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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? - answerAp...

©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 prop...

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 foll...

REE 3043 Exam Questions With Revised Answers Fully Amortized Mortgage - answerPeriodic 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 - answerMaking payments toward only the interest during the dura...

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 ...

t land, labor, and credit were the resources of society that were combined by entrepreneurs to form useful products - answerFALSE The resources combined to form useful products in society are land, labor, and capital. ©THEBRIGHTSTARS 2024 T/F: Alfred Marshall, an economist, argued that value re...

©THEBRIGHTSTARS 2024 REE 3043 Exam Study Guide. 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 ex...

REE 3043 Chapter 4 Exam Questions With Revised Answers Special assessments are levied to pay for specific improvements that benefit a particular group of properties. All of the following characteristics of special assessments are true EXCEPT: -they are considered ad valorem taxes. -they are app...

REE 3043 Final Exam Questions With Revised Answers What is ARMS - answeradjustable rate mortgages ARMS features - answer- initial teaser rate - initial adjustment period - adjustment interval (1 year is most common) Fully indexed rate - answerIndex plus Margin Capped rate - answerInitial plus...

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 i...

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? - ...