REE 4103 Chapter 1 Quizzes (1).

REE 4103 Chapter 1 Quizzes
Those assets that are not tangible real property, tangible personal property, or financial
assets. Something that is not materal, not corporeal, or not substantially real are
_________.
Real property
Personal property
Finite assets
Intangible assets - ANS-Intangible Assets

An estate in land describes the ___________________ that a person has in the real
property.
inheritence
degree, nature, or extent of interest
fee simple interest
value - ANS-degree, nature, or extent of interest

Movable items of property that are not permanently affixed to, or part of, the real estate
are considered to be __________.
Real property
Intangible assets
Personal property
Finite assets - ANS-Personal Property

An appraiser is allowed to provide an estimate of what type of value(s)?
Only market value, investment value, assessed value, and use value.
Only market value.
Market value, use value, assessed value, fair value, and other types of value identified
and defined at the outset of the appraisal assignment.
Only market value, investment value, and assessed value. - ANS-Market value, use
value, assessed value, fair value, and other types of value identified and defined at the
outset of the appraisal assignment.

Typical uses of appraisals include all of the following except:
Transfer of ownership
Financial redlining
Investment counseling
Litigation
Financing and credit - ANS-Financial Redlining