FINALREALESTATE EXAM | QUESTIONS
m m m m m m
& 100% CORRECTANSWERS (VERIFIED) |
m m m m m m
LATEST UPDATE | GRADE A+ m m m m
Amreligiousmorganizationmhasmaskedmtheirmreal mestatemagentmtomhelpmthemmfindmampropertymtomc
onductmchurch mservices.mThemtypemof mreal mpropertymthemclientmismseekingmismclassifiedmas:
CorrectmAnswer:m Special mpurpose
Whomcreatesmamreportmbasedmtheirmvisual mfindingsmof mamproperty?
CorrectmAnswer:m HomemInspector
Which mofmthemfollowingmismnotmamfactormthatmwouldmaffectmsupplymin mthemreal mestatemmarket?
CorrectmAnswer:m Employmentmandmwagemlevels
Which mismnotmonemof mthemsixmcategoriesmof mreal mproperty?
CorrectmAnswer:m Governmental
Onemcharacteristicmofmreal mestatemsupplymandmdemandmismuniqueness,mwhichmof mthemfollo
wingmismthemcorrectmdefinition mformthismcharacteristic?
CorrectmAnswer:m Nommattermhow midenticalmtheymmaymappear,mnomtwomparcelsmofmrealmes
tatemaremevermexactlymalike;meach moccupiesmitsmown muniquemgeographicmlocation
1
,Allmof mthesemfactorsmwillmtendmtomaffectmdemandmformreal mestatemEXCEPT
CorrectmAnswer:m transfermtaxes
Ampropertymownermwhomdoesmnotmwantmtomdealmwithmthemeverydaymtasksmofmmanagingmamr
ental mpropertymcan mhire
CorrectmAnswer:m ampropertymmanager.
Onemof mthemadvantagesmofmRealmEstateminvestmentsmismhighmratemofmreturnsmovermlongmpe
riods.mWhich mof mthemfollowingmclassifiesmasmlongmperiodsmof mtime?
CorrectmAnswer:m 10-20myearsmormmore
Whatmaremthemtwomfactorsmthatmaffectmappreciation?
CorrectmAnswer:m inflation mandmintrinsicmvalue
Which mofmthemfollowingmismampointmofmcontactmthatmismlicensedmtombuy,msell mormleasemproperty?
CorrectmAnswer:m Broker
Propertymmanagement,mappraisal,mfinancing,mandmdevelopmentmaremall
CorrectmAnswer:m separatemprofessionsmwithin mthemreal mestatemindustry
Whatmaremthem2mcharacteristicsmofmrealmestatemthatmgovern mbymthemwaymthemmarketmreacts
m tomthempressuremof msupplymandmdemand?
CorrectmAnswer:m UniquenessmandmImmobility
2
,Them
of mreal mestatemismthemresultmof mamperson'smindividual mchoicesma
ndmpreferencesmformamgiven mgeographicmarea.
CorrectmAnswer:m IntrinsicmValue
Itemsmof mPersonal mPropertymsuch masmCouches,mClothingmandmmoneymaremclassifiedmas
.
CorrectmAnswer:m Chattels
Which mofmthemfollowingmrightsminmthembundlemofmlegalmrightsmallowsmthempropertymownermtom
usemthempropertymin manymlegal mmanner?
CorrectmAnswer:m Rightmof menjoyment
When mconductingmamlegal mtestmof mamfixture,mwhichmofmthemfollowingmquestionmwouldmbemas
kedmwhen mconductingmthemmethodmof mannexation?
CorrectmAnswer:m Both mbmandmc
An mimportantmcharacteristicmof mpersonal mpropertymismthatmitmis
CorrectmAnswer:m movable
Themmostmimportantmeconomicmcharacteristicmof mlandmis
CorrectmAnswer:m location
3
, Amtenantmfarmermbuiltmamchicken mcoopmandmamtoolmshed.mThesembuildingsmbelongmtomthe
CorrectmAnswer:m tenant
ThemLaw mof mthemSeamidentifiesmamcountry's
CorrectmAnswer:m territorial mwaters
Ambuyermparticularlymlikedmthemornatembrassmlightingmfixturesminmamhousemandmimmediately
m mademan moffer,mwhichmthemsellermaccepted.mOn mmovingmday,mthembuyermdiscoveredmthatmt
hemsellermhadmreplacedmallmthemornatembrassmlightingmfixturesmwithmplainmsteel mones.mWhic
h mof mthesemismMOSTmlikelymamcorrectmassumption?
CorrectmAnswer:m Buyer:m"Lightingmfixturesmaremnormallymconsideredmtombemreal mproperty."
Which mlawmlistedmbelow mDOESmNOTmaffectmreal mestate?
CorrectmAnswer:m Multinational mlaw
Anothermwordmformuniquenessmis
CorrectmAnswer:m nonhomogeneity
Which mof mthemfollowingmismnotman meconomicmcharacteristicmof mreal mproperty?
CorrectmAnswer:m Immobility
Which mismnotmamonemof mthembundlemof mlegal mrightsmformreal mproperty?
