal documents? - ANSWER-Metes and
bounds

Although deeds can only deliver what a grantor actually owns, they can still vary in
"quality." Which of the following types of deeds is considered to be the "highest quality"
because it contains the full set of legal promises the grantor can make? - ANSWER-
General warranty deed

In constructing a market-defining "story," it is helpful to answer a series of fundamental
questions around which analysis can be built. Which of the following questions is
designed to identify the target market? - ANSWER-Who are the customers?

Which value approach can be best described as determining the construction cost of a
house, subtracting depreciation and adding the site value? - ANSWER-Cost approach


Unlike other forms of evidence of title, title insurance guards the grantee against certain
risks. However, there are a number of important limits to title insurance. Which of the
following is an example of the limits to title insurance? - ANSWER-It does not protect
the grantee from the threat of physical damage to the property.

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 NursingTutor1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.99. 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
$11.99
  • (0)
Add to cart
Added