Champions Real estate Investments Exam Questions with Correct Answers

Champions Real estate Investments Exam Questions with Correct Answers if you are holding undeveloped land, your goal as an investment is: - ANSWER appreciation land is referred to as _____ because it can be seen touched - ANSWER tangible Formaldehyde gas is: - ANSWER Colorless Local governments can use which of the following to enforce subdivision requirements? - ANSWER Police Power The time limitation on deed restrictions is typically __________ due to changes that render the original restriction irrelevant. - ANSWER 25-35 years Which of the following is a rating used for investment opportunities? - ANSWER All of these are ratings used for investment opportunities Which phase assessment defines the steps needed to clean up contaminated areas of a property? - ANSWER Phase III Assessment The ________, authorized in 1954, was the first program of Urban Planning Assistance - ANSWER Subdivision Act Which of the following are potentially responsible parties for clean-up costs of an environmental problem? - ANSWER The party who transported the waste The right of ___________ includes the right to sell or mortgage property and the right to determine the duration of the ownership term. - ANSWER Disposition from which country's laws did community property stem? - ANSWER Spain A ______ is a written instrument by which a grantor conveys an ownership interest in real property to a grantee - ANSWER Deed Which of the following would be considered a trade fixture? - ANSWER Dentist Chair