10/28/25, 9:51 AM REE 4103 Exam 1 Exam fully solved & updated 2025-2026(latest version verified for accuracy) | 2024\2025Latest!! Flashcards | Q…
REE 4103 Exam 1 Exam fully solved & updated
2025-2026(latest version verified for accuracy) |
2024\2025Latest!!
Save
Terms in this set (276)
Private ownership of real Deed Restrictions
property rights is subject
to certain restrictions,
known as the four powers
of government. Which of
the following is NOT one
of the four powers of
government that restrict
real property rights?
Items that have been Real Property
installed or attached to
the land or building in a
permanent manner are
considered which of the
following?
Which of the following is Only licensed appraisers
able to perform a formal
appraisal of real estate?
Which of the following Goodwill
would not be considered
personal property?
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,10/28/25, 9:51 AM REE 4103 Exam 1 Exam fully solved & updated 2025-2026(latest version verified for accuracy) | 2024\2025Latest!! Flashcards | Q…
Which of the following Tenant Fixture
would not be considered
an intangible asset?
Typical uses of appraisals Financial Redlining
include all of the following
except:
An appraiser _____ Measures and develops an opinion of value
The tenant of a small, The appraiser generally would not include the ovens
freestanding retail because they are trade fixtures.
building is a baker who
has installed ovens for
baking bread. The ovens
are large and heavy and
the back wall of the
building had to be
removed for the ovens to
be installed. The appraiser
is performing a
refinancing appraisal of
the real estate only.
Should the ovens be
included in the appraisal?
According to professional Appraisal, appraisal review, and appraisal consulting.
standards, appraisal
practice includes which of
the following types of
services?
An appraisal provides ....? A person's opinion of real property value
Which of the following is Estimating damages created by violations of
the best example of using environmental laws
an appraisal in litigation?
An appraiser is allowed to Market value, use value, assessed value, fair value,
provide an estimate of and other types of value identified and defined at the
what type of value(s)? outset of the appraisal assignment.
https://quizlet.com/1099616593/ree-4103-exam-1-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-20242025latest-flash-car… 2/49
,10/28/25, 9:51 AM REE 4103 Exam 1 Exam fully solved & updated 2025-2026(latest version verified for accuracy) | 2024\2025Latest!! Flashcards | Q…
In appraisal, appraisers Real Property Interests
appraise...?
The legal definition of real Lease benefits
estate includes all of the
following except:
An estate in land Degree, nature, or extent of interest
describes the
___________________ that a
person has in the real
property.
Which of the following is Developing an opinion of fair value for financial
the best example of using reporting.
appraisals in investment
counseling?
Which of the following is a Purchase/Sale Financing
market transaction where
appraisals are used.
Which of the following Furniture
would not be considered
part of the real property?
Those assets that are not Intangible assets
tangible real property,
tangible personal
property, or financial
assets. Something that is
not materal, not
corporeal, or not
substantially real are
_________.
Movable items of property Personal Property
that are not permanently
affixed to, or part of, the
real estate are considered
to be __________.
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, 10/28/25, 9:51 AM REE 4103 Exam 1 Exam fully solved & updated 2025-2026(latest version verified for accuracy) | 2024\2025Latest!! Flashcards | Q…
As the nature and extent False
of land use controls
change, so do the nature
and extent of private land
ownership. Consequently,
real estate appraisers must
be familiar with the
regulations and
restrictions that apply to
land use in general, but
do not need to analyze
how these regulations
affect a specific property.
The economic concept of True
land as a sourse of wealth
and an object of value is
central to appraisal theory.
In economics, land is True
regarded as one of the
four agents of production,
along with labor, capital,
and entrepreneurial
coordination.
Legal matters of particular Property Size
concern to appraisers
include all of the following
except:
https://quizlet.com/1099616593/ree-4103-exam-1-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-20242025latest-flash-car… 4/49
REE 4103 Exam 1 Exam fully solved & updated
2025-2026(latest version verified for accuracy) |
2024\2025Latest!!
