Spring 2007 - Quiz1

Spring 2007 - Quiz1 - Spring 2007 University of Colorado at...

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Spring 2007 University of Colorado at Boulder Leeds School of Business Real Estate 3000: Principles of Real Estate Practice Quiz 1 35 questions, 1 point per question This copy is for students in Real 3000 2007 spring. Do not distribute without the instructor’s permission. B 1. The term “real estate” is used in three fundamental ways. These include all of the following EXCEPT A) to identify land and buildings. B) to identify the police power of governments. C) to denote the “bundle” of rights associated with the ownership and use of the physical assets. D) to refer to the industry related to acquisition, operation, and disposition of the physical asset. C 2. Which of the following is considered to be an improvement to the land (not an improvement on the land)? A) fence B) deck C) storm drain D) building C 3. Land without any improvements is sometimes called: A) bad land B) unwanted land C) raw land D) real land D 4. Tangible assets refer to all of the following except : A) cars B) land C) shoes D) patents C
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5. Because of the heterogeneity and immobility of real estate assets, the market for evaluating, producing, buying, selling, leasing, and managing real estate tends to be all of the following except : A) highly segmented B) localized C) extremely liquid D) involved in privately negotiated transactions with relatively high transaction costs A 6. Which offers the lowest degree of uncertainty in investment cost? A) buying a new structure under builder warranty B) renovation projects C) the building of innovative structures D) redevelopment projects B 7. What two elements are involved in every investment decision? A) comfort and value of future benefit B) initial cost and value of future benefit C) initial cost and preference D) recognition and preference D 8. The following are all non-monetary investment decisions for a home except : A) location of work B) opportunities for sports and recreation C) convenience to social network D) appreciation of property A 9. Which of the following does not add investment value to a property?
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This note was uploaded on 04/23/2008 for the course REAL 3000 taught by Professor Peng,liang during the Spring '08 term at Colorado.

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Spring 2007 - Quiz1 - Spring 2007 University of Colorado at...

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