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Exam (elaborations)

Real Estate Exam AR 2023

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26 pages
2023/2024 Written for academic year
Institution Real Estate
Course Real Estate
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Real property bundle of rights includes...? possession, enjoyment, exclusion, control, disposition Characteristics of real estate, both economic and physical? economic (scarcity, improvements, permanence of investment, location) & physical (immobility, indestructibility, uniqueness/nonhomogenity) What is called when external economic factors reduce property value? economic obsolescence Sole ownership is referred to as...? estate in severalty Co-ownership can include all the following in ca...? tenancy in common, joint tenancy and community property

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