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Test Bank For Real Estate Principles: A Value Approach, 4th Edition

Let Test Bank For Real Estate Principles: A Value Approach, 4th Edition be your exam guide, filled with practice questions and solutions that make studying easier.

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Chapter 1-The Nature of Real Estateand Real Estate Markets1-1Multiple Choice Questions[QUESTION]1.When viewed as a tangible asset, real estate can be defined astheland and its permanentimprovements. Improvementsonthe land include:A. fencesB. walkwaysC. sewer systemsD.streetsAns: ADifficulty:BasicLearning Objective: 1[QUESTION]2.Real estate is property, which can be either a tangible or an intangible asset. Which of thefollowing would be considered an intangible asset?A.LandB.BuildingC.MortgageD.FenceAns: CDifficulty:BasicLearning Objective: 1[QUESTION]3. If we desire to classify land by its use, land that does not include any improvementstotheland would be categorized as:A. “Raw” landB.Building siteC. Developed landD.Property infrastructureAns: ADifficulty: BasicLearning Objective: 2[QUESTION]4.The size of a single family residential lot is typically:A. less than one acreB. between one and two acresC. between two and three acresD. greater than three acresAns: ADifficulty:Intermediate

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Real Estate Principles: A Value App...

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