Mississippi Realtor Institute Test Correct Questions & Answers (Graded A+)

Mississippi Realtor Institute Test Correct Questions & Answers (Graded A+)Mississippi Realtor Institute Test Correct Questions & Answers (Graded A+)Mississippi Realtor Institute Test Correct Questions & Answers (Graded A+)Mississippi Realtor Institute Test Correct Questions & Answers (Graded A+) An important distinction between real and personal property is that personal property: A. Is taxed at a lower rate when sold or transferred B. Is movable C. Requires a different legal description D. Is not subject to supply and demand measures - ANSWER B The economic and physical characteristics of land can affect its value. Which of the following is an economic characteristic that affects a land's value and use? A. Improvements B. Immobility C.Indestructibility D. Uniqueness - ANSWER A Why does the sale or transfer of real property require a legal property description? A. A Legal property description establishes the new owner's tax rate