Ree 3043 exam 3 question - Study guides, Class notes & Summaries

REE 3043 Exam 3 questions with verified answers

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 3 question

REE 3043 Exam 3 QUESTIONS WITH ALL CORRECT ANSWERS Cities with industry economies tend: - Answer-to be more resistant to economic downturns due to cost advantages. What is the effective tax rate based on the following information: Taxes paid = $5,363 Market value of property = $425,000 Assessed value of property (after exemptions) = $325,000 - Answer-1.26% Which of the following statements is (are) correct regarding Government use of its power of Eminent Domain? - Answer-All of th...