Attributes of land - Study guides, Class notes & Summaries

RECA Commercial Unit2 Exam Questions and Answers 2024 Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) -Answer-1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are long lasting 6. Highly regulated 7. have a long production cycle 8. are management intensive 9. are heterogeneous 10. Involve measuring retur...

5 Attributes of land - Permanent Unique Finite Supply Functional Stationary 4 Land Value Determinants - Demand Utility Scarcity Transferability Owning all 6 Bundle of Rights means - You own fee simple absolute ownership 6 Bundle of Rights - Sell Lease Use Give away Enter or leave Refuse to do any of these Governmental Restrictions on Property - Police power Eminent domain Taxes Escheat 4 Agents of Production - Land, Labor, Capital, Management Principle of Anticip...

EXAM QUESTIONS AND CORRECT ANSWERS 2024/2025 GRADED A+. 2 / 3 1. Land: The surface of the earth and everything above and beneath it . 2. Attributes ofLand: Permanent, Unique, Finite Supply, Functional and Stationary 3. Characteristics of Land: Demand, Utility, Scarcity and Transferability 4. Raw land: unimproved land in its natural state prior to grading, construction andsubdividing. 5. Agricultural land: referred to as undeveloped land except when platted subdivi-sion 6. Improved land:...

Major Field Test Questions and Answers Graded A+ 1. Important professional attributes of aviation professional does not include 2. The FAA specifically requires applicants for which airmen certificates to "be of good moral character Per 14 CFR 61.153(c) candidates for an ATP license must "be of good moral character". 3. The potential penalty for falsifying records such as FAA knowledge test results or logbook entries include: The applicable airmen certificate can be suspended ...

RECA Commercial Unit2 Questions and answers, VERIFIED/ Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) - -1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are long lasting 6. Highly regulated 7. have a long production cycle 8. are management intensive 9. are heterogeneous 10. Involve measuring return...

ommercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) -1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are long lasting 6. Highly regulated 7. have a long production cycle 8. are management intensive 9. are heterogeneous 10. Involve measuring return on investment

Basic Appraisal Principles Questions and Answers Graded A+ When are appraisers needed? to set asking/offering prices, settle estates, refinance, divorce, taxes, rental rates, valuation, condemnation & foreclosure Appraiser One who is expected to perform valuation services competently & in a manner that is independent, impartial & objective. Attributes of an Appraiser competent, independent, impartial, objective, prompt, organized, educated, honest & diligent Appraiser must be knowled...

Acculturation - exchange of cultural features that results when groups have continuous firsthand contact Parts of culture changes, but each group remains distinct Adaptive Strategies - means of making a living; productive system includes foraging, horticulture, agriculture, pastoralism, and industrialism Assimilation - wholesale adoption of (usually dominate) culture, includes language, custom, dress Less powerful group is going to assimilate traits of more powerful culture Attributes of ...

Atom - An atom is the smallest unit of an element that has chemical properties of the element. All matter is composed of atoms Molecules and Macromolecules - Atoms bond with each other to form molecules. A polymer such as a polypeptide is formed of many molecules bonded together and is called a macromolecule. Carbohydrates, proteins, and nucleic acids (DNA and RNA) are important macromolecules found in living organisms. Cells - The simplest unit of life is the cell. A cell is surrounded by...

What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction Wesley just bought a house with...