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

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 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 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...

Economists suggest that the value of something results from its utility and: ️: D. Scarcity A 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: ️: C. Urban economics Formal arrangements and associations that members of society make to support fundamental economic and social activities are referred to, in the text, as: ️: B. institutions Marshall contended that in a p...

REE 3043 Exam 1 Quiz Questions And Answers 100% Pass When viewed as a tangible asset, real estate can be defined as the land and its permanent improvements. Improvements on the land include: A. Fences B. Streets C. Sewer systems D. Walkways - answerA. Fences Real estate is property, which can either be a tangible or intangible asset. Which of the following would be considered and intangible asset? A. Motor home B. Mortgage C. Land D. Building - answerB. Mortgage When the value of l...

REE 3043 Exam 1 FSU Woodyard Questions with Complete Solutions.

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...