22784622
Descripción
Test por LeShaun McKenzie, actualizado hace más de 1 año
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Creado por LeShaun McKenzie
hace más de 4 años
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Pregunta 1
Pregunta
All of the following are separable ownerships in land EXCEPT:
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surface of the land.
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area below the surface.
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nonhomogeneity.
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air rights.
Pregunta 2
Pregunta
The characteristic of land that causes the real estate market to be essentially a local market is the physical characteristic of:
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indestructibility.
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immobility.
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availability.
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natural features.
Pregunta 3
Pregunta
The nonhomogeneity of land:
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is the basis for the legal remedy of specific performance.
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results from the uniqueness of every parcel of real estate.
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is a physical characteristic of land.
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all of the above.
Pregunta 4
Pregunta
An increase in the economic supply of land has resulted from:
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increased utilization of the physical supply of land.
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modification by improvements to the land.
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high-density development.
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all of the above.
Pregunta 5
Pregunta
The quality of the location of land and, consequently, the value of the land can be changed by:
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the principle of nonhomogeneity.
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relocation of the land.
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changes in the national scope of the real estate business.
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improvements to the land that result in accessibility not previously available.
Pregunta 6
Pregunta
The employment of the concept of highest and best use:
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includes consideration of the physical and economic factors affecting land use.
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results in the greatest present value of the land.
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must be a use feasible in the near future.
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all of the above.
Pregunta 7
Pregunta
An example of public land use controls is:
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restrictive covenants.
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zoning laws.
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deed restrictions.
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protective covenants.
Pregunta 8
Pregunta
Real estate investment offers the opportunity to produce a profit in the following ways EXCEPT:
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appreciation.
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positive cash flow.
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specific performance.
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tax advantages.
Pregunta 9
Pregunta
The real estate market may be described in all the following ways EXCEPT:
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a free market.
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a local market.
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a movable market.
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a market that is slow to react to changes in supply and demand.
Pregunta 10
Pregunta
The function of a real estate agent in dealings with buyers and sellers in the real estate market may best be described as which of the following?
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financier
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counselor or advisor
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contractor
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salesperson
Pregunta 11
Pregunta
The real estate agent must have specialized knowledge of a variety of subjects that include all of the following EXCEPT:
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financing.
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contracts.
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legal advice.
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valuation of property.
Pregunta 12
Pregunta
Economic characteristics of real property include which of the following?
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location
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immobility
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indestructibility
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nonhomogeneity
Pregunta 13
Pregunta
Which of the following has the greatest effect on real property value?
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tax rates
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location
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availability
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indestructibility
Pregunta 14
Pregunta
Which of the following is an example of the private control of land use?
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zoning
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restrictive covenants
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building codes
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environmental controls
Pregunta 15
Pregunta
The term REALTOR® designates:
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any real estate licensee.
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a real estate licensee who is a member of the national, state, and local association of REALTORS®.
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only licensees who hold broker’s licenses.
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all of the above.
Pregunta 16
Pregunta
Physical characteristics of land include all of the following EXCEPT:
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location.
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nonhomogeneity.
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permanence.
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immobility.
Pregunta 17
Pregunta
The National Association of REALTORS® is:
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a government organization.
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a trade group.
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an organization for buyers and sellers of commercial real estate.
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all of the above.
Pregunta 18
Pregunta
Factors affecting supply and demand in real estate include all of these items EXCEPT:
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government regulations.
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interest rates.
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local economic conditions.
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real estate investment trusts.
Pregunta 19
Pregunta
Scarcity and location are examples of:
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physical characteristics of the land.
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highest and best use.
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permanence of investment.
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economic characteristics of the land.
Pregunta 20
Pregunta
All of the following are public land use restrictions EXCEPT:
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building codes.
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protective covenants.
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zoning.
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regional planning.
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