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

REE 3043 EXAM 1 WITH QUESTIONS AND ANSWERS ...

REE 3043 Exam 1 Questions And Answers 100% Pass Which methods does the federal government use to influence the real estate market? - answerincome tax incentives, fair housing laws, granting housing subsidies The term "real estate" is used in three fundamental ways. These include all of the following EXCEPT : - answerto identify all types of property. Which of the following statements define the role of Real Estate in our economy? - answerAll of these statements are correct. What tw...

the role of Real Estate in our economy except: - answerReal Estate generates only 20% of local government revenue (property tax). Real Estate as a tangible asset includes all of the following except: - answerA mortgage Approximately what portion of U.S. households owns their own home? - answerApproximately two-thirds. The most common form of legal description for urban residential property is the: - answerPlat lot and block number The total value of owner-occupied housing and investible c...

REE 3043 EXAM 1 QUESTIONS WITH CERTIFIED 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 Dev...

REE 3043 EXAM 1 QUESTIONS WITH REVISED ANSWERS A large university is an example of what kind of economic phenomenon? - Answer- Industry economies of scale. A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a: - Answer--User market Because of the heterogeneity and immobility of real estate assets, the market for evaluating, producing, buying, selling, leasing and managing real estate tends to be characterized as: - Answer--Locali...

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 FSU BAILEY 156 QUESTIONS & DEFINITIONS When viewed as a tangible asset, real estate can be defined as the land and its permanent improvements. Improvements on the land include: fences walkways sewer systems streets - Answer: fences Real estate is property, which can be either a tangible or an intangible asset. Which of the following would be considered an intangible asset? Land Building Mortgage Motor home - Answer: mortgage When the value of land is considered...

REE 3043 EXAM 1 QUESTIONS WITH REVIEWED ANSWERS Functional Obsolescence - Answer-An older design and the building doesn't function in such a way maintain value Cost approach - Answer-Can you determine the cost to replace reproduce any type of property Fully Amortized Mortgage - Answer-Periodic payments that are sufficient enough to cover the entirety of the loan and the entirety of the interest by the end of the term Interest only loan - Answer-Making payments toward only the interest...

REE 3043 EXAM 1 FSU BAILEY 156 QUESTIONS & DEFINITIONS What is the single largest asset category in the portfolio of a typical U.S. household? Housing Consumer durables Stocks Bonds - Answer: housing Real estate markets differ from other asset classes by having all of the following characteristics except Local market High transaction costs Segmented market homogeneous product - Answer: homogeneous product