REAL ESTATE FINAL EXAM TEST BANK | UPDATED QUESTIONS, CORRECT ANSWERS & STUDY GUIDE/ COMPLETE EXAM PREP & PRACTICE QUESTIONS/ GREAT FOR STUDY, PRACTICE, AND LAST-MINUTE REVIEW‼

REAL ESTATE FINAL EXAM TEST BANK | UPDATED QUESTIONS,
CORRECT ANSWERS & STUDY GUIDE/ COMPLETE EXAM PREP
& PRACTICE QUESTIONS/ GREAT FOR STUDY, PRACTICE, AND
LAST-MINUTE REVIEW‼

When Viewed As A Tangible Asset, Real Estate Can Be Defined As The Land And Its Permanent
Improvements. Improvements On The Land Include

A. Fences

B. Walkways

C. Sewer Systems

D. Streets

CORRECT ANSWER: Fences



Real Estate Is Property, Which Can Be Either A Tangible Or An Intangible Asset. Which Of The Following
Would Be Considered An Intangible Asset?

A. Land

B. Building

C. Mortgage

D. Fence

CORRECT ANSWER: Mortgage




If We Desire To Classify Land By Its Use, Land That Does Not Include Any Improvements To The Land
Would Be Categorized As:

A. "Raw" Land

B. Building Site

C. Developed Land

, D. Property Infrastructure

CORRECT ANSWER: Raw Land



The Size Of A Single Family Residential Lot Is Typically:

A. Less Than One Acre

B. Between One And Two Acres

C. Between Two And Three Acres

D. Greater Than Three Acres

CORRECT ANSWER: Less Than One Acre



As Of 2011, The Single Largest Asset Category In The Net Worth Portfolios Of Households

Is:

A. Government And Corporate Bonds

B. Stocks And Mutual Fund Shares

C. Consumer Durable Goods

D. Housing'

CORRECT ANSWER: Housing



Real Estate Values Derive From The Interaction Of Three Different Sectors In The Economy. Which Of
The Following Sectors Serves To Allocate Financial Resources Among Households And Firms Requiring
Funds?

A. User Market

B. Capital Market

C. Government

D. Property Market

CORRECT ANSWER: Capital Market