A church is an example of what type of real estate

Real estate unit 1 Flashcards Cabinets are fixtures and belong to the owner of the real estate A church is an example of what type of real estate Fixtures use in a trade or business or trade fixtures in our personal property What physical characteristics make real estate easy for local governments to text and causes it to be heavily influenced by changes in the surrounding area The term fixity means that because real estate is immobile and a nonstandard product investments in real estate or long term James is building a new enclosed front porch I was home a truck load of lumber has been left on Jameses driveway for use in the building the porch at this point the lumber is considered which kind of property Because real estate is immobile changes in the surrounding area will be greatly affected and it is easier to locate for assessing and collecting taxes by local governments Which of the following is included in the definition of real estate but not the definition of land BStore shelves and restaurant equipment are examples of which of the following Commercial property includes office buildings retail stores and shopping malls A mobile home on a permanent foundation most likely would be considered Trade fixtures are personal property and belong to the tenant Which economic characteristic of real estate refers to the concept that changes in a parcel of land affect its value are the favorably or unfavorably The real estate industry provides several services besides brokerage Which of the following is considered personal property The term realtor is a registered trademark of the national association of realtors Harold owns a building in a commercial area Tom rent space in The building and operates a bookstore. In Tom's bookstore or large tables fastened to the wall where customers are encouraged to sit and read shows great house from the front of the stores in the back. The shows are bolted to put the ceiling and the floor. Which of the following best characterizes the content of tom's bookstore Wages Levels affect the demand for real estate people will be more willing to make a major purchase commitments if they have better employment opportunities The term realtor can only be used by who With more real estate available prices will decreaseWhich of the following describes the act by which real property can be converted to personal property Scarcity. Means that they amount of land is finite and there may not be enough in certain areas to satisfy demand Included in the term real property is Situs. is an economic characteristics of real estate that refers to people's preference for certain areas A warehouse is an example of which type of real estate The term modifications means changes in a parcel of land in fact it's value A-10 it occupies a rental unit in an egg and apartment building and installs new wooden kitchen cabinets at the end of the lease the tenant wishes to remove the cabinets

which of the following is true regarding the removal of the cabinets

The time period during which an item has been attached is not of the test used to determine whether it is a fixture which of the following would affect the demand for real estateA. Number of real estate brokers in the areaB.Number full-time real estate sales people in the areaC.Wage levels and employment opportunitiesD. Price of new homes being built in the area Industrial property includes factories where houses in research development buildings A system of laws that recognizes private ownership of land is called trade fixtures are the tenants personal property and maybe removed at any time An office building is an example of which type of real estate The Allodial system recognizes private ownership of landOf the following items which is considered personal propertyA. A stores display countersB. A garageC. An install dishwasherD. Growing bushes special purpose . Special property includes parts cemeteries schools another property that does not fit descriptions for other classes in real estate A restaurant owner occupied a lease space in a commercial building installs a large neon sign in the window. The sign will probably be considered These are test for determining whether an item is a fixtureShopping mall is an example of which type of real estate Real property includes the earths surface above and below thanks permanently attached in the rice to use them The economic characteristics of situs refers to which of the following Commercial propertyLaws developed through the years by the courts based on customer and usage are called Common lawThe economic characteristics of scarcity refers to which of the following Display counters if installed and owned by the tenant or consider trade fixtures in there for personal property In general when the supply of real estate increases The lumber is movable and not attached to the real estate at this point and therefore is personal property Property management, appraisal financing and development are all examples of If the mobile home is placed on a permanent foundation it would most likely be considered real property The economic characteristics of permanence of investment refers to which statement The definition of land does not include things artificially attached such as fixtures Which economic characteristic of real estate refers to the concept that the supply of land is limited and therefore strong demand in certain areas will increase property values It's real property is severed it becomes personal propertyIn determining whether an item is real or personal property a court will consider all the following exceptA adaptation of the item to the real estateB. The method of attachmentC.Permanence of the installationD. The length of time the item has been