REE 3043 Exam 3 QUESTIONS WITH ALL CORRECT ANSWERS
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Course
REE 3043
Institution
REE 3043
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-Hom...
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 without any improvements is sometimes called: - Answer-raw land.
Approximately what portion of U.S. households owns their own home? - Answer-
Approximately two-thirds
The total value of owner-occupied housing in the United States today is estimated to be
approximately: - Answer-19 Trillion
Judgment liens against an owner of real estate may be nullified or limited by: - Answer-
state laws governing homesteads.
Designating a principal residence as a homestead: - Answer-usually creates automatic
protection of the residence from general liens up to some limit.
Liens which arise from construction and other improvements to real estate are called: -
Answer-mechanics' liens
Rules used by the courts to determine whether something is a fixture include all
EXCEPT : - Answer-Law of Capture.
Which of these marriage-related forms of co-ownership gives the surviving spouse
about one-third of all the decedent's personal property and in-state real property? -
Answer-Elective Share
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.
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