Real estate ree 3043 exam - Study guides, Class notes & Summaries

REAL ESTATE REE 3043 EXAM WITH QUESTIONS AND ANSWERS...

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...

Which is NOT a method the federal government uses to influence the real estate market? - Through zoning regulation Real estate markets differ from other asset classes by having all of the following characteristics except: - homogeneous All of the following statements define the role of Real Estate in our economy except: - Real Estate generates only 20% of local government revenue (property tax). Real Estate as a tangible asset includes all of the following except: - A mortgage Approximate...

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 2 QUESTIONS WITH CERTIFIED ANSWERS T/F An investment philosophy outlines mainly whether the real estate investor will be an active or passive investor. - Answer-True T/F The rental rate specified in the lease contract is termed 'market rent'. - Answer-False T/F While income property markets are local, most income properties tend to be purchased by national investment companies, such as REITs. - Answer-False T/F The presentation of projected contract rents in the first ...

REE 3043 Exam 3 QUESTIONS WITH ALL CORRECT ANSWERS Which is NOT a method the federal government uses to influence the real estate market? - Answer-through zoning regulations. Real estate markets differ from other asset classes by having all of the following characteristics except: - Answer-Homogeneous product. All of the following statements define the role of Real Estate in our economy except: - Answer-Real Estate generates only 20% of local government revenue (property tax). Land wi...

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 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 5 Questions and Answers All Correct Many investors use mortgage debt to help finance capital investment for income-producing real estate. In doing so, the owner will receive income as long as the property produces enough income to cover all operating and capital expenditures, the mortgage payment, and all state and federal income taxes. Therefore, the owner's claim is commonly referred to as a A. primary claim. b. joint claim. C. residual claim. D. superior claim. - Answ...

REE 3043 Exam 1 Questions With Revised Answers Chapter 1: Real Estate Perspectives Scarcity - answerEconomists suggest that the value of something results from its utility and? a. usefulness b. demand c. price d. scarcity Urban economics - answerA branch of economics that extends the basic ideas of the early classical and neoclassical economists to better understand and predict how humans use space is termed? a. spatial economics b. city economics c. urban economics d. building eco...