RLE 83 Final Prep Ch1

RLE 83 Final Prep Ch1

University

17 Qs

quiz-placeholder

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RLE 83 Final Prep Ch1

RLE 83 Final Prep Ch1

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Created by

Stephanie Doll

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17 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The best definition of real property is

anything affixed to the land.

all that is immovable and the bundle of rights.

chattels.

a possessory interest.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Trade fixtures are

usually unattached.

hereditaments.

personal property.

real property.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The highest bundle of rights a person may enjoy under our allodial system is a(n)

determinate estate.

equitable estate.

a fee simple absolute estate.

estate for years.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic characteristics of land include

nonhomogeneity.

indestructibility.

definable boundaries.

fixity of improvements.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fixity of real estate refers to its

indestructibility.

appreciation.

location.

uniqueness

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Leverage involves using a small amount of money to

make a partial payment on a mortgage loan.

purchase a share in a large pool of real estate securities.

make minimal improvements to a property.

secure a large loan for the purchase of property.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The right of possession remaining with the borrower best describes

collateral.

leverage.

hypothecation.

disintermediation.

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