Best Study Guide Exams Questions and Answers

REE 4204 TEST QUESTIONS WITH CERTIFIED ANSWERS – UPDATED Related Persons Rule - Answer-If an installment sale is made to a related person who sells the property within a two-year period, the original seller must recognize the balance of the gain at the time the related person makes the sale. If the seller makes an installment sale to a related person who sells the property within two years, the original seller must recognize the full capital gain at the time of the original sale to the ...

REE4204 FINAL EXAM QUESTIONS WITH REVISED ANSWERS – UPDATED!! Which of the following ratios on the borrower is LEAST important in the underwriting process? - Answer-Current ratio or quick ratio The due-on-sale clause in a promissory note stipulates - Answer-The entire loan balance must be repaid when the property is sold Which of the following is FALSE concerning Mortgage-backed bonds (MBB)? - Answer- Maturity is not fixed at issuance Which of the following contribute to protecting...

REE CHAPTER 8 TEST QUESTIONS WITH REVISED ANSWERS When estimating the net operating income of a property, which of the following expenditures would be included? Multiple select question. Property taxes mortgage payments Hazard and fire insurance premiums federal income tax payments - Answer-Property taxes Hazard and fire insurance premiums The rental income an existing, stabilized property is expected to generate, after allowances for vacancies and collection losses, is called Multiple...

REE CH 8 TEST QUESTIONS WITH VERIFIED ANSWERS - UPDATED A tenancy by the entirety requires four unities to be created validly - Answer-False A tenancy by the entirety can be severed by either spouse - Answer-False Tenancy in partnership has the characteristic of survivorship like that found in a joint tenancy - Answer-True Joint tenants cannot make inter vivos conveyances - Answer-False In both tenancies in common and joint tenancies, all tenants have the right to exclusive use and po...

REE Ch. 8 Q'S TEST 2 QUESTIONS WITH ALL CORRECT ANSWERS What determines a landowner's water rights? - Depth of water - Size of the body of water - Movement of the water - Type of water - Answer-Movement of the water Three people have identical rights but unequal shares in a property, share an indivisible interest, and may sell or transfer their interest without consent of the others. What type of ownership is this? - Joint tenancy - Equal ownership - Tenancy in common - Estat...

REE Ch. 14 Q'S EXAMINATION QUESTIONS WITH REVISED ANSWERS Agency disclosure forms were first required for cooperatives in - 2008 - 2009 - 2010 - 2011 - Answer- An attorney review clause - tells all parties that the preprinted forms have been approved by an attorney - states that the contract is subject to the approval of each of the client's attorneys - allows for contract approval by a third party lawyer hired by the broker - states that a lawyer can rescind the contrac...

REE 3043 EXAM 1 QUESTIONS WITH REVISED ANSWERS A large university is an example of what kind of economic phenomenon? - Answer- Industry economies of scale. A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a: - Answer--User market Because of the heterogeneity and immobility of real estate assets, the market for evaluating, producing, buying, selling, leasing and managing real estate tends to be characterized as: - Answer--Locali...

REE 3043 EXAM 2 QUESTIONS WITH CERTIFIED ANSWERS A statement by a real estate investment trust that it invests only in apartment buildings that are larger than 50 units and less than 10 years old is an example of an investment: - Answer-D. Policy statement The rent that can be obtained when leasing a property in an open and competitive market is termed: - Answer-Market Rent Income properties are purchased by investors who desire primarily to receive: - Answer- A. periodic income and appr...

REE3043 TEST QUESTIONS WITH CERTIFIED ANSWERS – UPDATED Answer-False - these periods come from long length of construction period and mortgage lenders' lending policies T or F: Rents reflect the price of space and sale prices reflect the value of assets and the right to collect rents - Answer-True T or F: 3 key trends that will affect commercial real estate markets are population growth, technology trends, and the changes anticipated in the ethnic composition of the population - Answe...

REE 3043 EXAM 1 QUESTIONS WITH CERTIFIED ANSWERS Elements of traditional zoning include all except: a. Bulk limits b. Performance standards c. Setback requirements d. Land use categories - Answer-Performance standards Externalities in land use include all except: a. Increase storm runoff from paving b. Traffic congestion c. Leap-frog development d. Inability to judge the quality of a structure, once built - Answer-Inability to judge the quality of a structure, once built Dev...

