Real estate ree 3043 exam Study guides, Class notes & Summaries

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 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...

REE 3043 EXAM 1 CURCIO QUESTIONS WITH REVISED AND UPDATED ANSWERS What two elements are involved in every real estate investment decision? - Answer- Initial cost and value of future benefit Approximately what portion of U.S. households owns their own home? - Answer- Approximately 2/3 A neighborhood association was formed to improve the community. They built parks, bike paths, landscaped the entrance and invited entertainers to perform at the 4th of July celebrations. All of this has ...

©THEBRIGHTSTARS 2024 REE 3043 EXAM 1 Questions With Revised Answers When viewed as a tangible asset, real estate can be defined as the land and its permanent improvements. Improvements on the land include: a. fences b. sewer systems c. walkways d. streets - answerfences Real estate is property, which can be either a tangible or an intangible asset. Which of the following would be considered an intangible asset? a. Land b. Building c. Motor home d. Mortgage - answerMortgage When t...

REE 3043 Exam Questions With Correct Answers Portfolio Manager - answerAdvise. Asset acquisition, renovation, sale decisions affect owner's portfolio.;Asset Manager - answerAnalyze. Advise. Asset acquisition, renovation, sale decisions affect owner's portfolio affect asset's price or expected return. Property investment values or expected returns. Hiring property manager. Maintenance and prop conditions;Property Managers - answerThe day to day operations of the assets. Rent collection...

REE 3043 Exam 1 Questions With Revised Answers Which methods does the federal government use to influence the real estate market? - answerincome tax incentives, fair housing laws, granting housing subsidies The term "real estate" is used in three fundamental ways. These include all of the following EXCEPT : - answerto identify all types of property. Which of the following statements define the role of Real Estate in our economy? - answerAll of these statements are correct. What two ele...

REE 3043 Exam 1 Questions With Revised Answers Chapter 1: Real Estate Perspectives Scarcity - answerEconomists suggest that the value of something results from its utility and? a. usefulness b. demand c. price d. scarcity Urban economics - answerA branch of economics that extends the basic ideas of the early classical and neoclassical economists to better understand and predict how humans use space is termed? a. spatial economics b. city economics c. urban economics d. building eco...

Ree 3043 Exam Questions With Correct Answers Economists suggest that the value of something results from its utility and: - answerScarcity A branch of economics that extends the basic ideas of the early classical and neoclassical economists to better understand and predict how humans use space is termed: - answerUrban economics Formals arrangements and associations that members of society make to support fundamental economics and social activities are referred to, in the text as - answeri...