Finc 371 exam 1 - Study guides, Class notes & Summaries
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FINC 371 Exam 1 Questions & Answers 100% Correct
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FINC 371 Exam 1 Questions & Answers 100% CorrectFINC 371 Exam 1 Questions & Answers 100% CorrectFINC 371 Exam 1 Questions & Answers 100% CorrectFINC 371 Exam 1 Questions & Answers 100% CorrectFINC 371 Exam 1 Questions & Answers 100% Correct 
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
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FINC 371 Exam 1 Questions & Answers 100% Correct!!
- Exam (elaborations) • 9 pages • 2024
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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 - ANSWERland and any structures that are attached to it 
 
real property - ANSWERthe legal interests associated with the ownership of real estate 
 
6 most important things in real estate - ANSWERLocation, Locat...
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FINC 371 Exam 1 Questions & Answers 100% Correct!!
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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 property - ANSWERincludes all interests, benefits, and rights inherent in the ownership of physical real estate 
 
title - ANSWERownership rights to real property 
 
deed - ANSWERis the document normally us...
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FINC 371 - Exam 1 (Peterson) Anapaula Questions & Answers 100% Correct
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FINC 371 - Exam 1 (Peterson) Anapaula Questions & Answers 100% CorrectFINC 371 - Exam 1 (Peterson) Anapaula Questions & Answers 100% CorrectFINC 371 - Exam 1 (Peterson) Anapaula Questions & Answers 100% CorrectFINC 371 - Exam 1 (Peterson) Anapaula Questions & Answers 100% CorrectWhat is Real Estate? - ANSWERLand + Improvements 
 
Improvements = Anything reasonably permanently attached/affixed to land. 
 
What are the 6 most important things in Real Estate? - ANSWERLocation, Location, Location 
T...
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FINC 371-Exam 1 Questions & Answers 100% Correct
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FINC 371-Exam 1 Questions & Answers 100% CorrectFINC 371-Exam 1 Questions & Answers 100% CorrectFINC 371-Exam 1 Questions & Answers 100% CorrectFINC 371-Exam 1 Questions & Answers 100% CorrectFINC 371-Exam 1 Questions & Answers 100% CorrectFINC 371-Exam 1 Questions & Answers 100% Correct 
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...
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FINC 371 Exam 1 - Ch 1 Intro Correct 100%
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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 characteristics of real estate? - ANSWER1) Fixed Location 
2) Uniqueness
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FINC 371-Exam 1 Questions &Exam (elaborations) answers 100% satisfaction guarantee Latest update 2024/2025 with complete solution
- Exam (elaborations) • 27 pages • 2024
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FINC 371-Exam 1 Questions &Exam (elaborations) answers 100% satisfaction guarantee Latest update 2024/2025 with complete solution
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FINC 371 - Exam 1 (Peterson) anapaula Questions & Answers 100% Correct!!
- Exam (elaborations) • 26 pages • 2024
- Available in package deal
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What is Real Estate? - ANSWERLand + Improvements 
 
Improvements = Anything reasonably permanently attached/affixed to land. 
 
What are the 6 most important things in Real Estate? - ANSWERLocation, Location, Location 
Timing, Timing, Timing 
 
Real Estate 
Special Characteristics - ANSWER1. Fixed Location 
2. Uniqueness 
3.Interdependence of land uses 
4. Long life 
5. Long-term commitments 
6. Large transactions 
7. Long gestation period 
 
4 Main Sectors of Real Estate - ANSWER1. Residential ...
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FINC 371-Exam 1 Questions & Answers 100% Correct!!
- Exam (elaborations) • 24 pages • 2024
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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 ownership of the physical real estate; estate is a right or interest in RE 
 
personal property - ANSWERlegal interests in all other types of properties, so movable items such as automobiles, furnitures...
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