Real Estate 306 Midterm 1; Questions and Answers 100% Correct
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Course
Real Estate 306
Institution
Real Estate 306
Real Estate 306 Midterm 1; Questions and
Answers 100% Correct
Property Correct answer-Anything that can be owned or possessed
Tangible Assets Correct answer-Physical things, such as automobiles, clothing, land, or
buildings
Intangible assets Correct answer-Nonphysical and include contractual...
Real Estate 306 Midterm 1; Questions and
Answers 100% Correct
Property Correct answer-Anything that can be owned or possessed
Tangible Assets Correct answer-Physical things, such as automobiles, clothing, land, or
buildings
Intangible assets Correct answer-Nonphysical and include contractual rights (mortgage
and lease agreements), financial claims, interests, patents, or trademarks
Real Estate Correct answer-The land and its permanent improvements
Improvements on the land Correct answer-Any fixed structures such as buildings, fences,
walls, and decks
Improvements to the land Correct answer-The components necessary to make the land
suitable for building construction or other uses
Land Correct answer-Earth + improvements to the land
Raw Land Correct answer-Larger area that does not include any improvements
Real Property Correct answer-Same as real estate
, Real Estate 306 Midterm 1; Questions and
Answers 100% Correct
Personal Property Correct answer-Things that are movable and not permanently affixed
to the land
Acre Correct answer-43,560 ft / 206 square ft / 640 acres in 1 square mile
User Markets Correct answer-Characterized by competition amongst users for physical
locations and space
Capital Markets Correct answer-Allocate financial resources among households and firms
requiring funds (Equity Interests / Debt Interests)
Property Markets Correct answer-Determine the required property-specific investment
returns, property values, capitalization rates, and construction feasibility
Capitalization Rate Correct answer-Ratio of a property's annual net income to its value
Investment-grade properties Correct answer-More valuable commercialized properties,
generally well over $10 million
Personal Rights Correct answer-(Personal freedoms) from Constitution / Bill of Rights
, Real Estate 306 Midterm 1; Questions and
Answers 100% Correct
Property Rights Correct answer-Rights to things both tangible and intangible (Possession,
Use, Disposition)
Real Property Correct answer-Rights in land and its permanent structures
Personal Property Correct answer-Rights in any other kind of object, including intellectual
rights
Interests Correct answer-Name for bundles of rights
Estates Correct answer-Interests in real property that include possession (Complete
bundle called Fee Simple Absolute)
Freeholds Correct answer-Titled interests we commonly think of as ownership
Fee Simple Absolute Correct answer-Most complete bundle of rights possible, has
greatest value
Fee Simple Conditional Correct answer-Ownership is subject to a condition or trigger
event
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