Real estate Investments / champions A+ Exam Questions & Answers

if you are holding undeveloped land, your goal as an investment is: - ANSWER-appreciation land is referred to as _____ because it can be seen touched - ANSWER-tangible Formaldehyde gas is: - ANSWER-Colorless Local governments can use which of the following to enforce subdivision requirements? - ANSWER-Police Power The time limitation on deed restrictions is typically __________ due to changes that render the original restriction irrelevant. - ANSWER-25-35 years Which of the following is a rating used for investment opportunities? - ANSWER-All of these are ratings used for investment opportunities Which phase assessment defines the steps needed to clean up contaminated areas of a property? - ANSWER-Phase III Assessment The ________, authorized in 1954, was the first program of Urban Planning Assistance - ANSWER-Subdivision Act Which of the following are potentially responsible parties for clean-up costs of an environmental problem? - ANSWER-The party who transported the waste The right of ___________ includes the right to sell or mortgage property and the right to determine the duration of the ownership term. - ANSWER-Disposition