Exam (elaborations)
Real Estate Principles A Value Approach 5th Edition - Test Bank
- Course
- Institution
Test Bank For Real Estate Principles A Value Approach 5th Edition Complete Test Bank
[Show more]
Seller
Follow
ExamsExpert
Reviews received
Content preview
,Real Estate Principles: A Value Approach, 5e (Ling)Chapter 1 The Nature of Real Estate and Real Estate Markets
1) When viewed as a tangible asset, real estate can be defined as the land and its permanent
improvements. Improvements on the land include
A) fences.
B) walkways.
C) sewer systems.
D) streets.
Answer: A
Difficulty: 1 Easy
Learning Objective: 01-01 Provide three alternative definitions for the term real estate.
Accessibility: Keyboard Navigation
2) All of the following are examples of an improvement on the land except
A) fences.
B) building.
C) walls.
D) streets.
Answer: D
Difficulty: 2 Medium
Learning Objective: 01-01 Provide three alternative definitions for the term real estate.
Accessibility: Keyboard Navigation
3) Real estate is defined as land and its permanent improvements. Which of the following is an
example of an improvement to the land?
A) fence
B) building
C) sewer system
D) personal property
Answer: C
Difficulty: 2 Medium
Learning Objective: 01-01 Provide three alternative definitions for the term real estate.
Accessibility: Keyboard Navigation
,4) Real estate consists of the physical structures and infrastructure that accompany the land. All
of the following are examples of an improvement tothe land except
A) walkways.
B) building.
C) sewer system.
D) streets.
Answer: B
Difficulty: 2 Medium
Learning Objective: 01-01 Provide three alternative definitions for the term real estate.
Accessibility: Keyboard Navigation
5) Real estate is property, which can be either a tangible or an intangible asset. Which of the
following would be considered an intangible asset?
A) land
B) building
C) mortgage
D) fence
Answer: C
Difficulty: 1 Easy
Learning Objective: 01-01 Provide three alternative definitions for the term real estate.
Accessibility: Keyboard Navigation
6) Which of the following would be considered a tangible asset?
A) land
B) lease agreement
C) mortgage
D) listed REIT
Answer: A
Difficulty: 1 Easy
Learning Objective: 01-01 Provide three alternative definitions for the term real estate.
Accessibility: Keyboard Navigation
7) If we desire to classify land by its use, land that does not include any improvements to the
land would be categorized as
A) "raw" or undeveloped land.
B) building site.
C) developed land.
D) property infrastructure.
Answer: A
Difficulty: 1 Easy
Learning Objective: 01-02 Discuss the distribution of U.S. land among the various uses to which
it is put (e.g. developed land, federal land, forest land).
Accessibility: Keyboard Navigation
8) The size of a single-family residential lot is typically
, A) less than one acre.
B) between one and two acres.
C) between two and three acres.
D) greater than three acres.
Answer: A
Difficulty: 2 Medium
Learning Objective: 01-02 Discuss the distribution of U.S. land among the various uses to which
it is put (e.g. developed land, federal land, forest land).
Accessibility: Keyboard Navigation
9) As of 2015, the single largest asset category in the net worth portfolios of households is
A) government and corporate bonds.
B) stocks and mutual fund shares.
C) consumer durable goods.
D) housing.
Answer: D
Difficulty: 2 Medium
Learning Objective: 01-04 Describe the role real estate plays in the portfolios of U.S.
households.
Accessibility: Keyboard Navigation
10) Real estate values derive from the interaction of three different sectors in the economy.
Which of the following sectors serves to allocate financial resources among households and
firms requiring funds?
A) user market
B) capital market
C) government
D) property market
Answer: B
Difficulty: 2 Medium
Learning Objective: 01-03 Discuss the value and importance of U.S. real estate compared with
the values of other asset classes such as stocks and bonds.
Accessibility: Keyboard Navigation
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamsExpert. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $26.63. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now