Save
Terms in this set (276)
Private ownership of real Deed Restrictions
property rights is subject
to certain restrictions,
known as the four powers
of government. Which of
the following is NOT one
of the four powers of
government that restrict
real property rights?
Items that have been Real Property
installed or attached to
the land or building in a
permanent manner are
considered which of the
following?
Which of the following is Only licensed appraisers
able to perform a formal
appraisal of real estate?
Which of the following Goodwill
would not be considered
personal property?
https://quizlet.com/1099616593/ree-4103-exam-1-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-20242025latest-flash-car… 1/49
,10/28/25, 9:51 AM REE 4103 Exam 1 Exam fully solved & updated 2025-2026(latest version verified for accuracy) | 2024\2025Latest!! Flashcards | Q…
Which of the following Tenant Fixture
would not be considered
an intangible asset?
Typical uses of appraisals Financial Redlining
include all of the following
except:
An appraiser _____ Measures and develops an opinion of value
The tenant of a small, The appraiser generally would not include the ovens
freestanding retail because they are trade fixtures.
building is a baker who
has installed ovens for
baking bread. The ovens
are large and heavy and
the back wall of the
building had to be
removed for the ovens to
be installed. The appraiser
is performing a
refinancing appraisal of
the real estate only.
Should the ovens be
included in the appraisal?
According to professional Appraisal, appraisal review, and appraisal consulting.
standards, appraisal
practice includes which of
the following types of
services?
An appraisal provides ....? A person's opinion of real property value
Which of the following is Estimating damages created by violations of
the best example of using environmental laws
an appraisal in litigation?
An appraiser is allowed to Market value, use value, assessed value, fair value,
provide an estimate of and other types of value identified and defined at the
what type of value(s)? outset of the appraisal assignment.
https://quizlet.com/1099616593/ree-4103-exam-1-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-20242025latest-flash-car… 2/49
,10/28/25, 9:51 AM REE 4103 Exam 1 Exam fully solved & updated 2025-2026(latest version verified for accuracy) | 2024\2025Latest!! Flashcards | Q…
In appraisal, appraisers Real Property Interests
appraise...?
The legal definition of real Lease benefits
estate includes all of the
following except:
An estate in land Degree, nature, or extent of interest
describes the
___________________ that a
person has in the real
property.
Which of the following is Developing an opinion of fair value for financial
the best example of using reporting.
appraisals in investment
counseling?
Which of the following is a Purchase/Sale Financing
market transaction where
appraisals are used.
Which of the following Furniture
would not be considered
part of the real property?
Those assets that are not Intangible assets
tangible real property,
tangible personal
property, or financial
assets. Something that is
not materal, not
corporeal, or not
substantially real are
_________.
Movable items of property Personal Property
that are not permanently
affixed to, or part of, the
real estate are considered
to be __________.
https://quizlet.com/1099616593/ree-4103-exam-1-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-20242025latest-flash-car… 3/49
, 10/28/25, 9:51 AM REE 4103 Exam 1 Exam fully solved & updated 2025-2026(latest version verified for accuracy) | 2024\2025Latest!! Flashcards | Q…
As the nature and extent False
of land use controls
change, so do the nature
and extent of private land
ownership. Consequently,
real estate appraisers must
be familiar with the
regulations and
restrictions that apply to
land use in general, but
do not need to analyze
how these regulations
affect a specific property.
The economic concept of True
land as a sourse of wealth
and an object of value is
central to appraisal theory.
In economics, land is True
regarded as one of the
four agents of production,
along with labor, capital,
and entrepreneurial
coordination.
Legal matters of particular Property Size
concern to appraisers
include all of the following
except:
https://quizlet.com/1099616593/ree-4103-exam-1-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-20242025latest-flash-car… 4/49
