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Real Estate Principles: A Value Approach 5th Edition Test Bank

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Real Estate Principles: A Value Approach, 5e(Ling)Chapter 1The Nature of Real Estate and Real Estate Markets1) When viewed as a tangible asset, real estate can be defined as the land and its permanentimprovements. Improvementsonthe land includeA) fences.B) walkways.C) sewer systems.D) streets.Answer:ADifficulty: 1 EasyLearning Objective:01-01 Provide three alternative definitions for the term real estate.Accessibility:Keyboard Navigation2) All of the following are examples of an improvementonthe landexceptA) fences.B) building.C) walls.D) streets.Answer:DDifficulty: 2 MediumLearning Objective:01-01 Provide three alternative definitions for the term real estate.Accessibility:Keyboard Navigation3) Real estate is defined as land and its permanent improvements. Which of the following is anexample of an improvementtothe land?A) fenceB) buildingC) sewer systemD) personal propertyAnswer:CDifficulty: 2 MediumLearning Objective:01-01 Provide three alternative definitions for the term real estate.Accessibility:Keyboard Navigation

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Real Estate Principles: A Value App...

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