Real estate Investments / champions Questions With Complete Solutions

if you are holding undeveloped land, your goal as an investment is: correct answer: appreciation land is referred to as _____ because it can be seen touched correct answer: tangible Formaldehyde gas is: correct answer: Colorless Local governments can use which of the following to enforce subdivision requirements? correct answer: Police Power The time limitation on deed restrictions is typically __________ due to changes that render the original restriction irrelevant. correct answer: 25-35 years Which of the following is a rating used for investment opportunities? correct 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? correct answer: Phase III Assessment The ________, authorized in 1954, was the first program of Urban Planning Assistance correct answer: Subdivision Act Which of the following are potentially responsible parties for clean-up costs of an environmental problem? correct 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. correct answer: Disposition