Finance 266 Principles of Real Estate (Missouri State University) Exam 1 (Chapters 1-2) Questions and Answers
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Course
Missouri 2024/2025
Institution
Missouri 2024/2025
Finance 266 Principles of Real Estate
(Missouri State University) Exam 1
(Chapters 1-2) Questions and Answers
Tangible Property - Ans:-Physical assets that can be owned. It can be real or personal property
Intangible Property - Ans:-Non-physical assets such as stocks, bonds, mortgages, and leas...
Improvements on the land - Ans:✔✔-Includes any fixed structures such as buildings, fences, walls, and
decks.
Improvements to the land - Ans:✔✔-Includes the components necessary to make the land suitable for
building construction or other uses.
Land - Ans:✔✔-Includes more than simply the earth; it may also include the improvements to this.
Raw Land - Ans:✔✔-When this is in its natural state, it has no manmade improvements to it.
A Bundle of Rights - Ans:✔✔-Although real estate is a tangible asset, it can also be viewed as this:
Intangible rights associated with the ownership and use of the site and improvements. The value of this
is a function of the property's physical, locational, and legal characteristics
Real Estate Professions - Ans:✔✔-This includes: real estate brokerage, leasing, property management
services, appraisal and consulting services, site selection, acquisition, and property development,
construction, mortgage finance and securitization, corporate and institutional real estate investment and
government activities such as planning, land use regulation, environmental protection, and property
taxation.
Real Estate and the Economy - Ans:✔✔-Real estate typically generates over 25 percent of the US gross
domestic product (GDP), creates jobs for nearly 9 million Americans, and is the source of nearly 70
percent of local government revenues. The total contribution of the housing sector alone averages 17 to
18 percent of GDP
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