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ASREB SESSION 1 QUESTIONS WITH COMPLETE ANSWERS

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ASREB SESSION 1 QUESTIONS WITH COMPLETE ANSWERS

Institution
ASREB
Course
ASREB

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A real estate development that includes real estate owned by an association created
for the purpose of managing, maintaining, or improving the property, and in which the
owners of separately owned parcels are mandatory members and required to pay
association assessments


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Planned Community




An area set off by municipal authorities for specific uses


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Zone

, A person transferring title to real property


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Grantor




The donation of real estate to a government for a public purpose


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Dedication




the act or process of taking private property for public use, through the government's
power of eminent domain. Also called Appropriation


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Condemnation




A characteristic of real property; each piece of land, each building, and each house is
a unique piece of real estate. Also called Uniqueness.


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Heterogeneity

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ASREB
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ASREB

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