Real Estate Investments / Champions Questions And Answers 100% Guaranteed Success.
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Course
Real estate Investments / champions
Institution
Real Estate Investments / Champions
Real Estate Investments / Champions Questions And Answers 100% Guaranteed Success.
if you are holding undeveloped land, your goal as an investment is: - correct answer. appreciation
land is referred to as _____ because it can be seen touched - correct answer. tangible
...
Real Estate Investments / Champions
Questions And Answers 100%
Guaranteed Success.
if you are holding undeveloped land, your goal as an investment is: - correct answer.
appreciation
land is referred to as _____ because it can be seen touched - correct answer.
tangible
Formaldehyde gas is: - correct answer. Colorless
Local governments can use which of the following to enforce subdivision requirements?
- correct answer. Police Power
The time limitation on deed restrictions is typically __________ due to changes that
render the original
restriction irrelevant. - correct answer. 25-35 years
Which of the following is a rating used for investment opportunities? - correct answer.
All of these are ratings used for investment opportunities
Which phase assessment defines the steps needed to clean up contaminated areas of
a property? - correct answer. Phase III Assessment
The ________, authorized in 1954, was the first program of Urban Planning Assistance
- correct answer. Subdivision Act
Which of the following are potentially responsible parties for clean-up costs of an
environmental problem? - correct answer. The party who transported the waste
, The right of ___________ includes the right to sell or mortgage property and the right to
determine the
duration of the ownership term. - correct answer. Disposition
from which country's laws did community property stem? - correct answer. Spain
A ______ is a written instrument by which a grantor conveys an ownership interest in
real property to a
grantee - correct answer. Deed
Which of the following would be considered a trade fixture? - correct answer. Dentist
Chair
In a lease, the landlord is referred to as the __________. - correct answer. Lessor
The lessee in a lease agreement is also known as the ________ - correct answer.
Tenant
_____________ compensates a seller for taking a property off the market for an
extended period of time - correct answer. Earnest Money
_________ is typically stated as a monthly charge to be paid by the tenant at the
beginning of each month - correct answer. Rent
A(n) ________ is the legally designated person who would be entitled to receive a
deceased person's
property in absence of a will. - correct answer. Heir
Profit realized in the sale, exchange or disposition of a capital asset is considered
___________. - correct answer. Capital Gain Income
In determining capital gains on inherited property, the basis of value generally becomes
market value as of
______________. - correct answer. The date of the decedent's death
In terms of qualifying for low-income housing tax credits, __________ means the initial
lease term extends to
6 months or more. - correct answer. Nontransient
The gross rent charged to a tenant living in low-income housing cannot exceed ____%
of the qualifying
income level for the tenant's family size - correct answer. 30
Which of the following costs of the principal residence can a homeowner deduct from
ordinary taxable
income? - correct answer. All of these costs are allowable tax deductions
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