UGA REAL 4000 EXAM 4 QUESTIONS AND ANSWERS | LATEST UPDATE | 2024/2025 | GRADED A+
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Course
UGA REAL 4000
Institution
UGA REAL 4000
UGA REAL 4000 EXAM 4 QUESTIONS
AND ANSWERS | LATEST UPDATE |
2024/2025 | GRADED A+
What is comparative market analysis used for in real estate?
Comparative market analysis is used to estimate a property's value by comparing it to
similar properties recently sold in the area.
What does ...
UGA REAL 4000 EXAM 4 QUESTIONS
AND ANSWERS | LATEST UPDATE |
2024/2025 | GRADED A+
What is comparative market analysis used for in real estate?
✔✔ Comparative market analysis is used to estimate a property's value by comparing it to
similar properties recently sold in the area.
What does net operating income (NOI) represent?
✔✔ Net operating income represents the total income generated from a property minus all
operating expenses.
What is the gross lease in real estate?
✔✔ A gross lease is a lease agreement where the landlord covers all property expenses,
including taxes and maintenance, and the tenant pays a fixed rent.
What is an adjustable-rate mortgage?
✔✔ An adjustable-rate mortgage is a loan where the interest rate can change periodically based
on market conditions.
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,What is property management?
✔✔ Property management involves overseeing and handling the day-to-day operations and
maintenance of rental properties.
What is the purpose of rent control?
✔✔ Rent control is a regulation that limits the amount by which a landlord can increase rent.
What does supply and demand refer to in real estate?
✔✔ Supply and demand refers to the relationship between the availability of properties and the
desire of buyers or renters for those properties.
What is land use zoning?
✔✔ Land use zoning is a regulatory tool used by local governments to control how land in
certain areas can be used or developed.
What is lease purchase option?
✔✔ A lease purchase option allows a tenant to rent a property with the option to buy it at the end
of the lease term.
2
, What does deed restriction mean?
✔✔ A deed restriction is a provision in a property deed that limits how the property can be used.
What is building code?
✔✔ A building code is a set of regulations that specifies the minimum standards for construction
and safety of buildings.
What is real estate investment trust (REIT)?
✔✔ A real estate investment trust (REIT) is a company that owns or finances income-producing
real estate and allows investors to buy shares.
What is the purpose of a property disclosure statement?
✔✔ A property disclosure statement provides information about the condition and history of a
property to potential buyers.
What is cost approach in property valuation?
✔✔ The cost approach estimates a property's value based on the cost to replace or reproduce the
property minus depreciation.
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