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International, IT Real Estate News

By David Saks, Broker / Industry Analyst
#2625 When we consider the methoda of annexation, adaptation and the type of agreement, these are considered the legal tests for determining whether or not an item is land or real estate ? True or false ? A. False The method of annexation, the type of adaptation, and the kind of agreement entered into are the legal tests for considering whether or not an item is real property or personal property. In brief, the county assessors office might have more to do with whether or not an item is to be considered real property or personal property.
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By David Saks, Broker / Industry Analyst
  #2624 If a property owner doesn't want to deal with the day to day task of managing an apartment complex or any other form of rental property the owner can hire a developer. Is this true or false ? Take your time. Thge answer is posted below the wildlife photo. A. False The property owner would hire a property manager to manage the property and see to the day to operation of it's affairs.
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By David Saks, Broker / Industry Analyst
  #2623 Appraisal, financing, property management, and real estate developement are all specializations directly linked to state and governmental finance policies. Is this true or false ? Take your time. The solution is posted below the wildlife photo. A. False Financing, property management, appraisal and developement are considered separate professions within the real estate industry.
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By David Saks, Broker / Industry Analyst
  #2622 When the population of a town suddenly increases, demand for housing will start to decrease and so will real estate prices. Is this true or false ? Take your time. The answer is posted below the wildlife photo. A. False The opposite is true. The demand for housing will begin to increase and home prices will start to follow the trend. Prices will increase.
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By David Saks, Broker / Industry Analyst
     #2621 When someone advises a client regarding a real estate matter and is advising this client for purchase of investment purposes this person is called a mortgage broker ? True or false ? Take your time. The answer is posted below the wildlife photograph. A. False A mortgage broker assists a client in the search to finance the property. The person we're referring to is known as a real estate counselor.
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By David Saks, Broker / Industry Analyst
Here is a link to the complaint filed March 17, 2014 in a lawsuit against Zillow. "At Move, we take our trade secrets and intellectual property extremely seriously as a valuable asset in our competitive position in the marketplace," said Steve Berkowitz, CEO of Move.  "We take action in cases in which we believe our trade secrets have been compromised. We have raised this matter for the courts and believe that the matter will be resolved judiciously."     Click Here For the Complaint  Move, Inc. (NASDAQ: MOVE), filed a lawsuit against Zillow, Inc. (NASDAQ:Z) and Errol Samuelson in the Superior Court of King County, Washington for breach of contract, breach of fiduciary duty, and misappropriation of trade secrets among others actions. The National Association of REALTORS and its subsidia...
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By David Saks, Broker / Industry Analyst
I'll make this simple. Nothing welcomes Springtime better than a box of Girl Scout Cookies. My pantry's full of them. I can't pass a Girl Scout Cookie kiosk without buying a box. Do.Si.Dos are my favorite. And one of my favorite things about Spring. Grab some !
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By David Saks, Broker / Industry Analyst
    #2620 When we talk about retail space and office buildings we're usually speaking of examples of special use real estate and commercial property. Please take your time. The answer is posted below the wildlife photo. Is this true or false? A. False When we speak about office buildings or any type of retail space we're referring to commercial property or commercial real estate. Industrial real estate is real estate that includes factories and warehouses. Special use real estate includes churches of housing facilities for the homeless.
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By David Saks, Broker / Industry Analyst
#2619 When we talk about REALTORS® we're talking about professionals that are members of the National Association of Real Estate Brokers. Is this true or false ? This is a very tough question, so please take your time before you scroll down below the wildlife photo for your solution.   A. False When we talk about members of the National Association of Real Estate Brokers we're referring to Realists. When we talk about REALTORS® we're talking about members of the National Association of REALTORS®.
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By David Saks, Broker / Industry Analyst
   #2618 Power plants, warehouses and factories are considered examples of commercial property when the various classes of real estate are applied to identify such properties. Is this true or false ? Take your time. The solution is posted below the wildlife photo. A. False Power plants, warehouses and factories are not commercial properties. They're classified as industrial properties because of the nature of the businesses they house.
