David Saks: March 2014

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 2610

#2610

A local construction company recently purchased 75 acres of land and decided to build a number of storage facilities on the property for the storage of building matrerials and machinery.

What is the most significant and notable condition which has been satisfied by the construction of the storage facilities on the property ?

The construction of the the storage facilities on the property establishes inprovement of the property.

When an improvement is built on a parcel of land it can have an impact on the land's value.

Improvements can also have an effect on the land and neighborhoods surrounding it as well.




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • March 10 2014 01:23AM
Real Estate Practice : Lesson 2610
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#2610 A local construction company recently purchased 75 acres of land and decided to build a number of storage facilities on the property for the storage of building matrerials and machinery. What is the most significant and notable… more
Real Estate Practice : Lesson 2609
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#2609 When we talk about a REALTOR®, what kind of a person are we referring to Please take your time. The answer is posted below the wildlife photo. A REALTOR® is a member of the National Association of REALTORS®, which is… more
Real Estate Practice : Lesson 2608
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#2608 When we consider the supply in the real estate markets, between the options of demographics, population, employment, and government financial policies, which one of these has the most impact A. Govermnment financial… more
Real Estate Practice : Lesson 2607
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#2607 Appraisal, financing, property management and development may all be considered example of what A. All of these things are considered specializations within the real estate industry. Property management is the… more
Real Estate Practice : Lesson 2606
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#2606 What factor is most likely to influence the demand for real estate A. Employment opportunities and the wage levels offered. If wages are low and the opportunity for employment is scarce, the demand for real estate… more
Real Estate Practice : Lesson 2605
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#2605 In general, when the supply of a certain commodity increases, what tends to evolve as a natural result of this phenomenon A. Prices tend to drop. Increase in supply can be the result of less demand or over… more
Real Estate Practice : Lesson 2604
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#2604 Some licensees, after dedicating years of service to marketing properties, might decide to retire but not get out of real estate all together. They may decide to help clients make decisions about investing in or purchasing… more
Real Estate Practice : Lesson 2603
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#2603 A bill of sale is a document which is used to transfer the title of personal property from one person to another. Do you believe this fact to be true or false Please take your time. The solution is posted below the… more
Real Estate Practice : Lesson 2602
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#2602 An estmate of a property's market value conducted in a manner based on methods that have been established and undertaken by trained professionals applying professional judgement about market value is performed by whom Take your… more
Real Estate Practice : Lesson 2601
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#2601 What are the two characteristics that we consider to have the most impact when we consider the market value of the land Please take your time. The answers are posted below the wildlife photo. A… more