Real Estate 306 Exam 1 Questions and Answers with Complete Solutions | Already Passed
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Course
Real Estate
Institution
Real Estate
Real Estate 306 Exam 1 Questions and
Answers with Complete Solutions |
Already Passed
Real Estate - Land and any improvements on it. Can be thought of as a
bundle of legal rights or a bundle of assumptions.
Commercial Real Estate - Refers to income-producing properties as
opposed to single-fa...
Real Estate - ✔✔Land and any improvements on it. Can be thought of as a
bundle of legal rights or a bundle of assumptions.
Commercial Real Estate - ✔✔Refers to income-producing properties as
opposed to single-family homes, which is referred to as residential real
estate.
Asset - ✔✔A useful or valuable thing such as real estate.
Asset Class - ✔✔A grouping of a similar type of investment.
Tangible - ✔✔Describes something that you can touch.
Illiquid - ✔✔Buildings being difficult, or taking a long time to sell and
transact.
Lease - ✔✔A contract by which one party conveys the use of land or space
in a building to another for a specified time in return for periodic
payment/rent.
, Credit Tenant - ✔✔A term used to describe a tenant's financial strength
and thus the likelihood that they will make payments.
Revenue - ✔✔Income in the form of rent payments.
NIMBY - ✔✔Not in my backyard, refers to pushback some developers
receive from the neighboring community.
YIMBY - ✔✔Yes in my backyard, the neighboring community that supports
development or density.
Capital - ✔✔Money, typically in the form of debt or equity.
Equity - ✔✔Invested money that is typically not guaranteed, but results in
more reward for the investor. Also refers to the owner or group of owners in
real estate.
Debt - ✔✔Borrowed money that must be returned with a predetermined
interest rate that is typically guaranteed by the developer.
Return of Capital - ✔✔Describes when the investor receives back the
money that was originally invested.
Return on Capital - ✔✔Describes additional money that the investor
receives in excess of the original capital.
Floor Area Ratio - ✔✔A metric that varies based on zoning to determine
how much total building square footage can go on a specific site.
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