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By David Saks, Broker / Industry Analyst
#2617 When we consider the supply of labor and the cost of construction we also consider that supply of labor and cost of construction will impact the demand for real estate in any market region. Is this consideration true or false ? Please take your time. The solution is posted below the wildlife photo. A. False Cost of construction and the supply of labor impact the supply of real estate in any market region. Job opportunities and relocation, such as the opening of a military installation, can impact the demand for real estate or housing in all of it's aspects.
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By David Saks, Broker / Industry Analyst
   #2616 There are five classes of real estate. They are commercial, residential, agricultural, rental, and special purpose. Is this characteriztion of the five classes of real estate true or false ? Take your time. The solution is posted below the wildlife photo. A. False The five classes of real estate are commercial, residential, agricultural, industrial and special purpose. Rental is not considered a class of real estate. Rental property could find it's way into an investment category.
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By David Saks, Broker / Industry Analyst
     #2615 When something has the quality of being uniform throughout in it's composition or structure or has the quality of being similar or comparable in kind or nature we call it homogenous. Land has some of this quality. Land is indestructable and immobile. Parcels of land share some of this homogenous quality. But when land has a lack of uniformity, when it is considered unlike other parcels of land, dissimilar so to speak, there is another term which describes land of this nature. What is the term that describes this lack of uniformity ? Please take your time. The answer is posted below the wildlife photo. A. Non homogeneity Real estate is said to be nonhomogenous because no two parcels of real estate are consisdered to be exactly alike. There is no absolute uniformity between any...
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By David Saks, Broker / Industry Analyst
  #2614 A man is building a deck on the rear patio slab of his new home. He has just purchased the lumber which he needs to build the deck. The lumber has just been delivered by the trucking company and left in the driveway for him. Is the lumber considered to be real property (property to be affixed to the existing structure), or personal property ? Remember to take your time. The answer is posted below the wildlife photo. A. Personal property because it isn't affixed to the property. By converting personal property (the lumber) into an assembled fixture which is permanently attached to the house, a process known as annexation takes place.  Until this process has occurred, the unattached lumber remains personal property. Licensees should be able to make the distinctions between real pr...
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By David Saks, Broker / Industry Analyst
#2613 When considering the concept of real estate, most of the follwing would be included in the sale of a parcel of land except which of the following items ? 1. Air Rights above the property 2. The rights to the trees 3. The rights to the mineral substance below the surface of the land 4. The annual crops produced on the land Please take your time. The answer is posted below the wildlife photo. A. The annual crops produced on the land Fruit, vegetables, corn, soybean, cotton or other crops are considered personal property and are transferred  in the sale of the property unless the farmer has indicated that he intends to harvest his crops, or has made other preparations to remove them as these items are considered personal property or 'emblements', a visible symbol of his labor. Crops ...
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By David Saks, Broker / Industry Analyst
  #2612 When a buyer purchases a parcel of land and turns around and negotiates the sale of the oil rights to a petroleum refinery or mineral rights to a mining group what kind of right is the buyer rescinding to the buyer of the mineral or petroleum company ? Take your time. The solution is posted below the wildlife photograph. Subsurface rights. The buyer has given up the rights to the natural resources lying below the surface of the land in the sale negotiation.
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By David Saks, Broker / Industry Analyst
  #2611 A man owns a building in a commercial section of the community. The man has a tenant that rents space in the property that he owns. The tenant operates a beauty parlor. The tenant has installed display shelves. These are fixtures fastened to the walls which house beauty products for sale to her customers. What are these fixtures commonly referred to by the owner of the property? Take your time. The answer is posted below the wildlife photo. The fixtures are known as trade fixtures and the fixtures may be removed by the tenant before the expiration of the lease.
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By David Saks, Broker / Industry Analyst
Remembering David Brenner (February 4, 1936 – March 15, 2014) I spent little time laughing with him a few years ago While he was visiting Memphis Thanks for the laughs David !
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