Real Estate Exam AR 2023
Real property bundle of rights includes...? possession, enjoyment, exclusion, control, disposition Characteristics of real estate, both economic and physical? economic (scarcity, improvements, permanence of investment, location) & physical (immobility, indestructibility, uniqueness/nonhomogenity) What is called when external economic factors reduce property value? economic obsolescence Sole ownership is referred to as...? estate in severalty Co-ownership can include all the following in ca...? tenancy in common, joint tenancy and community property
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