FINALREALESTATE EXAM|QUESTIONS
n n n n n n
& 100% CORRECTANSWERS (VERIFIED) |
n n n n n n
LATEST UPDATE | GRADEA+ n n n n
Anreligiousnorganizationnhasnaskedntheirnreal nestatenagentntonhelpnthemnfindnanpropertyntoncond
uctnchurch nservices.nThentypenof nreal npropertynthenclientnisnseekingnisnclassifiednas:
CorrectnAnswer:n Special npurpose
Whoncreatesnanreportnbasedntheirnvisual nfindingsnof nanproperty?
CorrectnAnswer:n HomenInspector
Which nof nthenfollowingnisnnotnanfactornthatnwouldnaffectnsupplynin nthenreal nestatenmarket?
CorrectnAnswer:n Employmentnandnwagenlevels
Which nisnnotnonenof nthensixncategoriesnof nreal nproperty?
CorrectnAnswer:n Governmental
Onencharacteristicnof nreal nestatensupplynandndemandnisnuniqueness,nwhichnof nthenfollowin
gnisnthencorrectndefinition nfornthisncharacteristic?
CorrectnAnswer:n Nonmatternhow nidenticalntheynmaynappear,nnontwonparcelsnofnrealnestate
n arenevernexactlynalike;neach noccupiesnitsnown nuniquengeographicnlocation
1
,Allnof nthesenfactorsnwillntendntonaffectndemandnfornreal nestatenEXCEPT
CorrectnAnswer:n transferntaxes
Anpropertynownernwhondoesnnotnwantntondealnwithntheneverydayntasksnofnmanagingnanrental
n propertyncan nhire
CorrectnAnswer:n anpropertynmanager.
Onenof nthenadvantagesnof nRealnEstateninvestmentsnisnhighnratenof nreturnsnovernlongnperiod
s.nWhich nof nthenfollowingnclassifiesnasnlongnperiodsnof ntime?
CorrectnAnswer:n 10-20nyearsnornmore
Whatnarenthentwonfactorsnthatnaffectnappreciation?
CorrectnAnswer:n inflation nandnintrinsicnvalue
Which nof nthenfollowingnisnanpointnof ncontactnthatnisnlicensedntonbuy,nsell nornleasenproperty?
CorrectnAnswer:n Broker
Propertynmanagement,nappraisal,nfinancing,nandndevelopmentnarenall
CorrectnAnswer:n separatenprofessionsnwithin nthenreal nestatenindustry
Whatnarenthen2ncharacteristicsnof nrealnestatenthatngovernnbynthenwaynthenmarketnreactsntont
henpressurenof nsupplynandndemand?
CorrectnAnswer:n UniquenessnandnImmobility
2
,Then
of nreal nestatenisnthenresultnof nanperson'snindividual nchoicesnandn
preferencesnfornangiven ngeographicnarea.
CorrectnAnswer:n IntrinsicnValue
Itemsnof nPersonal nPropertynsuch nasnCouches,nClothingnandnmoneynarenclassifiednas
.
CorrectnAnswer:n Chattels
Which nofnthenfollowingnrightsninnthenbundlenofnlegal nrightsnallowsnthenpropertynownerntonusen
thenpropertynin nanynlegal nmanner?
CorrectnAnswer:n Rightnof nenjoyment
When nconductingnanlegalntestnofnanfixture,nwhichnof nthenfollowingnquestionnwouldnbenaskedn
when nconductingnthenmethodnof nannexation?
CorrectnAnswer:n Both nbnandnc
An nimportantncharacteristicnof npersonal npropertynisnthatnitnis
CorrectnAnswer:n movable
Thenmostnimportantneconomicncharacteristicnof nlandnis
CorrectnAnswer:n location
3
, Antenantnfarmernbuiltnanchicken ncoopnandnantool nshed.nThesenbuildingsnbelongntonthe
CorrectnAnswer:n tenant
ThenLaw nof nthenSeanidentifiesnancountry's
CorrectnAnswer:n territorial nwaters
Anbuyernparticularlynlikednthenornatenbrassnlightingnfixturesninnanhousenandnimmediatelynma
denan noffer,nwhichnthensellernaccepted.nOn nmovingnday,nthenbuyerndiscoverednthatnthenselle
rnhadnreplacednall nthenornatenbrassnlightingnfixturesnwithnplainnsteelnones.nWhichnof nthesenis
n MOSTnlikelynancorrectnassumption?
CorrectnAnswer:n Buyer:n"Lightingnfixturesnarennormallynconsideredntonbenreal nproperty."
Which nlaw nlistednbelow nDOESnNOTnaffectnreal nestate?
CorrectnAnswer:n Multinational nlaw
Anothernwordnfornuniquenessnis
CorrectnAnswer:n nonhomogeneity
Which nof nthenfollowingnisnnotnan neconomicncharacteristicnof nreal nproperty?
CorrectnAnswer:n Immobility
Which nisnnotnanonenof nthenbundlenof nlegal nrightsnfornreal nproperty?
