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MASTERING REAL ESTATE PRINCIPALS - UNIT 1 INTRODUCTION TO REAL ESTATE EXAM WITH ALL ANSWERS

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MASTERING REAL ESTATE PRINCIPAMASTERING REAL ESTATE PRINCIPALS - UNIT 1 INTRODUCTION TO REAL ESTATE EXAM WITH ALL ANSWERSLS - UNIT 1 INTRODUCTION TO REAL ESTATE EXAM WITH ALL ANSWERSMASTERING REAL ESTATE PRINCIPALS - UNIT 1 INTRODUCTION TO REAL ESTATE EXAM WITH ALL ANSWERS

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Institution
REAL ESTATE LAW
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REAL ESTATE LAW

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Uploaded on
April 21, 2025
Number of pages
2
Written in
2024/2025
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  • mastering real estate principals unit 1 introduc

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MASTERING REAL ESTATE PRINCIPALS
- UNIT 1: INTRODUCTION TO REAL
ESTATE EXAM WITH ALL ANSWERS




Agricultural vgReal vgEstate vg- vg vgcorrect vganswer- vg vgIncludes vgfarms, vgorchards,
vgtimberland, vgranches, vgand vghatcheries


Commercial vgreal vgestate vg- vg vgcorrect vganswer- vg vgUsed vgfor vgbusiness vgincludes,
vgretail vgshops, vgoffice vgbuildings, vgtheaters vgand vgparking vglots


Immobility vg- vg vgcorrect vganswer- vg vgPhysical vgcharacteristic vgof vgland vgregarding vgits
vginability vgto vgbe vgmoved


Indestructibility vg(Durability) vg- vg vgcorrect vganswer- vg vgPhysical vgcharacteristic vgof
vgland vgregarding vgits vginability vgto vgbe vgdestroyed vgor vgworn vgout


Modification vg(Improvements) vg- vg vgcorrect vganswer- vg vgEconomic vgcharacteristic
vgstates vgthat vgchanges vgmade vgto vgproperty vgaffect vgits vgvalue. vgMight vgbe
vgfavorable vg(increase) vgor vgunfavorable vg(decrease) vgvalue.


Nonhomogeneity vg(Uniqueness vgor vgHeterogeneity) vg- vg vgcorrect vganswer- vg
vgPhysical vgcharacteristic vgstating vgthat vgno vgparcels vgof vgreal vgestate vgare vgexactly
vgalike. vgAttributes vgto vgreal vgestate vgbeing vgnonsubstitutable vgor vgnonfungible


Permanence vgof vgInvestment vg(Fixity) vg- vg vgcorrect vganswer- vg vgEconomic
vgcharacteristic vgwhich vgmeans vgthat vginvestments vgin vgreal vgestate vgare vglong vgterm.
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