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REL 360 Exam 1 Questions and
Answers 100% Pass
A market where tenants negotiate rent and other terms with property owners or their managers is
referred to as a: - ANSWER ✔✔-user market
The market in which required rates of return on available investment opportunities are determined is
referred to as the: - ANSWER ✔✔-capital market
What portion of households owns their house? - ANSWER ✔✔-two-thirds
Of the following asset categories, which class has the greatest aggregate market value? - ANSWER ✔✔-
nongovernmental real estate
Storm water drainage systems are best described as: - ANSWER ✔✔-improvements to the land
What is the single largest asset category in the portfolio of a typical U.S. household? - ANSWER ✔✔-
housing
Real estate markets differ from other asset classes by having all of the following characteristics except: -
ANSWER ✔✔-homogeneous product
Which of the following is not important to the location of commercial properties? - ANSWER ✔✔-access
to schools
Which of the following attributes of a home are the most difficult to observe and value? - ANSWER ✔✔-
location
The actions of local, state, and federal govts. affect real estate values
Created by ©EmilyCharlene 2025. All rights reserved.
, 2|Page
a. primarily through user markets
b. the capital market
c. taxation policies
d. all the above - ANSWER ✔✔-d. all the above
Which of the following is not a form of property right?
a. lien
b. easement
c. license
d. mineral rights - ANSWER ✔✔-license
Which of these easements is most likely to be an easement in gross? - ANSWER ✔✔-Power line easement
Rules used by courts to determine whether something is a fixture include all except:
a. intention of parties
b. manner of attachment
c. law of capture
d. character of article/manner of adapation
e. relation of parties - ANSWER ✔✔-Law of capture
Which of the following is a titled estate?
a. fee simple absolute
b. fee simple conditional
c. conventional life estate
Created by ©EmilyCharlene 2025. All rights reserved.
REL 360 Exam 1 Questions and
Answers 100% Pass
A market where tenants negotiate rent and other terms with property owners or their managers is
referred to as a: - ANSWER ✔✔-user market
The market in which required rates of return on available investment opportunities are determined is
referred to as the: - ANSWER ✔✔-capital market
What portion of households owns their house? - ANSWER ✔✔-two-thirds
Of the following asset categories, which class has the greatest aggregate market value? - ANSWER ✔✔-
nongovernmental real estate
Storm water drainage systems are best described as: - ANSWER ✔✔-improvements to the land
What is the single largest asset category in the portfolio of a typical U.S. household? - ANSWER ✔✔-
housing
Real estate markets differ from other asset classes by having all of the following characteristics except: -
ANSWER ✔✔-homogeneous product
Which of the following is not important to the location of commercial properties? - ANSWER ✔✔-access
to schools
Which of the following attributes of a home are the most difficult to observe and value? - ANSWER ✔✔-
location
The actions of local, state, and federal govts. affect real estate values
Created by ©EmilyCharlene 2025. All rights reserved.
, 2|Page
a. primarily through user markets
b. the capital market
c. taxation policies
d. all the above - ANSWER ✔✔-d. all the above
Which of the following is not a form of property right?
a. lien
b. easement
c. license
d. mineral rights - ANSWER ✔✔-license
Which of these easements is most likely to be an easement in gross? - ANSWER ✔✔-Power line easement
Rules used by courts to determine whether something is a fixture include all except:
a. intention of parties
b. manner of attachment
c. law of capture
d. character of article/manner of adapation
e. relation of parties - ANSWER ✔✔-Law of capture
Which of the following is a titled estate?
a. fee simple absolute
b. fee simple conditional
c. conventional life estate
Created by ©EmilyCharlene 2025. All rights reserved.
