REE 3043 Paul Black- FIU Exam 1 Solved Correctly To
Score A+
1. Real State Land and improvements to the land-house, structures built on the land.
The land such as mineral rights, oil, gold, Air rights.
2. 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
3. Real property Anything that won't fall out of a house if turned up - side down. It's attached
to the house/building.
4. Personal Not attached to the house/ building ( real property) Exam: Table, furniture,
Proper- ty fridge, Anything you can unplug and it doesn't cause damage to the
property.
5. 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.
6. 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.
7. Real state Agent, broker, financing, litigation, management, developer, constructor,
profes- sions appraiser, architect, land planner, analyst, etc.
8. Infrastructure Services that are built by the government. Exam: Roads, Water, Sewer lines,
Public schools, Police, Fire, Parks, Libraries, Government services.
9. Urban sprawl When someone builds way too far. Concurrency was created to prevent
(leap-frog- ging)
10. Concurrency Same time
(con: TWO)
Currency:
1/
12
, REE 3043 Paul Black- FIU Exam 1 Solved Correctly To
Score A+
Two things happening at
the same time.
1. Impact to society:
Someone building 100
homes- more kids, more
roads need- ed.
2/
12
Score A+
1. Real State Land and improvements to the land-house, structures built on the land.
The land such as mineral rights, oil, gold, Air rights.
2. 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
3. Real property Anything that won't fall out of a house if turned up - side down. It's attached
to the house/building.
4. Personal Not attached to the house/ building ( real property) Exam: Table, furniture,
Proper- ty fridge, Anything you can unplug and it doesn't cause damage to the
property.
5. 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.
6. 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.
7. Real state Agent, broker, financing, litigation, management, developer, constructor,
profes- sions appraiser, architect, land planner, analyst, etc.
8. Infrastructure Services that are built by the government. Exam: Roads, Water, Sewer lines,
Public schools, Police, Fire, Parks, Libraries, Government services.
9. Urban sprawl When someone builds way too far. Concurrency was created to prevent
(leap-frog- ging)
10. Concurrency Same time
(con: TWO)
Currency:
1/
12
, REE 3043 Paul Black- FIU Exam 1 Solved Correctly To
Score A+
Two things happening at
the same time.
1. Impact to society:
Someone building 100
homes- more kids, more
roads need- ed.
2/
12
