Real estate ree 3043 exam - Study guides, Class notes & Summaries

REE 3043 Exam 1 Quiz Questions And Answers 100% Pass 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. Streets C. Sewer systems D. Walkways - answerA. Fences Real estate is property, which can either be a tangible or intangible asset. Which of the following would be considered and intangible asset? A. Motor home B. Mortgage C. Land D. Building - answerB. Mortgage When the value of l...

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 Exam 1 Questions And Answers 100% Pass 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 tw...

REE 3043 Exam 2 Questions And Answers 100% Pass When a buyer of a property with an existing mortgage loan acquires the property and signs the note for an existing loan, the buyer is acquiring the property: - answerby assumption. Which of these points in a mortgage loan would be addressed in the mortgage (possibly in the note as well)? - answerEscrows The Real Estate Settlement Procedures Act does which of these: - answerAll of these statements are correct. ( Requires that the borrower be...

REE 3043 FINAL EXAM WITH VERIFIED QUESTIONS AND ANSWERS ALL UPDATED Equitable title to real estate is: - Answer-The right to obtain legal title conveyed by the contract for sale Since the issues in many transactions are similar, brokers often use standard preprinted contract forms. Generally, the best standard form contracts are those prepared and approved by which of the following parties? - Answer-Local Board of Realtors When contracts for the sale of real property are placed with with ...

REE 3043 EXAM 1 QUESTIONS WITH REVISED ANSWERS A large university is an example of what kind of economic phenomenon? - Answer- Industry economies of scale. A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a: - Answer--User market Because of the heterogeneity and immobility of real estate assets, the market for evaluating, producing, buying, selling, leasing and managing real estate tends to be characterized as: - Answer--Locali...

REE 3043 Exam 3 QUESTIONS WITH ALL CORRECT ANSWERS Cities with industry economies tend: - Answer-to be more resistant to economic downturns due to cost advantages. What is the effective tax rate based on the following information: Taxes paid = $5,363 Market value of property = $425,000 Assessed value of property (after exemptions) = $325,000 - Answer-1.26% Which of the following statements is (are) correct regarding Government use of its power of Eminent Domain? - Answer-All of th...

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 ...

REE 3043 EXAM 2 QUESTIONS WITH CERTIFIED ANSWERS A statement by a real estate investment trust that it invests only in apartment buildings that are larger than 50 units and less than 10 years old is an example of an investment: - Answer-D. Policy statement The rent that can be obtained when leasing a property in an open and competitive market is termed: - Answer-Market Rent Income properties are purchased by investors who desire primarily to receive: - Answer- A. periodic income and appr...

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...