Test Bank for Real Estate Law, 12th Edition by Jennings (All Chapters included)
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Real Estate Law, 12th Edition by Jennings
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Real Estate Law, 12th Edition By Jennings
Complete Test Bank for Real Estate Law, 12th Edition by Marianne M. Jennings ; ISBN13: 9780357518670...(Full Chapters included and organized in reverse order from Chapter 22 to 1)...Chapter 1. Introduction and Sources of Real Estate Law
Chapter 2. Land Interests: Present and Future
Chapter 3. Ext...
Real Estate Law, 12th Edition by
Marianne M. Jennings
Complete Chapters Test Bank
are included (Ch 1 to 21)
** Immediate Download
** Swift Response
** All Chapters included
,Table of Contents are given below
Chapter 1. Introduction and Sources of Real Estate Law
Chapter 2. Land Interests: Present and Future
Chapter 3. Extent of Real Estate Interests
Chapter 4. Nonpossessory Interests in Real Estate
Chapter 5. Fixtures
Chapter 6. Liens
Chapter 7. Describing Land Interests
Chapter 8. Co-Ownership of Real Estate
Chapter 9. The Landlord–Tenant Relationship
Chapter 10. Commercial Leases
Chapter 11. Real Estate Communities: Multiunit Interests and
Owners’ Associations
Chapter 12. The Broker’s Role in the Transfer of Real Estate
Chapter 13. The Purchase Contract
Chapter 14. Methods of Transfer and Conveyance in Real Estate
Chapter 15. Financing in the Transfer of Real Estate
Chapter 16. Closing the Deal
Chapter 17. Transferring Real Estate after Death: Wills, Estates, and
Probate
Chapter 18. Zoning
Chapter 19. Constitutional Issues in Real Estate
Chapter 20. Environmental Regulation and Sustainability
Chapter 21. Legal Issues in Land and Economic Development
Chapter 22. Tax Aspects of Real Estate Ownership and Transfer
,The test bank is organized in reverse order, with the last chapter displayed first, to ensure that all
chapters are included in this document. (Complete Chapters included Ch22-1)
Chap 22_12e
Indicate whether the statement is true or false.
1. Real property tax rates do not vary, but value assessments do.
a. True
b. False
2. Passive activity losses are not deductible from other income sources.
a. True
b. False
3. Estate taxes affect the amount of inheritance.
a. True
b. False
4. Improvements to property are subtracted out of the amount the taxpayer paid for the property as part of
determining gains.
a. True
b. False
5. Assessment figures are always true cash value.
a. True
b. False
6. A tax sale is a final resolution of property owners' rights.
a. True
b. False
7. Federal lands are exempt from real property taxes.
a. True
b. False
8. The Internal Revenue Code defines material participation for purposes of passive losses.
a. True
b. False
9. Taxpayers may be able to deduct interest payments on two homes.
a. True
b. False
10. Notice of a tax sale requires tax authorities to do something more than simply mail a notice that is returned to
them.
a. True
b. False
Page 1
, Chap 22_12e
11. Under the cost method of assessment, the assessor simply compares surrounding property sales and determines
assessed values.
a. True
b. False
12. Depreciation is subtracted from the amount the taxpayer paid for the property as part of determining gains.
a. True
b. False
13. An investor is "at‑risk" only for the amount actually invested.
a. True
b. False
14. The interest on all home equity loans is non‑deductible.
a. True
b. False
15. The property tax is an example of an ad valorem tax.
a. True
b. False
16. Ad valorem means all taxpayers pay equal amounts.
a. True
b. False
17. The interest on wrap‑around mortgages in sales of residences is no longer deductible.
a. True
b. False
18. Taxpayers always have the right to challenge the assessed value of their property.
a. True
b. False
19. There is no period of redemption for tax sales.
a. True
b. False
20. The environmental clean-up of a property has no impact on the assessed valuation under protections afforded
under CERCLA for property clean-ups.
a. True
b. False
21. A taxpayer can deduct interest on two residences.
a. True
b. False
Page 2
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