Test Bank for Real Estate Principles: A Value Approach, 7th Edition by David Ling and Wayne Archer

TEST BANK
Real Estate Principles: A Value Approach, 7th Edition by
David Ling and Wayne Archer.

,MULTIPLE`CHOICE`-
`Choose`the`one`alternative`that`best`completes`the`statement`or`answers`the`question.
1) When`viewed`as`a`tangible`asset,`real`estate`can`be`defined`as`the`land`and`its`permanent`i
mprovements.`Improvements`on`the`land`include:
1) `
A) fences.
B) walkways.
C) sewer`systems.
D) streets.

Question`Details
Accessibility`:`Keyboard`Navigation`Accessibili
ty`:`Screen`Reader`Compatible`Difficulty`:`Basic
Gradable`:`automatic
Learning`Objective`:`01-
01`Provide`three`alternative`definitions`for`the`term`real`estate.`Source`:`Chapter`01`Test
`Bank`-`Static`>`TB`MC`Qu.`01-01`When`viewed`as`a`tangible...


2) The`term`real`estate`is`used`in`three`fundamental`ways.`When`real`estate`is`defined`as`the`l
and`and`its`improvements,`it`is`being`viewed`as`purely`a(n):
2) `
A) tangible`asset.
B) intangible`asset.
C) parallel`asset.
D) personal`asset.

Question`Details
Accessibility`:`Keyboard`Navigation`Accessibili
ty`:`Screen`Reader`Compatible`Difficulty`:`Basic
Gradable`:`automatic
Learning`Objective`:`01-
01`Provide`three`alternative`definitions`for`the`term`real`estate.`Source`:`Chapter`01`Test`
Bank`-`Static`>`TB`MC`Qu.`01-02`The`term`real`estate...




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,3) The`term`real`estate`is`used`in`three`fundamental`ways.`When`real`estate`is`defined`as`a`bu
ndle`of`rights`associated`with`ownership`and`the`use`of`the`site`and`improvements,`it`is`bei
ng`viewed`as`purely`a(n):
3) `
A) tangible`asset.
B) intangible`asset.
C) parallel`asset.
D) personal`asset.

Question`Details
Accessibility`:`Keyboard`Navigation`Accessibilit
y`:`Screen`Reader`Compatible`Difficulty`:`Basic
Gradable`:`automatic
Learning`Objective`:`01-
01`Provide`three`alternative`definitions`for`the`term`real`estate.`Source`:`Chapter`01`Test`Ban
k`-`Static`>`TB`MC`Qu.`01-03`The`term`real`estate`is`used...


4) All`of`the`following`are`examples`of`an`improvement` on`the`land`EXCEPT:
4) `
A) fences.
B) building.
C) walls.
D) streets.

Question`Details
Accessibility`:`Keyboard`Navigation`Accessibilit
y`:`Screen`Reader`Compatible`Difficulty`:`Interm
ediate
Gradable`:`automatic
Learning`Objective`:`01-
01`Provide`three`alternative`definitions`for`the`term`real`estate.`Source`:`Chapter`01`Test`Ban
k`-`Static`>`TB`MC`Qu.`01-04`All`of`the`following`are...




Version`1 2

, 5) Real`estate`is`defined`as`land`and`its`permanent`improvements.`Which`of`the`following`is`an`
example`of`an`improvement`to`the`land?
5) `
A) fence
B) building
C) water`and`sewer`systems
D) personal`property

Question`Details
Accessibility`:`Keyboard`Navigation`Accessibili
ty`:`Screen`Reader`Compatible`Difficulty`:`Inter
mediate
Gradable`:`automatic
Learning`Objective`:`01-
01`Provide`three`alternative`definitions`for`the`term`real`estate.`Source`:`Chapter`01`Test`
Bank`-`Static`>`TB`MC`Qu.`01-05`Real`estate`is`defined`as...


6) Real`estate`consists`of`the`physical`structures`and`infrastructure`that`accompany`the`land.`All`
of`the`following`are`examples`of`an`improvement`to`the`land`EXCEPT:
6) `
A) walkways.
B) the`building`and`parking`lot.
C) sewer`system.
D) streets.

Question`Details
Accessibility`:`Keyboard`Navigation`Accessibili
ty`:`Screen`Reader`Compatible`Difficulty`:`Inter
mediate
Gradable`:`automatic
Learning`Objective`:`01-
01`Provide`three`alternative`definitions`for`the`term`real`estate.`Source`:`Chapter`01`Test
`Bank`-`Static`>`TB`MC`Qu.`01-06`Real`estate`consists`of`the...




Version`1 3