CorrectmAnswer:m RightmtomconductmIllegal mActivity
4
m m m m m m
& 100% CORRECTANSWERS (VERIFIED) |
m m m m m m
LATEST UPDATE | GRADE A+ m m m m
Amreligiousmorganizationmhasmaskedmtheirmreal mestatemagentmtomhelpmthemmfindmampropertymtomc
onductmchurch mservices.mThemtypemof mreal mpropertymthemclientmismseekingmismclassifiedmas:
CorrectmAnswer:m Special mpurpose
Whomcreatesmamreportmbasedmtheirmvisual mfindingsmof mamproperty?
CorrectmAnswer:m HomemInspector
Which mofmthemfollowingmismnotmamfactormthatmwouldmaffectmsupplymin mthemreal mestatemmarket?
CorrectmAnswer:m Employmentmandmwagemlevels
Which mismnotmonemof mthemsixmcategoriesmof mreal mproperty?
CorrectmAnswer:m Governmental
Onemcharacteristicmofmreal mestatemsupplymandmdemandmismuniqueness,mwhichmof mthemfollo
wingmismthemcorrectmdefinition mformthismcharacteristic?
CorrectmAnswer:m Nommattermhow midenticalmtheymmaymappear,mnomtwomparcelsmofmrealmes
tatemaremevermexactlymalike;meach moccupiesmitsmown muniquemgeographicmlocation
1
,Allmof mthesemfactorsmwillmtendmtomaffectmdemandmformreal mestatemEXCEPT
CorrectmAnswer:m transfermtaxes
Ampropertymownermwhomdoesmnotmwantmtomdealmwithmthemeverydaymtasksmofmmanagingmamr
ental mpropertymcan mhire
CorrectmAnswer:m ampropertymmanager.
Onemof mthemadvantagesmofmRealmEstateminvestmentsmismhighmratemofmreturnsmovermlongmpe
riods.mWhich mof mthemfollowingmclassifiesmasmlongmperiodsmof mtime?
CorrectmAnswer:m 10-20myearsmormmore
Whatmaremthemtwomfactorsmthatmaffectmappreciation?
CorrectmAnswer:m inflation mandmintrinsicmvalue
Which mofmthemfollowingmismampointmofmcontactmthatmismlicensedmtombuy,msell mormleasemproperty?
CorrectmAnswer:m Broker
Propertymmanagement,mappraisal,mfinancing,mandmdevelopmentmaremall
CorrectmAnswer:m separatemprofessionsmwithin mthemreal mestatemindustry
Whatmaremthem2mcharacteristicsmofmrealmestatemthatmgovern mbymthemwaymthemmarketmreacts
m tomthempressuremof msupplymandmdemand?
CorrectmAnswer:m UniquenessmandmImmobility
2
,Them
of mreal mestatemismthemresultmof mamperson'smindividual mchoicesma
ndmpreferencesmformamgiven mgeographicmarea.
CorrectmAnswer:m IntrinsicmValue
Itemsmof mPersonal mPropertymsuch masmCouches,mClothingmandmmoneymaremclassifiedmas
.
CorrectmAnswer:m Chattels
Which mofmthemfollowingmrightsminmthembundlemofmlegalmrightsmallowsmthempropertymownermtom
usemthempropertymin manymlegal mmanner?
CorrectmAnswer:m Rightmof menjoyment
When mconductingmamlegal mtestmof mamfixture,mwhichmofmthemfollowingmquestionmwouldmbemas
kedmwhen mconductingmthemmethodmof mannexation?
CorrectmAnswer:m Both mbmandmc
An mimportantmcharacteristicmof mpersonal mpropertymismthatmitmis
CorrectmAnswer:m movable
Themmostmimportantmeconomicmcharacteristicmof mlandmis
CorrectmAnswer:m location
3
, Amtenantmfarmermbuiltmamchicken mcoopmandmamtoolmshed.mThesembuildingsmbelongmtomthe
CorrectmAnswer:m tenant
ThemLaw mof mthemSeamidentifiesmamcountry's
CorrectmAnswer:m territorial mwaters
Ambuyermparticularlymlikedmthemornatembrassmlightingmfixturesminmamhousemandmimmediately
m mademan moffer,mwhichmthemsellermaccepted.mOn mmovingmday,mthembuyermdiscoveredmthatmt
hemsellermhadmreplacedmallmthemornatembrassmlightingmfixturesmwithmplainmsteel mones.mWhic
h mof mthesemismMOSTmlikelymamcorrectmassumption?
CorrectmAnswer:m Buyer:m"Lightingmfixturesmaremnormallymconsideredmtombemreal mproperty."
Which mlawmlistedmbelow mDOESmNOTmaffectmreal mestate?
CorrectmAnswer:m Multinational mlaw
Anothermwordmformuniquenessmis
CorrectmAnswer:m nonhomogeneity
Which mof mthemfollowingmismnotman meconomicmcharacteristicmof mreal mproperty?
CorrectmAnswer:m Immobility
Which mismnotmamonemof mthembundlemof mlegal mrightsmformreal mproperty?
CorrectmAnswer:m RightmtomconductmIllegal mActivity
4