REE 3043 EXAM 1 CURCIO QUESTIONS WITH REVISED AND UPDATED ANSWERS What two elements are involved in every real estate investment decision? - Answer- Initial cost and value of future benefit Approximately what portion of U.S. households owns their own home? - Answer- Approximately 2/3 A neighborhood association was formed to improve the community. They built parks, bike paths, landscaped the entrance and invited entertainers to perform at the 4th of July celebrations. All of this has ...

REE 3043 TEST 2 QUESTIONS WITH VERIFIED ANSWERS – UPDATED!!! Which of the following statements is least correct? - Answer-Urban land use patterns have no influence on real estate location patterns. Which of the following is not correct regarding Timeshares? - Answer-they are great financial investments What is the main determinant of the hierarchy of central place patterns? - Answer- Population required for market The economic base multiplier of a city tends to be greater if the city...

REE 3043 TEST QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+ B. Market rent - Answer-The rent that can be obtained when leasing a property in an open and competitive market? a. contract rent b. market rent c. fair rent d. justifiable rent A. Periodic income and Appreciation - Answer-Income properties are purchased by investors who desire primarily to receive? a. periodic income and appreciation b. prestige and prominence in a community c. taxdeductions d. the locational benefits associated...

REE 3043 Exam 3 QUESTIONS WITH ALL CORRECT ANSWERS Cities with industry economies tend: - Answer-to be more resistant to economic downturns due to cost advantages. What is the effective tax rate based on the following information: Taxes paid = $5,363 Market value of property = $425,000 Assessed value of property (after exemptions) = $325,000 - Answer-1.26% Which of the following statements is (are) correct regarding Government use of its power of Eminent Domain? - Answer-All of th...

CHST 112 FINAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS True or False: the authorship of 1 Peter is as well attested to by history and tradition as any book in the NT - Answer-True True or False: 2 Peter is written about false teachers - Answer-True What is the most likely date for 2 Peter>? -Before 60 -Around 65 -After 70 -Unknown - Answer--Early 60s/ around 65 True or False: Jude most likely used 2 Peter as a source - Answer-False (Peter most likely used Jude as a source) T...

CHST112 TEST 2 QUESTIONS WITH ANSWERS – REVISED & UPDATED The Council of Jerusalem - Answer-The question that arose on Paul's first missionary journey was over the nature of the salvation that Jesus offers. When we look closer at Acts 15, there are two big questions that come to the forefront: 1. What must we do to be saved? 2. Must we keep the Law of Moses in order to be good Christians (i.e. must Christians become Jewish in their practice)? The question is further complicated by the fa...

CHST 112 TEST 1 QUESTIONS WITH REVISED ANSWERS – UPDATED!! Which prominent Jewish sect were fiercely loyal to Jewish traditions and opposed any foreign influences on Palestine - Answer-Zealots (T/F) Monotheism is the belief in multiple gods - Answer-False (one god) (T/F) Gnosticism is the term scholars use to describe the early religion of the Jews - Answer-False (T/F) The focus of the mystery religions in Jesus' day was mystical union with the divine - Answer-True (T/F) Jesus c...

CHST 112 PRACTISE EXAM 3 QUESTIONS WITH VERIFIED ANSWERS What do the witnesses say at the Jerusalem Council? - Answer-Paul speaks first telling of the gentiles he converted then peter speaks backing up Paul saying Gentiles are saved the same way Jews are What was the question of the Jerusalem Council? what is the answer - Answer-How are we Saved? faith alone or faith + works faith alone What was the 2 part resolution the Jerusalem Council came up with ? - Answer-1) Theological: What J...

CHST-112 REVIEW TEST QUESTIONS WITH CERTIFIED ANSWERS Which prominent Jewish sect accepted only the first five books of the Bible as Scripture, denied the future resurrection, and didn't believe in angels? - Answer-Sadducees Which prominent Jewish sect were fiercely loyal to Jewish traditions and opposed any foreign influence of Palestine? - Answer-Zealots (T/F) Monotheism is the belief in multiple gods. - Answer-False (T/F) Gnosticism is the term scholars use to describe the early re...

CHST 112 FINAL TEST WITH VERIFIED QUESTIONS AND ANSWERS Which of the following best describes the recipients of the letter James? -Jewish Christians -Non Christian Jews -Non Jewish Christians - Answer--Jewish Christians (there is no indication of Gentile Christians in this book) True or False: The author of James does not make much use of the OT in his argumentation - Answer-False? True or False: James was the first book of the NT written - Answer-True Who is the audience for the ...