Introduction to real estate diagnostic test

The physical characteristics of real property that no parcels of land are exactly alike is called

Store shelves and restaurant equipment are examples of which of the following

Intent of the parties, method of annexation, adaptation to real estate, and agreement between the parties are the legal tests for determining whether an item is

A shopping mall is an example of which type of real estate?

Laws based on custom and usage that have been developed through the years by the courts are called

The economic characteristic of scarcity refers to the statement that

Included in the term real property is

The economic characteristic of situs refers to the statement that

A warehouse is an example of which type of real estate

A sysytem of laws that recognizes private ownership of land is called

Which item is considered personal property

In general, when the supply of real estate increases,

What term best describes the act by which real property can be converted to person property

A buyer and a seller of a home are debating whether a certain item is real or personal property. The buyer believes it is real property and should be conveyed with the house; the seller believes it is personal property and may be conveyed separately with a bill of sale. In determining whether the item is real or personal property the court would consider

In the real estate market, several factors affect the supply and demand for real estate. What would affect the demand for real estate?

The term REALTOR can be used only by

An owner of a building in a commercial area rents space in the building to a tenant who operates a bookstore. In the bookstore are large tables fastened to the walls, where customers are encouraged to sit and read. Shelves create aisles from the front of the store to the back. The shelves are bolted to both the ceiling and the floor. Which of the following characterizes the contents of the bookstore

An office building is an example of which type of real estate?

A mobile home on a permanent foundation would likely be considered

The economic characteristic of permanence of investment refers to which statement

A homeowner is building a new enclosed front porch. A truckload of lumber has been left on the porch. At this point, the lumber is considered which kind of property

Property management, appraisal, financing, and development are all examples of

Which of the following is considered personal property

Which economic characteristic of real estate refers to the concept of real estate refers to the concept that changes in a parcel of land affect its value either favorably or unfavorably

A tenant occupies a rental unit in an apartment building, and without notifying the owner, installs new wooden kitchen cabinets. At the end of the lease, the tenant wishes to remove the cabinents. Which of the following is TRUE regarding the removal of the cabinets.

A church is an example of what type of real estate?

A restaurant owner occupying a leased space in a commercial building installs a large neon sign in the window. The sign would probably be considered

What physical characteristics make the real estate easy for local governments to tax and causes it to be heavily influenced by changes in the surrounding areas?

What real estate term is the broadest

Which economic characteristic of real estate refers to the concept that the supply of land is limited and that, therefore, strong demand in certain areas will increase property values?