Complete Chapter-by-Chapter Study Companion for Real Estate Principles: A Value Approach, 7th Edition — Test Bank with Verified Answer Keys and Instructor Resources (Chapters 1–23)

ALL-INCLUSIVE TEST BANK for Real Estate
Principles: A Value Approach, 7th Edition by
Wayne Archer David C. Ling
COMPLETE CHAPTERS 1-23| 100% ACCURATE
ANSWERS AT THE END OF EACH CHAPTER




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, CHAPTER 1: The Nature of Real Estate and Real Estate Markets

MULTIPLE CHOICE - Choose the one alternative that best completes the statement or answers the
question.

1) 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) walkways.

C) sewer systems.

D) streets.

Question Details

Accessibility : Keyboard Navigation Accessibility : Screen Reader Compatible Difficulty : Basic

Gradable : automatic

Learning Objective : 01-01 Provide three alternative definitions for the term real estate. Source : Chapter 01 -
Static > TB MC Qu. 01-01 When viewed as a tangible...



2) The term real estate is used in three fundamental ways. When real estate is defined as the land and its
improvements, it is being viewed as purely a(n):

2)

A) tangible asset.

B) intangible asset.

C) parallel asset.

D) personal asset.



Question Details

Accessibility : Keyboard Navigation Accessibility : Screen Reader Compatible Difficulty : Basic

Gradable : automatic

Learning Objective : 01-01 Provide three alternative definitions for the term real estate. Source : Chapter 01 -
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Static > TB MC Qu. 01-02 The term real estate...

3) The term real estate is used in three fundamental ways. When real estate is defined as a bundle of rights
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associated with ownership and the use of the site and improvements, it is being viewed as purely a(n):


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,A) tangible asset.

B) intangible asset.

C) parallel asset.

D) personal asset.



Question Details

Accessibility : Keyboard Navigation Accessibility : Screen Reader Compatible Difficulty : Basic

Gradable : automatic

Learning Objective : 01-01 Provide three alternative definitions for the term real estate. Source : Chapter 01 -
Static > TB MC Qu. 01-03 The term real estate is used...



4) All of the following are examples of an improvement on the land EXCEPT:

A) fences.

B) building.

C) walls.

D) streets.



Question Details

Accessibility : Keyboard Navigation Accessibility : Screen Reader Compatible Difficulty : Intermediate

Gradable : automatic

Learning Objective : 01-01 Provide three alternative definitions for the term real estate. Source : Chapter 01 -
Static > TB MC Qu. 01-04 All of the following are...



5) Real estate is defined as land and its permanent improvements. Which of the following is an example of an
improvement to the land?

5)

A) fence
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B) building
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, C) water and sewer systems

D) personal property



Question Details

Accessibility : Keyboard Navigation Accessibility : Screen Reader Compatible Difficulty : Intermediate

Gradable : automatic

Learning Objective : 01-01 Provide three alternative definitions for the term real estate. Source : Chapter 01 -
Static > TB MC Qu. 01-05 Real estate is defined as...



6) Real estate consists of the physical structures and infrastructure that accompany the land. All of the
following are examples of an improvement to the land EXCEPT:

6)

A) walkways.

B) the building and parking lot.

C) sewer system.

D) streets.



Question Details

Accessibility : Keyboard Navigation Accessibility : Screen Reader Compatible Difficulty : Intermediate

Gradable : automatic

Learning Objective : 01-01 Provide three alternative definitions for the term real estate. Source : Chapter 01 -
Static > TB MC Qu. 01-06 Real estate consists of the...



7) Real estate is property, which can be either a tangible or an intangible asset. Which of the following would
be considered an intangible asset?

A) land

B) building
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C) mortgage
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D) fence


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