Unit 2 Quiz Attempt #2

Which of the following are characteristics of physical land?

Which of the following are known as an economic characteristic(s)?

Land, minerals beneath the earth’s surface, water on/below the earth’s surface and air above the surface all describe what

Which of the following is not considered an improvement to a property?

All of these are the physical characteristics of land EXCEPT

Fill in the blank: Operations, such as ______, will have an influence on the surrounding properties in the neighborhood.

What definition matches the term: Real Property?

The following examples are defined as what kind of property: canals, ponds, machinery, and buildings.

To be legitimate, a claim to any real property must be accompanied by a _____________.

Fill in the blank: Real Property has the ________ or controls, and_________  of the land and all attached objects.

“The location of land cannot be changed” best describes which physical characteristic?

“No matter the size, shape, or similarities between two exactly identical parcels each individual parcel is ‘one of a kind’” best describes which physical characteristic?

Fill in the blank: _______ impacts the value of a commodity.

Which term matches the definition: ________ is the period of time that the ROI (Return on Investment) will be realized over

“Regardless of any man-made or natural changes, land remains basically the same.” best describes which physical characteristic?

Appreciation is a term best described as ________

Define “appreciation”

If you build cabinets into the wall and sell that house, the cabinets are sold with the property because they are a:

A fixture becomes real estate by:

Which aspect of real estate is affected by change, contribution and substitution?

The characteristics of value include which of the following

Which of the following is not considered personal property?

Which of the following can be describes as the listing or asking price?

What happens when the supply of the certain commodity increases?

______ in real estate means that no two parcels are the same.

The definition of economic base is:

If you buy a house and build cabinets into the wall, then sell that house, the cabinets stay because they have become a:

What is an appurtenance in real property?

What is a fixture?

Johnathan owns a large parcel of land. He has it surveyed into lots and streets, then files a subdivision plat. Which of the following can legally describe each lot?