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When viewed as a tangible asset, real estate can be defined as the land and its permanent improvement. Improvements on the land include:
a. fences
b. walkways
c. sewer systems
d. streets
walkways, sewer systems, and streets are improvements to the land
Real Estate is property, which can be either a tangible or an intangible asset. Which of the following is considered an intangible asset?
a. land
b. building
c. mortgage
d. motor home
land, building, and motor homes are considered tangible assets
tangible asset
physical things
what is considered a tangible asset
cars, clothing, land, or buildings
intangible asset
nonphysical things including contractual rights, financial claims, interests, patents, or trademarks
when the value of land is considered, it is important to distinguish between land and raw land. Raw Land refers to a
a. building site
b. structure on the land
c. property's infrastructure
d. area that does not include any improvements
the size of a single family residential lot is typically
less than one acre
as of 2008, the single largest asset category in the net worth portfolios of households is:
housing
as of December 2008, the market value of outstanding real estate mortgage debt was
greater than the market value of corporate, foreign, and US Treasury debt securities combined
real estate values derive from the interaction of three different sectors in the economy. Which of the following sectors serves to allocate financial resources among households and firms requiring funds?
a. user market
b. capital market
c. government
d. local market
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