Real estate Investments champions Correctly Answered Latest Update 2024/2025

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 considered ___________. - Answer -Capital Gain Income In determining capital gains on inherited property, the basis of value generally becomes market value as of ______________. - Answer -The date of the decedent's death In terms of qualifying for low-income housing tax credits, __________ means the initial lease term extends to 6 months or more. - Answer -Nontransient The gross rent charged to a tenant living in low-income housing cannot exceed ____% of the qualifying income level for the tenant's family size - Answer -30 Which of the following costs of the principal residence can a homeowner deduct from ordinary taxable income? - Answer -All of these costs are allowable tax deductions The IRS defines a(n) _________ as one in which the taxpayer receives at least one payment after the year of sale. - Answer -Installment Sale __________ is also known as earned income. - Answer -Active The main difference between a commercial loan and a residential loan is that the lender and investor expect the ___________ to repay the commercial loan. - Answer -Property being acquired A(n) ________ permits the lender to share in all the benefits derived from the property - Answer -Equity participation The "banker's rate" considers a day _____ of the annual rate. - Answer -1/360 The Truth-in-Lending Act is implemented by _________ - Answer -Regulation ZA consortium of people or institutions that come together to share funding and/or expertise in a particular