This quiz will be used for practice only. The questions are from class material.
Price tends to rise
Price tends to fall
Price is not affected
The market becomes stagnant
All of the above
Sales affiliate
Broker
Property manager
Appraiser
Population
Construction costs
Government controls
The labor force
Residential
Developmental
Agricultural
Industrial
Population
Demographics
Wage levels
Fiscal policy
The definition of real property
A legal description
Real estate transactions
Leases for less than one year
The right to sell the property to a neighbor
The right to exclude the utilities' meter reader
The right to erect "no trespassing" signs
The right to enjoy profits from its ownership
A fixture
An easement
Personalty
A license
Physical deterioration
Area preference
Permanence of investment
Immobility
Wood-burning fireplace
Awnings
Bathtubs
Patio furniture
Streets
A sanitary sewer system
Trade fixtures
The foundation of a building
Severance
Purchase
Hypothecation
Attachment
Indestructibility
Uniqueness
Immobility
Scarcity
All of the identified items because they are trade fixtures
Only the venetian blinds as personal property
Only the wall bed because it is real property
None of the identified items
Indestructible
A wasting asset
Immune to the forces of supply and demand
Subject to personal property rights
The rancher
The tenant to whom the property has been leased
The state government
The federal government
On-site built
Semi-detached single family
Manufactured
Multi-family
Treated as real property
Considered to be chattels
Removable by a tenant before the expiration of the lease
Removable by a tenant after the expiration of the lease
Operate as usual
No longer use the tracks under the building
Use the tracks under the building only if they cause no problem for the building's occupants
Use the tracks under the building as long as they first obtain the building owner's permission
Scarcity
Permanence of investment
Uniqueness
Area preference
Greater variety
Mobility
Cost
Mutiplicity of use
Sewers
Crops
Buildings
Roads
After they are installed
After Klem defaults on his rental payments
After the lease takes effect
If Klem does not remove them at lease expiration
Improvements
Appurtenances
Not conveyed with the real estate
Restricted to air and water rights
Requiring lower down payments
Offering adjustable-rate mortages
Penalizing first-time homebuyers for using funds from IRA's
Lowering closing costs for first-time home buyers.
Wait!
Here's an interesting quiz for you.