Chapter 1 and 2 Questions

Questions:

1.     What is property?

2.     What is an example of intangible property?

3.     Are cost, price, and value the same thing?

4.     Provide three definitions of real estate.

5.     What is a bundle of rights?

6.     Is real property tangible or intangible?

7.     What three markets interact in real estate?

8.     What is the difference between equity and debt in real estate?

9.     What is IRV?

10.  Name eight things government does in real estate.

11. Name six reasons that the real estate market is different than other markets.

12.  Name three things that property rights allow you to do.

13.  What are subsurface rights?

14. Who owns the subsurface rights in Saudi Arabia?

15. Who owns the subsurface rights in the U.S.?

16. What is the strongest possessory interest estate?

17. What is the weakest possessory interest estate?

18. What is a life estate?

19.  What is a leasehold estate?

20. Do leaseholds have titles to property?

21. What right does a renter have?

22. What right does a landlord have?

23.  Can you hold non-possessory rights in real estate?

24. What is an easement?

25.  Name four types of liens.