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Real Estate Principles: A Value Approach (The Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate) 3rd Edition Test Bank

Real Estate Principles: A Value Approach (The Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate) 3rd Edition Test Bank delivers a complete question bank to help you study smarter and score higher.

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11.When viewed as a tangible asset, real estate can be defined as the land and its permanent improvements.Improvementsonthe land include:A. fencesB. walkwaysC. sewer systemsD. streets2.Real estate is property, which can be either a tangible or an intangible asset. Which of the followingwould be considered an intangible asset?A. LandB. BuildingC. MortgageD. Motor home3.When the value of land is considered, it is important to distinguish between land and raw land. Raw landrefers to a(n):A. building siteB. structure on the landC. property's infrastructureD. area that does not include any improvements4.The size of a single family residential lot is typically:A. less than one acreB. between one and two acresC. between two and three acresD. greater than three acres5.As of 2008, the single largest asset category in the net worth portfolios of households is:A. government and corporate bondsB. stocks and mutual fund sharesC. consumer durable goodsD. housing6.As of December 2008, the market value of outstanding real estate mortgage debt was:A. greater than the market value of corporate equitiesB. less than the market value of U.S. Treasury securitiesC. less than the market value of corporate and foreign bondsD. greater than the market value of corporate, foreign, and U.S. Treasury debt securities combined7.Real estate values derive from the interaction of three different sectors in the economy. Which of thefollowing sectors serves to allocate financial resources among households and firms requiring funds?A. User marketB. Capital marketC. GovernmentD. Local market8.The demand for real estate derives from the need that participants in the user market have for shelterand convenient access to other locations. The primary participants in the user market include all of thefollowing EXCEPT:A. owner occupantsB. tenantsC. rentersD. pension fund managers

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