CCIM 101 MODULE 1 FINAL EXAM SCRIPT 2026 COMPLETE QUESTIONS AND ANSWERS 100% CORRECT

CCIM 101 MODULE 1 FINAL EXAM SCRIPT 2026
COMPLETE QUESTIONS AND ANSWERS 100%
CORRECT



◉ TAXATION CAN BE SUMMED UP WITH THREE QUESTION.
Answer. HOW MANY OF THE DOLLARS GOING IN AND OUT OF
AN INVESTMENT WILL BE SUBJECT TO TAX?
. HOW MUCH TAX WILL BE OWED?
. WHEN WILL THE TAX BE PAID?


◉ TAXABLE ENTITIES. Answer. INDIVIDUALS
. SOLE PROPRIETORSHIPS
. CORPORATIONS (PG 5.6)


◉ HOW MUCH TAXES MUST A TAXABLE ENTITIES PAY. Answer:
TAXABLE ENTITIES MUST PAY TAXES ON THE INCOME THEIR
REAL ESTATE INVESTMENTS GENERATE. (PG 5.6)


◉ PASS-THROUGH ENTITIES. Answer. GENERAL
PARTNERSHIPS
. LIMITED PARTNERSHIPS

, . S CORPORATIONS
.LIMITED LIABILITY COMPANIES
. LIMITED LIABILITY PARTNERSHIPS (PG 5.6)


◉ TAXABLE OBLIGATION FOR PASS THROUGH ENTITIES.
Answer: PASSES THROUGH THE BUSINESS ENTITIES TO EACH
PARTNER


◉ PROPERTY TAX CLASSIFICATION. Answer: UNDER THE TAX
CODE, ASSET ARE TANGIBLE OR INTANGIBLE OR REAL OR
PERSONAL PROPERTY
(PG 5.7)


◉ PROPERTY TAX CLASSIFICATION
PERSONAL-USE ASSET. Answer: HELD FOR AN OWNER'S
PRIVATE NON-BUSINESS USE , SUCH AS A HOUSE
(PG 5.7)


◉ PROPERTY TAX CLASSIFICATION
INVENTORY PROPERTY. Answer: HELD PRIMARILY FOR
RESALE TO CUSTOMER, SUCH AS A HOUSE A BUILDER BUILT
TO SALE TO THE PUBLIC


◉ PROPERTY TAX CLASSIFICATION