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Unit 1 RECA Questions and Correct Answers/ Latest Update / Already Graded

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Define real estate Ans: refers to land and fixed improvements to land (permanent) What are the building classifications Ans: Residential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types 2 | P a g e Ans: Residential commercial rural property management characteristics that identifies real estate as limited resource Ans: scarce characteristic that defines real estate as indestructable Ans: durable real estate as immobil

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Institution

Unit 1 RECA

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Unit 1 RECA

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Institution: Unit 1 RECA
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Uploaded on: February 25, 2025
Number of pages: 15
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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unit 1 reca questions and correct answers latest

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Unit 1 RECA Questions and Correct
Answers/ Latest Update / Already
Graded
Define real estate

Ans: refers to land and fixed improvements to land (permanent)

What are the building classifications

Ans: Residential

Commercial

Retail

Institutional

Agricultural

Real Estate Sectors/Property Types

, 2 | Page

Ans: Residential

commercial rural

property management

characteristics that identifies real estate as limited resource

Ans: scarce

characteristic that defines real estate as indestructable

Ans: durable

real estate as immobile

Ans: fixed

parcels of land being different from eachother

Ans: unique

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Unit 1 RECA Questions and Correct Answers/ Latest Update / Already Graded

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