Test Bank for Real Estate Principles: A Value Approach, 7th Edition 7e by David Ling and Wayne Archer. ISBN-13: 0185
Full Chapters test bank are included
PART 1: SETTING THE STAGE
Chapter 1: The Nature of Real Estate and Real Estate Markets
PART 2: LEGAL AND REGULATORY DETERMINANT...
1 Chapter 01 7e Ling 1) 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) walkways. C) sewer systems. D) streets. 2) The term real estate is used in three fundamental ways. When real estate is defined as the land and its improvements, it is being viewed as purely a(n): A) tangible asset. B) intangible asset. C) parallel asset. D) personal asset. 3) The term real estate is used in three fundamental ways. When real estate is defined as a bundle of rights associated with ownership and the use of the site and improvements, it is being viewed as purely a(n): A) tangible asset. B) intangible asset. C) parallel asset. D) personal asset. 4) All of the following are examples of an improvement on the land EXCEPT: A) fences. B) building. C) walls. D) streets. 2 5) Real estate is defined as land and its permanent improvements. Which of the following is an example of an improvement to the land? A) fence B) building C) water and sewer systems D) personal property 6) Real estate consists of the physical structures and infrastructure that accompany the land. All of the following are examples of an improvement to the land EXCEPT: A) walkways. B) the building and parking lot. C) sewer system. D) streets. 7) 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) mortgage D) fence 8) Which of the following would be considered a tangible asset? A) land B) lease agreement C) mortgage D) listed REIT 9) If we desire to classify land by its use, land that does not include any improvements to the land would be categorized as: A) “raw” land. B) building site. C) developed land. D) property infrastructure.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StepsSol. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R736,35. You're not tied to anything after your purchase.