Real estate ree 3043 Study guides, Class notes & Summaries

REAL ESTATE REE 3043 EXAM WITH QUESTIONS AND ANSWERS...

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 REVIEW QUESTIONS WITH REVISED CORRECT ANSWERS Nonrecurring Expenses - Answer-Leasing commissions, tenant improvements, retenanting expenses A project's NOI is calculated by: - Answer-deducting all expenses and allowances from the property's effective gross income The capitalization rate found by dividing the NOI of a property by its selling price takes into account investor's future cash flows - Answer-true The allowance known as the reserve for replacements and other nonr...

REE 3043 TEST 2 QUESTIONS WITH VERIFIED ANSWERS – UPDATED!!! Property taxes are the principal source of revenue for: - Answer-Local governments and school districts Zoning is an exercise of which type of general limitation on property rights? - Answer-zoning police Which of the following statements is (are) correct regarding the June 2005 ruling of the US Supreme Court on the Kelo vs. New London, Connecticut Eminent Domain Case. - Answer-all of these answers are correct The Federal g...

REE 3043 Exam 1 Questions and Answers All Correct List the four classes of real property: - Answer-1. Real estate held as a personal residence 2. Real estate held for sale to others - dealer property 3. Real estate held for use in a trade or business - trade or business property 4. Real estate held as an investment for the production of income - investment property A List the three types of income subject to federal taxation: - Answer-1.Active Income 2.Portfolio Income 3.Passive Inco...

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 REVISED ANSWERS The Rushing River Ranch is running out of room for their livestock. They ask the property owner adjacent to their land if they can lease 1000 acres for the next ten years. Upon signing the lease, Rushing River Ranch erects 40,000 feet of fence on the property to contain their livestock. At the end of the lease, Rushing River Ranch decides not to renew the lease. According to the four rules for fixtures, who owns the fence and why? - Answer-- The R...

REE 3043 Exam 3 QUESTIONS WITH ALL CORRECT ANSWERS Which is NOT a method the federal government uses to influence the real estate market? - Answer-through zoning regulations. Real estate markets differ from other asset classes by having all of the following characteristics except: - Answer-Homogeneous product. All of the following statements define the role of Real Estate in our economy except: - Answer-Real Estate generates only 20% of local government revenue (property tax). Land wi...

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 Chapter 4 Test Questions and Answers All Correct A traditional zoning ordinance includes all of the following except -minimum setback requirements. -minimum lot dimensions. -provisions for special use districts. -performance standards. - Answer Performance Standards Real estate taxes represent the largest single source of revenue for a large portion of local governments. Most property taxes are applied in relation to the value of the property, or in other words, they are - A...