REE 3043 exam Questions and answers| Grade A

Economists suggest that the value of something results from its utility and: ️: D. Scarcity 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: ️: C. Urban economics Formal ar...

The primary purpose of a listing agreement is to define the relationship between ️: The property owner and the real estate broker A state license is required for anyone who ️: Sells property for other people Which of the following terms refers to the illegal practice of showing minority buye...

A state license is required for anyone who: a)sells their own property b)sells property for other people c)a and b d)none of the above ️: sells property for other people Which of the following arrangements does not qualify as an agency relationship in real estate transactions? a)a sel...

If the site represents 40% of the total value in a particular neighborhood, how much land value would be allocated from a $200,000 sale of a single family home? ️: $80,000.00 In the subject property's neighborhood, improved properties are selling for prices in a range of $140,000 to $160,00...

A property is being appraised using the income capitalization approach. Annually, it has an estimated gross income of $48,000, vacancy and credit losses of $3,600, and operating expenses of $15,000. Using a capitalization rate of 8%, what is the property's value (rounded up to the nearest $1,...

Factors that affect housing market segmentation include all except: household size. household income. household lifestyle. household unemployment status. household age. ️: household unemployment status. A popular adage in real estate is that property value is all about "location, locati...

If one discount point costs the borrower 1% of the loan amount, and increases the lender's yield by 1/8th of one percent, how many discount points must be purchased to lower the interest rate by 1%? 1 4 8 16 ️: 8 1/8th = 0.125; 1.0 ÷ 0.125 = 8 A five-sided lot has the following dimens...

A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a ️: User Market The market in which required rates of return on available investment opportunities are determined is referred to as the: ️: Capital Market The actions of local,...

Different financing requirements usually are involved in the various phases of a property's life. Which of the following types of loans is used to finance improvements to the land, such as sewers, streets and utilities? A. Bridge loans B. Land development loans C. Land acquisition loans ...