Real estate ree 3043 Study guides, Class notes & Summaries

REE 3043 Exam 1 Questions and Revised Answers All Correct Which of the following is not correct regarding Timeshares? - Answer-They are a great financial investment. Leases typically transfer to the tenant, all the rights of the owner, except which of the following? - Answer-Disposition. Which of these liens has the highest priority? - Answer-Property tax lien What are the laws called that require that a document which conveys an interest in real property be placed in the public rec...

REE 3043 Exam 5 Questions and Answers All Correct Many investors use mortgage debt to help finance capital investment for income-producing real estate. In doing so, the owner will receive income as long as the property produces enough income to cover all operating and capital expenditures, the mortgage payment, and all state and federal income taxes. Therefore, the owner's claim is commonly referred to as a A. primary claim. b. joint claim. C. residual claim. D. superior claim. - Answ...

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

REE 3043 TEST QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+ B. Market rent - Answer-The rent that can be obtained when leasing a property in an open and competitive market? a. contract rent b. market rent c. fair rent d. justifiable rent A. Periodic income and Appreciation - Answer-Income properties are purchased by investors who desire primarily to receive? a. periodic income and appreciation b. prestige and prominence in a community c. taxdeductions d. the locational benefits associated...

REE 3043 FINAL EXAM WITH VERIFIED QUESTIONS AND ANSWERS ALL UPDATED Equitable title to real estate is: - Answer-The right to obtain legal title conveyed by the contract for sale Since the issues in many transactions are similar, brokers often use standard preprinted contract forms. Generally, the best standard form contracts are those prepared and approved by which of the following parties? - Answer-Local Board of Realtors When contracts for the sale of real property are placed with with ...

REE 3043 TEST 2 QUESTIONS WITH VERIFIED ANSWERS – UPDATED!!! Which of the following statements is least correct? - Answer-Urban land use patterns have no influence on real estate location patterns. Which of the following is not correct regarding Timeshares? - Answer-they are great financial investments What is the main determinant of the hierarchy of central place patterns? - Answer- Population required for market The economic base multiplier of a city tends to be greater if the city...

REE 3043 EXAM 1 QUESTIONS WITH REVISED ANSWERS A large university is an example of what kind of economic phenomenon? - Answer- Industry economies of scale. A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a: - Answer--User market Because of the heterogeneity and immobility of real estate assets, the market for evaluating, producing, buying, selling, leasing and managing real estate tends to be characterized as: - Answer--Locali...

REE 3043 EXAM 2 QUESTIONS WITH CERTIFIED ANSWERS A statement by a real estate investment trust that it invests only in apartment buildings that are larger than 50 units and less than 10 years old is an example of an investment: - Answer-D. Policy statement The rent that can be obtained when leasing a property in an open and competitive market is termed: - Answer-Market Rent Income properties are purchased by investors who desire primarily to receive: - Answer- A. periodic income and appr...

REE 3043 Exam 3 QUESTIONS WITH ALL CORRECT ANSWERS Cities with industry economies tend: - Answer-to be more resistant to economic downturns due to cost advantages. What is the effective tax rate based on the following information: Taxes paid = $5,363 Market value of property = $425,000 Assessed value of property (after exemptions) = $325,000 - Answer-1.26% Which of the following statements is (are) correct regarding Government use of its power of Eminent Domain? - Answer-All of th...