FINC 371 (COMPLETE PACKAGE) Questions)100% Correct2-2024!!

improvements - ANSWERanything reasonably permantly attached/affixed to land Location and Timing - ANSWERWhat are the 3 most important things in Real Estate? (it is really only 2 just repeated 3 times) Real Estate - ANSWERis the physical land and appurtenances affixed to the land real proper...

real estate - ANSWERLand and things attached to it such as buildings and other improvements to the land - immobile and intangible - natural part of land six most important things in RE - ANSWERlocation (x3) timing (x3) real property - ANSWERconsists of the legal interests associated with ow...

Types of residential development: - ANSWER1. single family detached 2. single family attached 3. multifamily 4. manufactured homes 5. second homes Single family detached houses: - ANSWER- most sought after by American families - provides more privacy - "elbow room" - best resale value ...

Ch. 5 - ANSWERDeeds and Titles All RE contracts must be in ______ - ANSWERwriting 6 Essential Elements of a Deed - ANSWER1. Grantor [Giver] 2. Grantee [Receiver] 3. Consideration [something of economic value] 4. Legal Description [metes/bounds, plats, etc] 5. Signatures [once have both, th...

Ch. 11 - ANSWERResidential Land Uses Types of Residential Development - ANSWER1. Single-family detached -> privacy, elbow room, best resale value 2. Single-family attached -> lower development costs per unit, higher density, less yard work, shorter utility lines (town houses, plexes, p...

true or false: financial decision making is based on the concept of wealth maximization - ANSWERtrue true or false: the internal rate of return is the interest rate for which a project's net present value (NPV) is exactly equal to zero - ANSWERtrue true or false: initial equity is the purchas...

Acceptance - ANSWERthe action of consenting to receive or undertake something offered agreements for deed - ANSWERa type of seller financing in which the borrower/buyer makes payments to the seller/lender until an agreed upon amount has been paid and the seller/lender then delivers the deed to th...

appraisal - ANSWERevaluation or estimation of worth gestation period - ANSWERthe time between conception of the idea for a development project and its completion and entry into the available property personal property/chattel - ANSWERmovable items such as automobiles real estate - ANSWERlan...

detached house. - ANSWERA house that is separated from any adjoining structure with at least some open land on all four sides is a patio house. zero-lot house. detached house. second home. All of the above - ANSWERThe advantages of attached housing include All of the above lower per unit de...

The five principal types of residential developments are - ANSWER(a) single-family detached houses, (b) single-family attached houses, (c) multifamily residences, (d) mobile homes and (e) second homes. What are the differences between condominium and cooperative ownership? What are some advantage...

What is Real Estate? - ANSWERLand + Improvements What are improvements? - ANSWERAnything reasonably, permanently attached/fixed to land What are the 6 most important things in Real Estate? - ANSWER1) Location, location, location 2) Timing, timing, timing What are the 7 special characterist...

Broker - ANSWER- licensed by the state - intermediary who brings together buyers and sellers - assists in negotiation of agreements - receives commission - executes orders - was a salesperson at some point salesperson - ANSWER- acts under the direction of a licensed broker - licensed by ...

Commercial & Industrial Land Uses - ANSWER• Shopping center development • Office buildings • Industrial parks • Hotels and motels Shopping center development - ANSWERHistorically shopping was done in CBD - i.e. along Main Street - Advance of automobiles and "suburbia" Distinguis...

Which of the following is not normally included as one of the advantages of real estate as an investment - ANSWERLiquididty Which of the following terms refers to the cash flow a real estate investor can put in his or her pocket at the end of the year - ANSWERATCF The deduction of tax deprecia...