Ree 3043 - Study guides, Class notes & Summaries

REE 3043 EXAM 1 FSU BAILEY 156 QUESTIONS & DEFINITIONS When viewed as a tangible asset, real estate can be defined as the land and its permanent improvements. Improvements on the land include: fences walkways sewer systems streets - Answer: fences Real estate is property, which can be either a tangible or an intangible asset. Which of the following would be considered an intangible asset? Land Building Mortgage Motor home - Answer: mortgage When the value of land is considered...

REE 3043 Exam 5 Questions and Answers All Correct Many investors use mortgage debt to help finance capital investment for income-producing real estate. In doing so, the owner will receive income as long as the property produces enough income to cover all operating and capital expenditures, the mortgage payment, and all state and federal income taxes. Therefore, the owner's claim is commonly referred to as a A. primary claim. b. joint claim. C. residual claim. D. superior claim. - Answ...

REE 3043 Exam 4 questions with verified answers

REAL ESTATE REE 3043 EXAM WITH QUESTIONS AND ANSWERS...

REE 3043 Final Test Questions and Answers All Correct 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 a dis interested third party for executing and closing, they are said to be place in: - Answer-Escrow If a seller defaults ...

REE 3043 Chapter 4 Test Questions and Answers All Correct A traditional zoning ordinance includes all of the following except -minimum setback requirements. -minimum lot dimensions. -provisions for special use districts. -performance standards. - Answer Performance Standards Real estate taxes represent the largest single source of revenue for a large portion of local governments. Most property taxes are applied in relation to the value of the property, or in other words, they are - A...

REE 3043 Exam 1 Questions and Revised Answers All Correct Which of the following is not correct regarding Timeshares? - Answer-They are a great financial investment. Leases typically transfer to the tenant, all the rights of the owner, except which of the following? - Answer-Disposition. Which of these liens has the highest priority? - Answer-Property tax lien What are the laws called that require that a document which conveys an interest in real property be placed in the public rec...

REE 3043 - Woodyard FSU - Exam 2 Questions with Complete Solutions

ree 3043 exam 4 Questions with 100% correct answers | verified | latest update 2024

REE 3043 Exam 3 QUESTIONS WITH ALL CORRECT ANSWERS Which is NOT a method the federal government uses to influence the real estate market? - Answer-through zoning regulations. Real estate markets differ from other asset classes by having all of the following characteristics except: - Answer-Homogeneous product. All of the following statements define the role of Real Estate in our economy except: - Answer-Real Estate generates only 20% of local government revenue (property tax). Land wi...