Superior School of Real Estate Questions With 100 % Correct Answers | latest

Can their be more than one highest and best use? - No, only one but can change Is a real estate broker also always a realtor? - No, must join the association to be called a realtor. Is personal property also called chattel or personality? - YES Is personal property movable? - Yes, movable Transfers by Bill of sale Is real property movable? - No,Immovable and Transfers by deed Is the earths surface down to the center of the earth and to the heavens, along with surface, subsurface and air rights part of or the definition of real estate? - YES The most profitable single use to which a property is adapted for that will produce the greatest ROI is referred to as what? - Highest and best use What are the economic characteristics of land? - Scarcity Permanence of investment Area preference or SITUS (LOCATION) What are the physical characteristics of land? - Immobility Indestructibility Uniqueness (nonhomogeneity) What are the two classes of property? - Real property and personal propertyWhat is the land and everything permanently attached to it called? - Real property What type of property is referred to as everything else? - Personal property