Real estate ree 3043 Study guides, Class notes & Summaries
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REE 3043 EXAM 1 CURCIO QUESTIONS WITH REVISED AND UPDATED ANSWERS
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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 ...
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REE 3043 EXAM 1 Questions With Revised Answers
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©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...
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REE 3043 Exam Questions With Correct Answers
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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...
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REE 3043 Exam 1 Questions With Revised Answers
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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...
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REE 3043 Exam 1 Questions With Revised Answers
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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...
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Ree 3043 Exam Questions With Correct Answers
- Exam (elaborations) • 9 pages • 2024
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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...
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REE 3043 Exam Questions With Revised Answers
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REE 3043 Exam Questions With Revised 
Answers 
Immovable possesions - answerrealty 
moveable possessions - answerpersonalty or chattel 
residential real estate - answerone-to-four unit properties suitable for dwelling use 
commercial real estate - answerall real estate other than resedential 
class a - answerlow effective age and highest rents in market 
class b - answeraverage age and rents 
class c - answerolder with updates needed, still reasonably well-maintained 
capital markets - answerlon...
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REE 3043 Exam 1 Questions With Revised Answers
- Exam (elaborations) • 5 pages • 2024
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REE 3043 Exam 1 Questions With Revised 
Answers 
The "gravity" that draws economic activity into clusters is: - answerdemand for access or 
proximity. 
The best example of a base economic activity would be a: - answerregional sales office. 
Which of these are true about agglomeration economies? - answerAll of these answers are 
correct. (They create a readily available supply of highly specialized goods and labor. They tend 
to reduce risks in real estate. They occur in larger cities. They res...
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REE 3043 Study Guide to Sales Associate End-of-Course Exam Based on Florida Real Estate Principles, Practices & Law, 41st edition
- Exam (elaborations) • 32 pages • 2022
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REE 3043 Study Guide to Sales Associate End-of-Course Exam Based on Florida Real Estate Principles, Practices & Law, 41st edition/REE 3043 Study Guide to Sales Associate End-of-Course Exam Based on Florida Real Estate Principles, Practices & Law, 41st edition/REE 3043 Study Guide to Sales Associate End-of-Course Exam Based on Florida Real Estate Principles, Practices & Law, 41st edition/REE 3043 Study Guide to Sales Associate End-of-Course Exam Based on Florida Real Estate Principles, Practices ...
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