Ree 3043 exam 1 questions Study guides, Class notes & Summaries

REE 3043 EXAM 1 CURCIO QUESTIONS WITH REVISED AND UPDATED ANSWERS The total value of owner-occupied housing and investible commercial real estate in the United States is estimated to be approximately: - Answer-$26 trillion Judgment liens against an owner of real estate may be nullified or limited by: - Answer-State laws governing homesteads In Florida, designating a principal residence as a homestead: - Answer-Protects the residence from bankruptcy sale Lien Priority in real estate is...

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 T/F An investment philosophy outlines mainly whether the real estate investor will be an active or passive investor. - Answer-True T/F The rental rate specified in the lease contract is termed 'market rent'. - Answer-False T/F While income property markets are local, most income properties tend to be purchased by national investment companies, such as REITs. - Answer-False T/F The presentation of projected contract rents in the first ...

REE 3043 EXAM 1 QUESTIONS WITH REVIEWED ANSWERS Functional Obsolescence - Answer-An older design and the building doesn't function in such a way maintain value Cost approach - Answer-Can you determine the cost to replace reproduce any type of property Fully Amortized Mortgage - Answer-Periodic payments that are sufficient enough to cover the entirety of the loan and the entirety of the interest by the end of the term Interest only loan - Answer-Making payments toward only the interest...

©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 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...

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? - answerApproximately two-thirds. The most common form of legal description for urban residential property is the: - answerPlat lot and block number The total value of owner-occupied housing and investible c...

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 ...

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...