REE 3043 EXAM 1 FSU BAILEY questions ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
with verified detailed answers ||\\//|| ||\\//|| ||\\//||
When viewed as a tangible asset, real estate can be defined as the land and its permanent
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
improvements. Improvements on the land include: ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
fences
walkways
sewer systems ||\\//||
streets - correct answer✔✔fences ||\\//|| ||\\//|| ||\\//||
Real estate is property, which can be either a tangible or an intangible asset. Which of the
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
following would be considered an intangible asset? ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Land
Building
Mortgage
Motor home - correct answer✔✔mortgage
||\\//|| ||\\//|| ||\\//|| ||\\//||
When the value of land is considered, it is important to distinguish between land and raw
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
land. Raw land refers to a(n):
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
building site ||\\//||
structure on the land ||\\//|| ||\\//|| ||\\//||
property's infrastructure ||\\//||
,area that does not include any improvements - correct answer✔✔area that does not include
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
any improvements
||\\//|| ||\\//||
The demand for real estate derives from the need that participants in the user market have
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
for shelter and convenient access to other locations. The primary participants in the user
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
market include all of the following EXCEPT ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
owner occupants ||\\//||
tenants
renters
pension fund managers - correct answer✔✔pension fund managers ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A market where tenants negotiate rent and other terms with property owners or their
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
managers is referred to as a: ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Property Market ||\\//||
User Market ||\\//||
Housing Market ||\\//||
Capital Market - correct answer✔✔user market ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
The actions of local, state, and federal governments affect real estate values
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Primarily through user markets ||\\//|| ||\\//|| ||\\//||
Primarily through capital markets ||\\//|| ||\\//|| ||\\//||
Primarily through their taxation policies ||\\//|| ||\\//|| ||\\//|| ||\\//||
Through all the above - correct answer✔✔All of the above ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
,What portion of households owns their house? - correct answer✔✔2/3
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Of the following asset categories, which class has the greatest aggregate market value?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Corporate equities ||\\//||
Mortgage debt ||\\//||
Government debt ||\\//||
Nongovernment real estate - correct answer✔✔Nongovernment real estate ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Storm water drainage systems are best described as:
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Tangible assets ||\\//||
Improvements to the land ||\\//|| ||\\//|| ||\\//||
Intangible assets ||\\//||
Improvements on the land - correct answer✔✔improvements to the land ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
What is the single largest asset category in the portfolio of a typical U.S. household?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Housing
Consumer durables ||\\//||
Stocks
Bonds - correct answer✔✔housing ||\\//|| ||\\//|| ||\\//||
Real estate markets differ from other asset classes by having all of the following
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
characteristics except ||\\//||
, Local market ||\\//||
High transaction costs
||\\//|| ||\\//||
Segmented market ||\\//||
homogeneous product - correct answer✔✔homogeneous product ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Which of the following is the least important to the location of commercial properties?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Access to customers ||\\//|| ||\\//||
Visibility
Access to schools ||\\//|| ||\\//||
Availability of communications infrastructure - correct answer✔✔access to schools ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Which of the following is not a form of real property right?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Lien
Easement
Leasehold
License - correct answer✔✔license ||\\//|| ||\\//|| ||\\//||
Which of these easements is most likely to be an easement in gross?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Common wall easement ||\\//|| ||\\//||
Driveway easement ||\\//||
Drainage easement ||\\//||
Power line easement - correct answer✔✔power line easement
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
with verified detailed answers ||\\//|| ||\\//|| ||\\//||
When viewed as a tangible asset, real estate can be defined as the land and its permanent
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
improvements. Improvements on the land include: ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
fences
walkways
sewer systems ||\\//||
streets - correct answer✔✔fences ||\\//|| ||\\//|| ||\\//||
Real estate is property, which can be either a tangible or an intangible asset. Which of the
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
following would be considered an intangible asset? ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Land
Building
Mortgage
Motor home - correct answer✔✔mortgage
||\\//|| ||\\//|| ||\\//|| ||\\//||
When the value of land is considered, it is important to distinguish between land and raw
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
land. Raw land refers to a(n):
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
building site ||\\//||
structure on the land ||\\//|| ||\\//|| ||\\//||
property's infrastructure ||\\//||
,area that does not include any improvements - correct answer✔✔area that does not include
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
any improvements
||\\//|| ||\\//||
The demand for real estate derives from the need that participants in the user market have
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
for shelter and convenient access to other locations. The primary participants in the user
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
market include all of the following EXCEPT ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
owner occupants ||\\//||
tenants
renters
pension fund managers - correct answer✔✔pension fund managers ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A market where tenants negotiate rent and other terms with property owners or their
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
managers is referred to as a: ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Property Market ||\\//||
User Market ||\\//||
Housing Market ||\\//||
Capital Market - correct answer✔✔user market ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
The actions of local, state, and federal governments affect real estate values
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Primarily through user markets ||\\//|| ||\\//|| ||\\//||
Primarily through capital markets ||\\//|| ||\\//|| ||\\//||
Primarily through their taxation policies ||\\//|| ||\\//|| ||\\//|| ||\\//||
Through all the above - correct answer✔✔All of the above ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
,What portion of households owns their house? - correct answer✔✔2/3
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Of the following asset categories, which class has the greatest aggregate market value?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Corporate equities ||\\//||
Mortgage debt ||\\//||
Government debt ||\\//||
Nongovernment real estate - correct answer✔✔Nongovernment real estate ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Storm water drainage systems are best described as:
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Tangible assets ||\\//||
Improvements to the land ||\\//|| ||\\//|| ||\\//||
Intangible assets ||\\//||
Improvements on the land - correct answer✔✔improvements to the land ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
What is the single largest asset category in the portfolio of a typical U.S. household?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Housing
Consumer durables ||\\//||
Stocks
Bonds - correct answer✔✔housing ||\\//|| ||\\//|| ||\\//||
Real estate markets differ from other asset classes by having all of the following
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
characteristics except ||\\//||
, Local market ||\\//||
High transaction costs
||\\//|| ||\\//||
Segmented market ||\\//||
homogeneous product - correct answer✔✔homogeneous product ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Which of the following is the least important to the location of commercial properties?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Access to customers ||\\//|| ||\\//||
Visibility
Access to schools ||\\//|| ||\\//||
Availability of communications infrastructure - correct answer✔✔access to schools ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Which of the following is not a form of real property right?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Lien
Easement
Leasehold
License - correct answer✔✔license ||\\//|| ||\\//|| ||\\//||
Which of these easements is most likely to be an easement in gross?
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Common wall easement ||\\//|| ||\\//||
Driveway easement ||\\//||
Drainage easement ||\\//||
Power line easement - correct answer✔✔power line easement
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
