Skip to main content

Property ownership

Which is the least restricted or most complete form of ownership, where an owner has absolute title, which can be transfered by sale or bequest?

A. Fee simple
B. Condominium
C. Cooperative
D. Leasehold
E. Sale-and-leaseback

AnswerA. Fee simple. Condos include an interest in common building elements; Co-op is ownership of shares in a cooperatively owned building; Leasehold is a temporary right to land or property; Sale-leaseback sells the property asset to another entity and leases it back for a long term.

ARE 4.0 exam prep: PPP

Comments

Post a Comment

Try These Too!

Bolted connections

What is the minimum spacing of bolts specified by AISC? and preferred spacing? A. 1 1/4 times the diameter of the bolt; 2 times preferred B. 1 3/4 times the diameter of the bolt; 2 1/4 times preferred C. 2 1/3 times the diameter of the bolt; 2 2/3 times preferred D. 2 2/3 times the diameter of the bolt; 3 times preferred E. 3 times the diameter of the bolt; 3.25 times preferred
Post a Comment
See the answer »

Roof pitch

Which one of the following slopes in this illustration corresponds with an 8:12 pitch roof? A. 45° B. 36.87° C. 33.69° D. 26.57°
Post a Comment
See the answer »

Soil Analysis

In sieve analysis, one of the first results measured is the % retained in each sieve of the total sample (W sieve / W total x 100%). If the illustrated sample indicates equal amounts of various sizes of aggregate, where most of the voids in such material will be filled with particles, which gradation term is used? A. Narrow gradation B. Gap gradation C. Dense gradation D. Open gradation E. Rich gradation
Post a Comment
See the answer »