Question

Which of the following is not true about property rights?

1. The basic rights are use, transfer, and exclude.
2. When renting out an apartment the landlord gives up the right to exclude.
3. Differences in the size and quality of the rights in a bundle lead to different values.
4. Air rights can be traded.

Which of the following is true about real estate pricing?

1. Real estate prices are always the same as the value of the real estate.
2. Real estate prices are a function of the value of the real estate.
3. Real estate prices are clearly observable in the market.
4. Real estate prices can be influenced by the number of buyers and sellers active in the market.

What type of easement is usually used for commercial purposes?

1. Appurtenant easement
2. Negative easement
3. Gross Easement.
4. Dominant Easement

10) All estates provide equal rights to its owners.

True/False

11) Externalities only affect real estate values negatively.

True/False

12) An easement creates the right to use while adverse possession can create the right to ownership.

True/False

Answer 1