Real estate Investments champions Correctly Answered Latest Update

Real estate Investments champions Correctly Answered Latest Update if you are holding undeveloped land, your goal as an investment is: - Answer -appreciation land is referred to as _____ because it can be seen touched - Answer -tangible Formaldehyde gas is: - Answer -Colorless Local governments can use which of the following to enforce subdivision requirements? - Answer -Police Power The time limitation on deed restrictions is typically __________ due to changes that render the original restriction irrelevant. - Answer -25-35 years Which of the following is a rating used for investment opportunities? - Answer -All of these are ratings used for investment opportunities Which phase assessment defines the steps needed to clean up contaminated areas of a property? - Answer -Phase III Assessment The ________, authorized in 1954, was the first program of Urban Planning Assistance - Answer - Subdivision Act Which of the following are potentially responsible parties for clean-up costs of an environmental problem? - Answer -The party who transported the waste The right of ___________ includes the right to sell or mortgage property and the right to determine the duration of the ownership term. - Answer -Disposition from which country's laws did community property stem? - Answer -Spain A ______ is a written instrument by which a grantor conveys an ownership interest in real property to a grantee - Answer -Deed Which of the following would be considered a trade fixture? - Answer -Dentist Chair In a lease, the landlord is referred to as the __________. - Answer -Lessor The lessee in a lease agreement is also known as the ________ - Answer -Tenant_____________ compensates a seller for taking a property off the market for an extended period of time - Answer -Earnest Money _________ is typically stated as a monthly charge to be paid by the tenant at the beginning of each month - Answer -Rent A(n) ________ is the legally designated person who would be entitled to receive a deceased person's property in absence of a will. - Answer -Heir Profit realized in the sale, exchange or disposition of a capital asset is consid