Exam (elaborations)
CALP Course 7 questions and answers graded A+ 2024/2025
- Course
- Institution
CALP Course 7 questions and answers graded A+ 2024/2025
[Show more]
Content preview
CALP Course 7list the various local areas impacts that can affect property and LP performance - ANSPhysical
location, physical building, curb appeal, gov, education, neighborhood, access, employment,
utilities, climate and medical access
the four typical reasons for utilizing a marketing plane include what areas - ANScritical need-
new property, repositioning- adding new things, problem-solving- budget, sustaining- review
describe the difference between a marketing objective and a marketing strategy - ANSmarketing
objections identify specific goals and define the metrics that will be used to measure wether the
goals have been successfully achieved. marketing strategies- identify the steps needed to
achieve marketing objections
what is achieved with market segmentation - ANSreducing the target market to smaller, more
defined sub-markets
list the factors that affect and help to identify target markets - ANSlocation, physical
characteristic, unit size, layout ,gov, social, price, economic, demographic characteristics
list four components of a market analysis - ANSregional analysis, neighborhood analysis,
property analysis, competitor analysis
define market rent - ANSrental rate quoted to the public and calculated either manually or by
automated revenue
define effective rent - ANSrental rates reduced by incentives or con applied
define concessions - ANStypically a rated discount applied to market rent
define unit mix - ANSitemized listing of all units at a community, sorted by unit type,
configuration, square footage for each type
define rent schedule - ANScurrent unit mix reflection the current market rate multiplied to reflect
total market rent for the property
define rent per square foot - ANSamount of rent per square foot in the apt is a universal way to
make a pricing comparison
new lease per traffic calculation - ANSleases divided by traffic
cost per lease calculation - ANScost divided by lease
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 Legitexams. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82871 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now