REE 3043 EXAM 1 | 120 Questions with 100% Correct Answers | Updated 2023
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Which is NOT a method the federal government uses to influence the real estate market? - ✔✔Through zoning regulation Real estate markets differ from other asset classes by having all of the foll ... owing characteristics except: - ✔✔homogeneous All of the following statements define the role of Real Estate in our economy except: - ✔✔Real Estate generates only 20% of local government revenue (property tax). Real Estate as a tangible asset includes all of the following except: - ✔✔A mortgage Approximately what portion of U.S. households owns their own home? - ✔✔Approximately two-thirds. The most common form of legal description for urban residential property is the: - ✔✔Plat lot and block number The total value of owner-occupied housing and investible commercial real estate in the United States is estimated to be approximately: - ✔✔31 trillion [Show More]
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