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Illinois Real Estate Exam

Category - Real Estate

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Which of the following items is usually considered to be a cost of home ownership?

Land depreciation
Improvement appreciation
Amenity value
Interest lost on the owner’s equity

Explanation

Answer: D. The interest that is lost on owner’s equity is usually identified as lock in equity. This term applies to the fact that the owner cannot utilize the funds for other investment purposes.

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Illinois Real Estate Exam

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