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)? C 3. Land without any improvements is sometimes called: D 4. Tangible assets refer to all of the following except : 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? B
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