4/7/26, 8:03 AM REE 3043 Paul Black- FIU Exam #1 EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions + Answ…
REE 3043 Paul Black- FIU Exam #1 EXAM fully
solved & updated 2025-2026(latest version
verified for accuracy) (Questions + Answers)
Solved 100% Correct!!
Save
Terms in this set (57)
Real State Land and improvements to the land-house,
structures built on the land. The land such as
mineral rights, oil, gold, Air rights.
Air Rights The ability to buy the right to build a higher
building. Example: Miami beach buying selling
zones. In NYC you must buy air rights of an
adjoining property, exam Trump Tower
Real property Anything that won't fall out of a house if turned up
- side down. It's attached to the house/building.
Personal Property Not attached to the house/ building ( real
property) Exam: Table, furniture, fridge, Anything
you can unplug and it doesn't cause damage to the
property.
https://quizlet.com/1164798866/ree-3043-paul-black-fiu-exam-1-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-an… 1/9
, 4/7/26, 8:03 AM REE 3043 Paul Black- FIU Exam #1 EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions + Answ…
Fixture when something was at one time personal
property and then it became attached to real
property is now considered to be real property. If
not on the contract, then no valid.
Law of fixture If attached and the purchase contract is silent on
this issue, then the fixture stays in the house. Exam:
The chandelier exam.
Real state professions Agent, broker, financing, litigation, management,
developer, constructor, appraiser, architect, land
planner, analyst, etc.
Infrastructure Services that are built by the government. Exam:
Roads, Water, Sewer lines, Public schools, Police,
Fire, Parks, Libraries, Government services.
Urban sprawl When someone builds way too far. Concurrency
was created to prevent (leap-frogging)
Concurrency (con: TWO) Currency: Two things happening at the same time.
Same time 1. Impact to society: Someone building 100 homes-
more kids, more roads needed.
2. Infrastructure: Is built to satisfy this impact-
response of the government to that impact.
Gestation period Time from when a project is conceived, until it's
complete and available for occupancy. Exam:
Pregnancy.
Value Creation When the value of something (what someone will
pay for it) exceeds its cost.
https://quizlet.com/1164798866/ree-3043-paul-black-fiu-exam-1-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-an… 2/9
REE 3043 Paul Black- FIU Exam #1 EXAM fully
solved & updated 2025-2026(latest version
verified for accuracy) (Questions + Answers)
Solved 100% Correct!!
Save
Terms in this set (57)
Real State Land and improvements to the land-house,
structures built on the land. The land such as
mineral rights, oil, gold, Air rights.
Air Rights The ability to buy the right to build a higher
building. Example: Miami beach buying selling
zones. In NYC you must buy air rights of an
adjoining property, exam Trump Tower
Real property Anything that won't fall out of a house if turned up
- side down. It's attached to the house/building.
Personal Property Not attached to the house/ building ( real
property) Exam: Table, furniture, fridge, Anything
you can unplug and it doesn't cause damage to the
property.
https://quizlet.com/1164798866/ree-3043-paul-black-fiu-exam-1-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-an… 1/9
, 4/7/26, 8:03 AM REE 3043 Paul Black- FIU Exam #1 EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions + Answ…
Fixture when something was at one time personal
property and then it became attached to real
property is now considered to be real property. If
not on the contract, then no valid.
Law of fixture If attached and the purchase contract is silent on
this issue, then the fixture stays in the house. Exam:
The chandelier exam.
Real state professions Agent, broker, financing, litigation, management,
developer, constructor, appraiser, architect, land
planner, analyst, etc.
Infrastructure Services that are built by the government. Exam:
Roads, Water, Sewer lines, Public schools, Police,
Fire, Parks, Libraries, Government services.
Urban sprawl When someone builds way too far. Concurrency
was created to prevent (leap-frogging)
Concurrency (con: TWO) Currency: Two things happening at the same time.
Same time 1. Impact to society: Someone building 100 homes-
more kids, more roads needed.
2. Infrastructure: Is built to satisfy this impact-
response of the government to that impact.
Gestation period Time from when a project is conceived, until it's
complete and available for occupancy. Exam:
Pregnancy.
Value Creation When the value of something (what someone will
pay for it) exceeds its cost.
https://quizlet.com/1164798866/ree-3043-paul-black-fiu-exam-1-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-an… 2/9
