Introduction to Modern Real Estate

Front

Michael, Daniel, and Sophia are studying the seven sources of law in the United States. Which of the following is NOT an example of one of them? FHA/VA regulations, Court decisions, Local zoning laws

Back

Precedent set by decisions of the city council

Front

Kai and Mia are debating how laws work in class. Which of the following is something that laws passed by Congress and various state legislatures may do?
- set precedents for future court decisions.
- authorize agencies to pass rules and regulations to enforce the provisions of the law.
- not designate penalties and violations.
- clarify and interpret court decisions.

Back

authorize agencies to pass rules and regulations to enforce the provisions of the law.

Front

The legal concept of precedent is important in law. Who can settle their debate by picking the correct statement?

Back

grew out of common law.

Front

What do constitutional provisions do?

Back

establish the rights of citizens and delineate government authority.

Front

Why do real estate license laws exist?

Back

They were passed to protect the public from the possible fraud, dishonesty, and incompetence of unscrupulous brokers and sales agents.

Front

What best describes what common law includes today?

Back

includes both custom and court decisions in its application today.

Front

Grace and Sophia are exploring different types of properties. Which one is an example of commercial real estate? Retail space for lease, A factory

Back

Retail space for lease

Front

Noah and Anika are exploring different types of properties for their school project. Which of the following is an example of special-purpose real estate? A. An apartment complex, B. A public library, C. A shopping center, D. An industrial park

Back

A public library

Front

Which of the following is an example of an economic characteristic of land? Immobility, Indestructibility, Improvements, Nonhomogeneity

Back

Improvements

Front

Which physical and economic factor would NOT be something Abigail, Scarlett, and Aria need to consider for their industrial project? Transportation, Indestructibility, Natural resources available, Public improvements

Back

Indestructibility