REE 3043 Exam 1 NEWEST ACTUAL EXAM
REE 3043 EXAM 1 NEWEST ACTUAL EXAM COMPLETE 150 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+||BRAND NEW VERSION!!
Real estate is property, which can be either a tangible or an intangible asset.
Which of the following would be considered an intangible asset?
a. Land
b. Building
c. Motor home
d. Mortgage - Correct Answer-Mortgage
When the value of land is considered, it is important to distinguish between land
and raw land. Raw land refers to a(n):
a. structure on the land
b. building site
c. area that does not include any improvements
d. property's infrastructure - Correct Answer-area that does not include any
improvements
The demand for real estate derives from the need that participants in the user
market have for shelter and convenient access to other locations. The primary
participants in the user market include all of the following EXCEPT:
a. tenants
b. renters
c. owner occupants
1|Page
, REE 3043 Exam 1 NEWEST ACTUAL EXAM
d. pension fund managers - Correct Answer-pension fund managers
A market where tenants negotiate rent and other terms with property owners or
their managers is referred to as a:
a. User Market
b. Capital Market
c. Housing Market
d. Property Market - Correct Answer-User Market
The actions of local, state, and federal governments affect real estate values
a. Primarily through user markets
b. Primarily through capital markets
c. Primarily through their taxation policies
d. Through all the above - Correct Answer-Through all the above
What portion of households owns their house?
a. 1/4
b. 2/3
c. 1/2
d. 1/3 - Correct Answer-2/3
Of the following asset categories, which class has the greatest aggregate market
value?
a. Government debt
2|Page
, REE 3043 Exam 1 NEWEST ACTUAL EXAM
b. Corporate equities
c. Nongovernment real estate
d. Mortgage debt - Correct Answer-nongovernment real estate
Storm water drainage systems are best described as:
a. Improvements on the land
b. Tangible assets
c. Intangible assets
d. Improvements to the land - Correct Answer-Improvements on the land
What is the single largest asset category in the portfolio of a typical U.S.
household?
a. Housing
b. Consumer durables
c. Stocks
d. Bonds - Correct Answer-Housing
Real estate markets differ from other asset classes by having all of the following
characteristics except:
a. Local market
b. Segmented market
c. homogeneous product
d. High transaction costs - Correct Answer-homogenous product
3|Page
, REE 3043 Exam 1 NEWEST ACTUAL EXAM
Which of the following is the least important to the location of commercial
properties?
a. Availability of communications infrastructure
b. Visibility
c. Access to schools
d. Access to customers - Correct Answer-Access to schools
Economists suggest that the value of something results from its utility and?
a. usefulness
b. demand
c. price
d. scarcity - Correct Answer-Scarcity
A branch of economics that extends the basic ideas of the early classical and
neoclassical economists to better understand and predict how humans use space
is termed?
a. spatial economics
b. city economics
c. urban economics
d. building economics - Correct Answer-Urban economics
Formal arrangements and associations that members of society make to support
fundamental economic and social activities are referred to, in the text, as...
a. contracts
4|Page
REE 3043 EXAM 1 NEWEST ACTUAL EXAM COMPLETE 150 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+||BRAND NEW VERSION!!
Real estate is property, which can be either a tangible or an intangible asset.
Which of the following would be considered an intangible asset?
a. Land
b. Building
c. Motor home
d. Mortgage - Correct Answer-Mortgage
When the value of land is considered, it is important to distinguish between land
and raw land. Raw land refers to a(n):
a. structure on the land
b. building site
c. area that does not include any improvements
d. property's infrastructure - Correct Answer-area that does not include any
improvements
The demand for real estate derives from the need that participants in the user
market have for shelter and convenient access to other locations. The primary
participants in the user market include all of the following EXCEPT:
a. tenants
b. renters
c. owner occupants
1|Page
, REE 3043 Exam 1 NEWEST ACTUAL EXAM
d. pension fund managers - Correct Answer-pension fund managers
A market where tenants negotiate rent and other terms with property owners or
their managers is referred to as a:
a. User Market
b. Capital Market
c. Housing Market
d. Property Market - Correct Answer-User Market
The actions of local, state, and federal governments affect real estate values
a. Primarily through user markets
b. Primarily through capital markets
c. Primarily through their taxation policies
d. Through all the above - Correct Answer-Through all the above
What portion of households owns their house?
a. 1/4
b. 2/3
c. 1/2
d. 1/3 - Correct Answer-2/3
Of the following asset categories, which class has the greatest aggregate market
value?
a. Government debt
2|Page
, REE 3043 Exam 1 NEWEST ACTUAL EXAM
b. Corporate equities
c. Nongovernment real estate
d. Mortgage debt - Correct Answer-nongovernment real estate
Storm water drainage systems are best described as:
a. Improvements on the land
b. Tangible assets
c. Intangible assets
d. Improvements to the land - Correct Answer-Improvements on the land
What is the single largest asset category in the portfolio of a typical U.S.
household?
a. Housing
b. Consumer durables
c. Stocks
d. Bonds - Correct Answer-Housing
Real estate markets differ from other asset classes by having all of the following
characteristics except:
a. Local market
b. Segmented market
c. homogeneous product
d. High transaction costs - Correct Answer-homogenous product
3|Page
, REE 3043 Exam 1 NEWEST ACTUAL EXAM
Which of the following is the least important to the location of commercial
properties?
a. Availability of communications infrastructure
b. Visibility
c. Access to schools
d. Access to customers - Correct Answer-Access to schools
Economists suggest that the value of something results from its utility and?
a. usefulness
b. demand
c. price
d. scarcity - Correct Answer-Scarcity
A branch of economics that extends the basic ideas of the early classical and
neoclassical economists to better understand and predict how humans use space
is termed?
a. spatial economics
b. city economics
c. urban economics
d. building economics - Correct Answer-Urban economics
Formal arrangements and associations that members of society make to support
fundamental economic and social activities are referred to, in the text, as...
a. contracts
4|Page
