Ree 3043 exam 1 - Study guides, Class notes & Summaries

REE 3043 Exam 1 FSU Woodyard Questions with Complete Solutions.

REE 3043 EXAM 1 WITH QUESTIONS AND ANSWERS ...

REE 3043 EXAM 1 QUESTIONS WITH CORRECT ANSWERS Elements of traditional zoning include all except: a. Bulk limits b. Performance standards c. Setback requirements d. Land use categories - Answer-Performance standards Externalities in land use include all except: a. Increase storm runoff from paving b. Traffic congestion c. Leap-frog development d. Inability to judge the quality of a structure, once built - Answer-Inability to judge the quality of a structure, once built De...

REE 3043 EXAM 1 QUESTIONS WITH CERTIFIED ANSWERS Rules used by courts to determine whether something is a fixture include all except: a. Law of capture b. Intention of the parties c. Character of the article and manner of adaptation d. Manner of attachment - Answer-Law of capture Which of the following is a titled estate? a. Fee simple absolute b. Fee simple conditional c. Life estate d. All of these - Answer-all of these Which of these forms of co-ownership could best be...

REE 3043 EXAM 1 LATEST UPDATE ...

REE 3043 EXAM 1 QUESTIONS WITH REVISED ANSWERS The Rushing River Ranch is running out of room for their livestock. They ask the property owner adjacent to their land if they can lease 1000 acres for the next ten years. Upon signing the lease, Rushing River Ranch erects 40,000 feet of fence on the property to contain their livestock. At the end of the lease, Rushing River Ranch decides not to renew the lease. According to the four rules for fixtures, who owns the fence and why? - Answer-- The R...

REE 3043 Exam 1 Questions and Answers All Correct List the four classes of real property: - Answer-1. Real estate held as a personal residence 2. Real estate held for sale to others - dealer property 3. Real estate held for use in a trade or business - trade or business property 4. Real estate held as an investment for the production of income - investment property A List the three types of income subject to federal taxation: - Answer-1.Active Income 2.Portfolio Income 3.Passive Inco...

REE 3043 Exam 1 Questions and Revised Answers All Correct Which of the following is not correct regarding Timeshares? - Answer-They are a great financial investment. Leases typically transfer to the tenant, all the rights of the owner, except which of the following? - Answer-Disposition. Which of these liens has the highest priority? - Answer-Property tax lien What are the laws called that require that a document which conveys an interest in real property be placed in the public rec...

REE 3043 EXAM 1 CURCIO QUESTIONS WITH REVISED AND UPDATED ANSWERS The total value of owner-occupied housing and investible commercial real estate in the United States is estimated to be approximately: - Answer-$26 trillion Judgment liens against an owner of real estate may be nullified or limited by: - Answer-State laws governing homesteads In Florida, designating a principal residence as a homestead: - Answer-Protects the residence from bankruptcy sale Lien Priority in real estate is...

REE 3043 EXAM 1 QUESTIONS WITH REVIEWED ANSWERS Negative amortization - Answer-Occurs when the payment is not enough to even cover interest. Remaining interest is applied to principle causing loan balance to increase Mortgage payments - Answer-Cover PITI Principle, Interest, Taxes, insurance Interest payments - Answer-Cover the cost of using money for the past Market value - Answer-Probable selling price. You want this high Investment value - Answer-How much an investor finds the p...