Real Estate Investment FINA 4201 Exam#1 Questions with Correct
Answers
A freehold estate has unlimited bundles of property rights. - ✔✔False
By being "grandfathered" in a building can be in exception to prevailing zoning laws. - ✔✔True
A hectare is 2.47 acres. - ✔✔True
A discount point is a fee paid to the originator of a loan. - ✔✔False
Real Estate Developers can create value by knowing and pushing for changes in zoning laws. -
✔✔True
A consequence of Real Estate being defined as "Land and Anything Permanently Attached," is
that Real Estate is subject to externalities and is illiquid. - ✔✔True
Title is used to transfer the deed of an estate. - ✔✔False
FAR regulation puts a limit on the height of buildings. - ✔✔False
A sign that a building enters the Obsolesce Phase is increasing vacancy. - ✔✔True
In the United States it has been established through various legal cases that the federal
government can use Eminent Domain to take possession of real estate even if it is debatable
whether it is for the "public good" as long as it gives just compensation for the real estate. -
✔✔True
Answers
A freehold estate has unlimited bundles of property rights. - ✔✔False
By being "grandfathered" in a building can be in exception to prevailing zoning laws. - ✔✔True
A hectare is 2.47 acres. - ✔✔True
A discount point is a fee paid to the originator of a loan. - ✔✔False
Real Estate Developers can create value by knowing and pushing for changes in zoning laws. -
✔✔True
A consequence of Real Estate being defined as "Land and Anything Permanently Attached," is
that Real Estate is subject to externalities and is illiquid. - ✔✔True
Title is used to transfer the deed of an estate. - ✔✔False
FAR regulation puts a limit on the height of buildings. - ✔✔False
A sign that a building enters the Obsolesce Phase is increasing vacancy. - ✔✔True
In the United States it has been established through various legal cases that the federal
government can use Eminent Domain to take possession of real estate even if it is debatable
whether it is for the "public good" as long as it gives just compensation for the real estate. -
✔✔True
