RECA / Real Estate Fundamentals COMBINED

RECA Commercial Unit2 Set Test Exam Questions & Correctly Verified Solutions 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 t...

RECA Commercial Unit3 Questions And Verified Correct Answers What does Fee Simple mean? - ANSWER 'Fee' means the land can be inherited and 'simple' means the inheritance is unqualified as to who can inherit it. Bundle of rights include (x4) - ANSWER Possession (to occupy and keep out o...

Real Estate Fundamentals Questions And Verified Correct Answers Which of the following would be included in the "bundle of legal rights?" A. Immobility B. Uniqueness C. Control D. Indestructibility - ANSWER C. Control In the "bundle of legal rights" which right allows the owner to sell ...

Real Estate Fundamentals Questions & Correctly Answers An owner of a residential property had planted a rose bush several years ago on the property. Regarding the rose bush she had planted, this would be considered - ANSWER Real estate An owner of a property built a free standing bookshelf to...