ONE

Question 1

All of the following are separate ownership in LAND  Except?
A. Surface of the land
B. area below the surface 
C. Non-homogeneity
D. Air Rights

Answer 1

C. Non-homogeneity

Question 2

The characteristics of land that cause the real estate market to be essentially a local market is the physical characteristic of:

Answer 2

Immobility

Question 3

The Non-Homogeneity of land:

Answer 3

is the basis for legal remedy of specific performance, results from the uniqueness of every parcel of real estate & is a Physical characteristic of land

Question 4

An increase in the economic supply of land has resulted from

Answer 4

high density development
modifications or improvements to the land
increased utilization of the physical supply of the land.

Question 5

What changes the quality or value of the land?

Answer 5

improvements to the land that result in accessibility not previously available.

Question 6

An example of public land use controls is?
A. restrictive covenants
B. zoning laws
C. deed restrictions 
D. protective covenants

Answer 6

B- Zoning Laws

Question 7

Real estate investment offers the opportunity to profit in the following ways, EXCEPT?
A. appreciation 
B. positive cash flow 
C. specific performance
D. tax advantages

Answer 7

C. Specific Performance

Question 8

Economic characteristics of real property include which of the following? 
A. Location 
B. immobility 
C. indestructibility
D. non-homogeneity

Answer 8

A. Location

Question 9

Which of the following have the greatest effect on real property value?
A. tax rates
B. Location 
C. Availability 
D. indestructibility

Answer 9

B. Location

Question 10

Which of the following is an example of private control of land use? 
A. zoning
B. restrictive covenants 
C. building codes
D. environmental controls

Answer 10

B. Restrictive Covenants

Question 11

Physical characteristics of land include all of the following EXCEPT?
A. location 
B. non-homogeneity 
C. permanence 
D. Immobility

Answer 11

A. Location

Question 12

Scarcity and location are examples of ? 
A. Physical characteristics 
B. highest and best use
C. Permanence of investment 
D. economic characteristics of the land

Answer 12

D. Economic Characteristics of the land

Question 13

All of the following are public land use restrictions EXCEPT? 
A. building codes
B. protective covenants 
C. zoning 
D. regional planning

Answer 13

B. Protective Covenants