CorrectnAnswer:n RightntonconductnIllegal nActivity
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n n n n n n
& 100% CORRECTANSWERS (VERIFIED) |
n n n n n n
LATEST UPDATE | GRADEA+ n n n n
Anreligiousnorganizationnhasnaskedntheirnreal nestatenagentntonhelpnthemnfindnanpropertyntoncond
uctnchurch nservices.nThentypenof nreal npropertynthenclientnisnseekingnisnclassifiednas:
CorrectnAnswer:n Special npurpose
Whoncreatesnanreportnbasedntheirnvisual nfindingsnof nanproperty?
CorrectnAnswer:n HomenInspector
Which nof nthenfollowingnisnnotnanfactornthatnwouldnaffectnsupplynin nthenreal nestatenmarket?
CorrectnAnswer:n Employmentnandnwagenlevels
Which nisnnotnonenof nthensixncategoriesnof nreal nproperty?
CorrectnAnswer:n Governmental
Onencharacteristicnof nreal nestatensupplynandndemandnisnuniqueness,nwhichnof nthenfollowin
gnisnthencorrectndefinition nfornthisncharacteristic?
CorrectnAnswer:n Nonmatternhow nidenticalntheynmaynappear,nnontwonparcelsnofnrealnestate
n arenevernexactlynalike;neach noccupiesnitsnown nuniquengeographicnlocation
1
,Allnof nthesenfactorsnwillntendntonaffectndemandnfornreal nestatenEXCEPT
CorrectnAnswer:n transferntaxes
Anpropertynownernwhondoesnnotnwantntondealnwithntheneverydayntasksnofnmanagingnanrental
n propertyncan nhire
CorrectnAnswer:n anpropertynmanager.
Onenof nthenadvantagesnof nRealnEstateninvestmentsnisnhighnratenof nreturnsnovernlongnperiod
s.nWhich nof nthenfollowingnclassifiesnasnlongnperiodsnof ntime?
CorrectnAnswer:n 10-20nyearsnornmore
Whatnarenthentwonfactorsnthatnaffectnappreciation?
CorrectnAnswer:n inflation nandnintrinsicnvalue
Which nof nthenfollowingnisnanpointnof ncontactnthatnisnlicensedntonbuy,nsell nornleasenproperty?
CorrectnAnswer:n Broker
Propertynmanagement,nappraisal,nfinancing,nandndevelopmentnarenall
CorrectnAnswer:n separatenprofessionsnwithin nthenreal nestatenindustry
Whatnarenthen2ncharacteristicsnof nrealnestatenthatngovernnbynthenwaynthenmarketnreactsntont
henpressurenof nsupplynandndemand?
CorrectnAnswer:n UniquenessnandnImmobility
2
,Then
of nreal nestatenisnthenresultnof nanperson'snindividual nchoicesnandn
preferencesnfornangiven ngeographicnarea.
CorrectnAnswer:n IntrinsicnValue
Itemsnof nPersonal nPropertynsuch nasnCouches,nClothingnandnmoneynarenclassifiednas
.
CorrectnAnswer:n Chattels
Which nofnthenfollowingnrightsninnthenbundlenofnlegal nrightsnallowsnthenpropertynownerntonusen
thenpropertynin nanynlegal nmanner?
CorrectnAnswer:n Rightnof nenjoyment
When nconductingnanlegalntestnofnanfixture,nwhichnof nthenfollowingnquestionnwouldnbenaskedn
when nconductingnthenmethodnof nannexation?
CorrectnAnswer:n Both nbnandnc
An nimportantncharacteristicnof npersonal npropertynisnthatnitnis
CorrectnAnswer:n movable
Thenmostnimportantneconomicncharacteristicnof nlandnis
CorrectnAnswer:n location
3
, Antenantnfarmernbuiltnanchicken ncoopnandnantool nshed.nThesenbuildingsnbelongntonthe
CorrectnAnswer:n tenant
ThenLaw nof nthenSeanidentifiesnancountry's
CorrectnAnswer:n territorial nwaters
Anbuyernparticularlynlikednthenornatenbrassnlightingnfixturesninnanhousenandnimmediatelynma
denan noffer,nwhichnthensellernaccepted.nOn nmovingnday,nthenbuyerndiscoverednthatnthenselle
rnhadnreplacednall nthenornatenbrassnlightingnfixturesnwithnplainnsteelnones.nWhichnof nthesenis
n MOSTnlikelynancorrectnassumption?
CorrectnAnswer:n Buyer:n"Lightingnfixturesnarennormallynconsideredntonbenreal nproperty."
Which nlaw nlistednbelow nDOESnNOTnaffectnreal nestate?
CorrectnAnswer:n Multinational nlaw
Anothernwordnfornuniquenessnis
CorrectnAnswer:n nonhomogeneity
Which nof nthenfollowingnisnnotnan neconomicncharacteristicnof nreal nproperty?
CorrectnAnswer:n Immobility
Which nisnnotnanonenof nthenbundlenof nlegal nrightsnfornreal nproperty?
CorrectnAnswer:n RightntonconductnIllegal nActivity
4
