Ree 3043 exam 2 questions - Study guides, Class notes & Summaries
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REE 3043 Exam 1 Questions and Answers All Correct
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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...
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REE 3043 Exam 1 Quiz Questions And Answers 100% Pass
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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...
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REE 3043 Final Exam Questions With Revised Answers
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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 Cap 
Lender's yield cash flow - answeramount disbursed by lender = LA - Lender fees 
APR cash flow - answerAmount Financed= LA - Broker fees 
Effective borrowing cost cash flow - answeramount receiv...
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REE 3043 Exam 1 Questions And Answers 100% Pass
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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...
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REE 3043 EXAM 1 CURCIO QUESTIONS WITH REVISED AND UPDATED ANSWERS
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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 ...
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REE 3043 EXAM 1 QUESTIONS WITH REVIEWED ANSWERS
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REE 3043 EXAM 1 QUESTIONS WITH REVIEWED ANSWERS 
Functional Obsolescence - Answer-An older design and the building doesn't function in such a way maintain value 
 
Cost approach - Answer-Can you determine the cost to replace reproduce any type of property 
 
Fully Amortized Mortgage - Answer-Periodic 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 - Answer-Making payments toward only the interest...
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REE 3043 Exam 2 | 40 Questions with 100% Correct Answers | Updated 2023
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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: - by assumption. 
Which of these points in a mortgage loan would be addressed in the mortgage (possibly in the 
note as well)? - Escrows 
The Real Estate Settlement Procedures Act does which of these: - All of these statements are 
correct. 
( Requires that the borrower be able to inspect the closing statement a day before the actual 
clos...
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REE 3043 EXAM 1 Questions With Revised Answers
- Exam (elaborations) • 16 pages • 2024
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©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 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. Motor home 
d. Mortgage - answerMortgage 
When t...
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REE 3043 Exam Questions With Correct Answers
- Exam (elaborations) • 10 pages • 2024
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REE 3043 Exam Questions With Correct 
Answers 
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 expected return. Property investment values or expected returns. Hiring property manager. 
Maintenance and prop conditions;Property Managers - answerThe day to day operations of 
the assets. 
Rent collection...
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REE 3043 Exam 1 Questions With Revised Answers
- Exam (elaborations) • 8 pages • 2024
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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 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 two ele...
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