Real estate 306 - Study guides, Class notes & Summaries

Real Estate 306 Midterm 1; Questions and Answers 100% Correct Property Correct answer-Anything that can be owned or possessed Tangible Assets Correct answer-Physical things, such as automobiles, clothing, land, or buildings Intangible assets Correct answer-Nonphysical and include contractual rights (mortgage and lease agreements), financial claims, interests, patents, or trademarks Real Estate Correct answer-The land and its permanent improvements

Real Estate 306 Exam 2; Questions and Answers 100% Correct Police Power Correct answer-right of government to enact laws to protect the general health, welfare, and safety of public Federal Reserve Correct answer-sets a target range to keep healthy level of unemployment and inflation to avoid swings in the economy Federal Funds Rate (FFR) Correct answer-- The average rate that banks pay when borrowing from each other overnight. - influences interest rates that banks charge including ...

An undivided share of the whole, plus "survivorship" rights (restricts inheritance to heirs of the last surviving owner)• Not available in every state - joint tenancy -Mortgage-Leases-Mechanics Liens-Private Deed Restrictions. are all known as - title encumbrances -Name grantor and grantee -Dated and signed -Consideration -Words of conveyance -Delivery -Receipt of delivery - requirements of a deed -Pay for specific improvements - a new alley, new utilities to the home, new sidewal...

Real Estate 306 Final Exam Questions and Answerwhat portion of households own their house? what portion of households own their house? what portion of households own their house? what portion of households own their house? what portion of households own their house? what portion of households own their house? what portion of households own their house? what portion of households own their house? what portion of households own their house? what portion of households own their ...

Real Estate 306 Exam 1; Questions and Answers 100% Correct real estate figure Correct answer-space consumer space producers public infrastructure space consumer Correct answer-client/user spaces producers Correct answer-developers, bankers, appraisers, brokers, lawyers public infrastructure Correct answer-community (fire, police, garbage

covenant against encumbrances - no encumbrances except as noted in deed .. ex liens or easements actual notice - open, continuous, actual possession of property affirmative easements appurtenant - easements give the dominant parcel some intrusive use of the servient parcel ex. shared driveways, parking baselines vs principal lines - baselines (east to west) RANGE LINES principal (north to south) TIER LINES building codes - preserves real estate value addresses the issue of incomplete in...

Real Estate 306; Questions and Answers 100% Correct What defines the urban market? Correct answer-i. Access - how easy is it to get to the things that people want to do? (location) ii. Economic base - how does the community make its money? iii. Quality of Life - how happy are people? How does a city get shaped? Correct answer-i. Demand for proximity ii. Changes in transportation iii. Changes in technology

Real Estate 306 Exam 1; Questions and Answers 100% Correct Real Estate Correct answer-An asset class, Land improvements on any land and improvements on it (use of leverage, inflation hedge, tangible asset, depreciates, 1031 Exchange) Real Estate as an Asset Correct answer-Holds value and falls under PPE How much does Real Estate make up of the US GDP? Correct answer-25% How many jobs does RE create for AMericans? Correct answer-9 million

Real Estate 306 End of Chapter Practice CH12, Principals of Real Estate -- Test #1 problems; Questions and Answers 100% Correct A down payment deposit from a potential buyer must be held in: a. The seller's bank account. b. The salesperson's own bank account. c. The broker's escrow trust account. d. Long-term government bonds. e. The broker's own bank account. Correct answer-c

Developer Fee - What the developer gets paid for time and resources spent on project (based on a % of total costs) Appraiser must know.... - a. Supply & demand characteristics of marketplace b. Demand for property type c. Rules and regulations that impact property type d. Specific characteristics of property (True/False) Lease forms may look very different from one another. - True 2 Types of Broker Licenses - 1. Licensee/salesperson (beginner level) 2. Broker 2 Types of Brokers - 1. Sal...