GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!

GOLD COAST REAL ESTATE - ACTUAL EXAM
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
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
A




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
C




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
A




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
A




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
D