SCH-MGMT 333 Exam 1 Questions With Correct Answers 2024

SCH-MGMT 333 Exam 1 Questions With Correct Answers 2024 real estate - ANS-the land and its permanent improvements ("on" or "to land") property - ANS-refers to anything that can be owned or possessed tangible assets - ANS-physical assets, such as real estate and automobiles, that can be held for either consumption or investment purposes - can be physically touched intangible assets - ANS-Rights, privileges, and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance. - "bundle of rights" - mortgages, deeds, contracts, etc personal property - ANS-things that are movable and not permanently affixed to the land or structure land - ANS-Building, site, or lot, and includes infrastructure but not any structures raw land - ANS-Large area that does not include any improvements property market - ANS-determine the required property-specific investment returns, property values, capitalization rates, and construction feasibility. (Buying and selling of land and building) user markets - ANS-c