REAL 4000 UGA Test 1 Latest Updated 2024/2025 Actual Questions and Answers Fully Solved 100% Guaranteed Success.(Graded A+)
8 views 0 purchase
Course
REAL 4000 UGA
Institution
REAL 4000 UGA
clustering - examples: apparel stores in a mall or any business where customers like to
comparison-shop
raw land - land that does NOT include structures or any improvements
role of government in real estate - - local govt has the most influence
- state govt has the least effect
- national govt...
REAL 4000 UGA Test 1
clustering - examples: apparel stores in a mall or any business where customers like to
comparison-shop
raw land - land that does NOT include structures or any improvements
role of government in real estate - - local govt has the most influence
- state govt has the least effect
- national govt also has significant impact
how is the term "real estate" used? - 1. used to identify tangible assets of land/buildings
2. used to denote the bundle of rights associated w/ ownership of assets
3. used in reference to the business of real estate
improvements on land vs improvements to land - ON land - fixed structures such as buildings,
walls etc
TO land - include components necessary to make the land suitable to be used such as infrastructure
land - - often used to refer to a building site, lot, etc. and not just land
real property - rights associated with ownership of land and all permanent attachments to land.
*used interchangeably with real estate
personal property - objects that are moveable and not permanently attached to the
land/structure, including furniture and tenant fixtures that are often purchased along w/ real property
acquisitions.
acre - 1 acre = 43,560 sq ft
640 acres = 1 sq mile
user markets - when users are competing for PHYSICAL locations/spaces
, capital markets - FINANCIAL sector of the economy that allocates financial resources among
households/firms that require funds
- participants invest in stocks, bonds, etc. to receive a fin. return on their investment
capital market: equity interests - owners of the real estate
- these people get their ROI through rent, price appreciation, etc.
capital market: debt interests - the lenders
- hold claims to interest on the borrowed funds that people use to invest, etc.
capitalization rate - ratio of a property's annual net income from rental operations to it's value
property - anything that can be owned or possessed
txtbk def: the percentage that is obtained when the income produced by a property (or a specified
interest in a property) is divided by the value or sale price of the property (or the specified interest in the
property).
how does the national government influence real estate? - through income tax and housing
subsidy programs
how is RE unique? - - heterogeneous: each property is unique
- immobility
*b/c of these, the RE market is illiquid, localized, and highly segmented
institutional-grade real estate - Larger commercial properties, usually valued over $10 million,
targeted by institutional investors, such as pension funds and foreign investors. These investments are
generally located in the 50 to 60 largest U.S. metropolitan areas.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller PatrickKaylian. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
