Real Estate 306 Exam 1 Q&A with Accurate Solutions | 2024/2025 Update
3 views 0 purchase
Course
Real Estate
Institution
Real Estate
Real Estate 306 Exam 1 Q&A with
Accurate Solutions | 2024/2025 Update
Real estate figure - space consumer
space producers
public infrastructure
space consumer - client/user
spaces producers - developers, bankers, appraisers, brokers, lawyers
public infrastructure - community (fire, police, g...
public infrastructure - ✔✔community (fire, police, garbage)
developer's key objective - ✔✔generate risk-adjusted returns that create
value and are able to manage risk
development process/timeline - ✔✔find the opportunity
land control/acquisition
design&public approvals
financing
construction
leasing
payday
,responsibilities of the real estate developer - ✔✔building users
construction
community/public sector
lenders and investors
entrepreneur
development starting points - ✔✔site in search of a use
use in search of a site
value creation - ✔✔a. sales price-total project cost
b. return on investment
components of total project costs - ✔✔land purchase price
cost of construction (hard costs)
secondary cost (soft costs)
cash flow drivers - ✔✔revenue
operating expenses
recurring capital expenditures
real estate's economic impact - ✔✔25% of GDP
70% of local gov revenue through RE taxes
developed land is 6% of US land
RE value is $31 trillion, a slight more than stock market equity at $30 trillion
, the term real estate - ✔✔physical asset, rights from owning property, a
profession and an industry
formal definition of real estate - ✔✔land, buildings, and structures
permanently affixed to the land
real property - ✔✔real estate plus the bundle of rights
personal property - ✔✔property that is not permanently affixed to buildings
and have limited value if removed
ownership rights - ✔✔right to:
use/occupy/enter it
sell it
lease it
encumber it
right to do all
real estate characteristics - ✔✔heterogeneous (no two properties are
identical)
immobile (tangible, fixed in space)
private and equity capital markets - ✔✔individuals, partnerships, firms &
institutions
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 JOSHCLAY. 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.
