Real estate principles: a value approach by David C Ling fifth edition. Boston eBook: Document. English. 4th ed. New York: McGraw-Hill Education. Real Estate Principles book. Read reviews from world's largest community for readers. you to see guide real estate principles a value approach 4th edition as you such EBook in PDF Format — Will be Available Instantly after Successful Payment.

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[PDF] Real Estate Principles: A Value Approach (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate) 4th Edition Real Estate Principles: A Value . Real Estate Principles a Value Approach 4th Edition Ling Test Bank Download at : real estate principles a value approach. Editorial Reviews. About the Author. David C. Ling (Ph.D, , and MBA, , The Ohio State University) is the William D. Hussey Professor of Real Estate.

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Community Reviews. Showing Rating details. Sort order. Victor Ochoa rated it it was ok Jun 20, A rated it did not like it Dec 03, Joshua rated it it was amazing Oct 06, Andrel Jerome is currently reading it Aug 11, Deepak marked it as to-read Nov 16, Bobby marked it as to-read Feb 03, Michael added it Feb 08, Viraj Kumbhakarna marked it as to-read Mar 22, Yong Shen marked it as to-read May 02, Rashad Bennett marked it as to-read Feb 02, Katie Poppe marked it as to-read Feb 07, Fee simple absolute B.

Fee simple conditional C. Ordinary life estate D. Legal life estate Ans: Suppose an older homeowner lives adjacent to an expanding university that is interested in acquiring her residence for future university use.

To allow the homeowner to continue to retain all rights of exclusive possession, use, and enjoyment during her lifetime, yet provide the university with the right of disposition, the university may want to download a n: A legal life estate with remainder interest B. Advanced Learning Objective: While leasehold interests are considered estates, they differ from freehold estates in all of the following respects EXCEPT: Leasehold estates are limited in time.

The right of disposition is diminished with a leasehold estate. Leasehold estates are not titled interests. Leasehold estates are possessory interests Ans: Nonposessory interests i. An easement is the right to use land for a specific and limited purpose. Which of the following easements involves a relationship between two parcels of land, is a permanent feature of both parcels involved, and gives the dominant parcel some intrusive use of the servient parcel?

Affirmative easement appurtenant B. Negative easement appurtenant C. Easement in gross D. License Ans: Which of the following is an example of a negative easement appurtenant? A driveway easement across one parcel to another.

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Rights-of-way for roads. A common drive easement where owners of adjoining lots must permit each other to use a driveway lying on their shaped property line. A scenic easement used to restrict construction on adjacent parcels so as to preserve a valued view. An important distinction both practically and conceptually is the difference between an easement and a license. A license is revocable by the grantor. A license can be granted orally. A license is enduring.

A lien is an interest in real property that serves as security for an obligation. Which of the following is an example of a general lien? Property tax and assessment lien B. Mortgage lien C.

Real Estate Principles A Value Approach 4th Edition Ling Test Bank

Lien arising from a court judgment unrelated to ownership of the property D. Which of the following types of liens is automatically superior to any other lien? Co-ownership can occur in a variety of ways, with significant variation in how the bundle of rights is jointly held. All of the following entities are forms of direct co-ownership 6.

This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.

Tenancy in common B. Tenancy by the entirety C. Condominium D. Partnership Ans: Direct co-ownership implies that each co-owner holds a titled interest in the property, but without exclusive possession with respect to the other co-owners.

Which of the following types of direct co-ownership is considered the closest to the fee simple absolute estate?

Tenancy at Will Ans: Which of the following types of direct co-ownership is a form of joint tenancy for husband and wife created by marriage that protects each spouse from liens arising from either spouse alone? Which of the following types of direct co-ownership combines single person ownership with tenancy in common?

Cooperative B. Basic 7. Learning Objective: Which of the following forms of co-ownership, historically used for apartment buildings, is not considered a form of true direct co-ownership, but rather qualifies as a proprietary corporation? Property rights created from marriage have a clear implication for real estate transactions.

Dower B. Curtesy C. Elective share D.

Community property Ans: Restrictive covenants impose constraints on the use of the land, yet are limited in terms of their enforcement. Courts have been reluctant to maintain restrictive covenants for an unreasonably long time and in some cases states have enacted a time limit on their applicability.

Courts may refuse to enforce restrictive covenants due to changing neighborhood character. Courts may refuse to enforce restrictive covenants due to abandonment of the property.

Real Estate Principles A Value Approach 4th Edition Ling Test Bank

Restrictive covenants are public in nature and therefore can be enforced by those who do not hold a legal interest in the property. When multiple individuals have use of a property, but their interests are not simultaneous, this type of co-ownership is referred to as a: Timeshare Ans: In some states, mining companies are deemed to own not only the minerals but also the space the minerals occupied before they were removed, thereby earning the distinction of ownership states.

However, when the owner of an oil or gas well is able to claim all that is pumped from it, regardless of whether the oil or gas migrated from adjacent property, this is referred to as a A.

Manner of attachment B. Law of capture C. Bill and Mike go in together to download acres of land to use for hunting and family vacations. Ten years later, Bill dies and Bill's wife wants to sell his half of the land. What type of co-ownership did Bill and Mike have? Tenancy by the entireties B. Tenancy in common C.

Joint tenancy D. Condominium Ans: The city then decided to charge the property owners along Oak Street a proportional cost of the new water main. If a property owner refuses to pay their proportional share of the cost, the city may file a n: Jeff owns acres between a highway and a public beach. The space for this road would be considered a n: Brian just began graduate school at the local university and is looking to rent an apartment.

A family friend has decided to lease him a two bedroom, one bathroom cottage through an oral agreement with no definite lease period outlined. Tenancy for years B.

Tenancy at sufferance C. Periodic tenancy D. Tenancy by the entirety Ans:A developer may choose to use restrictive covenants to limit the use of the land for environmental purposes, while maintaining the quality, stability, and value of the surrounding lots. Want to Read saving…. Views Total views.

SlideShare Explore Search You. See our Privacy Policy and User Agreement for details. The key to making sound investment decision is to understand how property values are created, maintained, increased or destroyed. Robert Higgins.

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