1
REE 3043 PAUL BLACK – FIU EXAM #1
EXPLORE EXAM WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY
GRADED A+ 2025 – 2026
Real State - (ANSWER)Land and improvements to the land-house, structures
built on the land. The land such as mineral rights, oil, gold, Air rights.
Air Rights - (ANSWER)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 - (ANSWER)Anything that won't fall out of a house if turned up -
side down. It's attached to the house/building.
Personal Property - (ANSWER)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.
Fixture - (ANSWER)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.
, 2
Law of fixture - (ANSWER)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 - (ANSWER)Agent, broker, financing, litigation,
management, developer, constructor, appraiser, architect, land planner, analyst,
etc.
Infrastructure - (ANSWER)Services that are built by the government. Exam:
Roads, Water, Sewer lines, Public schools, Police, Fire, Parks, Libraries,
Government services.
Urban sprawl - (ANSWER)When someone builds way too far. Concurrency was
created to prevent (leap-frogging)
Concurrency (con: TWO) Currency: Same time - (ANSWER)Two things happening
at the 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 - (ANSWER)Time from when a project is conceived, until it's
complete and available for occupancy. Exam: Pregnancy.
REE 3043 PAUL BLACK – FIU EXAM #1
EXPLORE EXAM WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY
GRADED A+ 2025 – 2026
Real State - (ANSWER)Land and improvements to the land-house, structures
built on the land. The land such as mineral rights, oil, gold, Air rights.
Air Rights - (ANSWER)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 - (ANSWER)Anything that won't fall out of a house if turned up -
side down. It's attached to the house/building.
Personal Property - (ANSWER)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.
Fixture - (ANSWER)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.
, 2
Law of fixture - (ANSWER)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 - (ANSWER)Agent, broker, financing, litigation,
management, developer, constructor, appraiser, architect, land planner, analyst,
etc.
Infrastructure - (ANSWER)Services that are built by the government. Exam:
Roads, Water, Sewer lines, Public schools, Police, Fire, Parks, Libraries,
Government services.
Urban sprawl - (ANSWER)When someone builds way too far. Concurrency was
created to prevent (leap-frogging)
Concurrency (con: TWO) Currency: Same time - (ANSWER)Two things happening
at the 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 - (ANSWER)Time from when a project is conceived, until it's
complete and available for occupancy. Exam: Pregnancy.
