0 of 6 Questions completed
You have already completed the assessment before. Hence you can not start it again.
Assessment is loading…
You must sign in or sign up to start the assessment.
You must first complete the following:
0 of 6 Questions answered correctly
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Assessment in real estate is the setting of a value on property, usually for the purpose of calculating real property taxes.
Any structure or part of a structure that is below the surface of the ground that surrounds it is known as above grade.
A cooperative (also referred to as co-op) is a legal entity, usually a corporation, which owns real estate, usually in the form of a residential building. Individuals who buy “into a co-op” are not actually purchasing real property. Instead, they are essentially becoming: (1) a shareholder in a corporation that owns real property, as evidence by shares of stock allocable to the unit purchased, and (2) a tenant of such corporation, as evidence by a proprietary lease for the unit purchased.
Floor area ratio (“F.A.R.”), at its simplest level, is the ratio between the total amount of usable floor area that a particular building has (or is permitted to build upon), when compared to the total area of the lot which the building stands on.
Listing agreement is a contract in which a real estate broker is hired to represent an owner of real estate in their efforts to sell or lease real estate or a particular space in a building.
Vacancy rate is the percentage of vacant space in a building due to non-occupancy of an available, rentable unit or space.