Ree 3043 test 2 questions - Study guides, Class notes & Summaries

REE 3043 TEST 2 QUESTIONS WITH VERIFIED ANSWERS – UPDATED!!! Property taxes are the principal source of revenue for: - Answer-Local governments and school districts Zoning is an exercise of which type of general limitation on property rights? - Answer-zoning police Which of the following statements is (are) correct regarding the June 2005 ruling of the US Supreme Court on the Kelo vs. New London, Connecticut Eminent Domain Case. - Answer-all of these answers are correct The Federal g...

REE 3043 REVIEW QUESTIONS WITH REVISED CORRECT ANSWERS Nonrecurring Expenses - Answer-Leasing commissions, tenant improvements, retenanting expenses A project's NOI is calculated by: - Answer-deducting all expenses and allowances from the property's effective gross income The capitalization rate found by dividing the NOI of a property by its selling price takes into account investor's future cash flows - Answer-true The allowance known as the reserve for replacements and other nonr...

REE 3043 TEST 2 QUESTIONS WITH VERIFIED ANSWERS – UPDATED!!! Which of the following statements is least correct? - Answer-Urban land use patterns have no influence on real estate location patterns. Which of the following is not correct regarding Timeshares? - Answer-they are great financial investments What is the main determinant of the hierarchy of central place patterns? - Answer- Population required for market The economic base multiplier of a city tends to be greater if the city...

REE 3043 TEST QUESTIONS WITH UPDATED ANSWERS Purely free market solution to zoning problems - Answer-free rider problem - yes negative ext - yes inequities in bearing the costs to enforce positive zoning outcomes - yes zoning restrictions - no An important limitation to the use of private restrictions for controlling land uses is often: - Answer-That they may be too costly to enforce the authority to control and regulate land uses: - Answer-is generally vested in local jurisdictions ...

REE 3043 Chapter 2 Test questions with answers

REE 3043 TEST QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+ Investment Value Definition - Answer-Def: *The value of the property to a particular investor*. The price a particular investor (as opposed to the typical investor) is willing to pay, given the investor's unique tax situation, financing opportunities, required rate of return, and expectations of the property's future cash flows. Market Value Definition - Answer-Def: *Exact value.* The price a typical buyer would pay should the prop...

REE 3043 Final Test Questions and Answers All Correct Since the issues in many transactions are similar, brokers often use standard preprinted contract forms. Generally, the best standard form contracts are those prepared and approved by which of the following parties? - Answer-Local Board of Realtors When contracts for the sale of real property are placed with with a dis interested third party for executing and closing, they are said to be place in: - Answer-Escrow If a seller defaults ...

REE 3043 Chapter 2 Test questions with answers