1. The right to use, occupy, and control real estate that is limited by the life of a designated party is referred to as a

   		Leased fee life interest
   		Leased fee estate
   		Leased fee absolute
   		Life estate

1 points

QUESTION 6

1. The interests, benefits, and rights inherent in the ownership of real estate is?

   		real estate
   		fixtures
   		intangible property
   		real property

1 points

QUESTION 7

1. Which type of value applies in ad valorem taxation and refers to the value of a property according to the tax rolls?

   		Use value
   		Assessed value
   		Market value
   		Value of the going concern

1 points

QUESTION 8

1. Including land, a building cost $5,000,000 to build as of a certain date. Its value as of that same date

   		Cannot be less than $5,000,000
   		Must be greater than $5,000,000
   		Can be greater than, equal to, or less than $5,000,000
   		Is equal to $5,000,000 plus a market-oriented adjustment for profit