REAE 3325 Exam 1 Questions and
Answers (Already Graded A)
Real estate - ANSWER--land and things attached to it
-bundle of rights
-profession
-Tangible or intangible
Tangible Real Estate - ANSWER-oil
mineral
water rights
real or personal property
raw land (improvements)
roads
structure
"Intangible" Real Estate - ANSWER-stocks
bonds
mortgages
leases
3 things that determine value - ANSWER-1. User (space) markets
2. Capital market
3. Property markets
User (space) market - ANSWER-Lease and Rent -> Supply and Demand
Value varies on LOCATION
-Highly segmented
Ownership (freehold) estates - ANSWER-LEVELS OF OWNERSHIP
Fee simple absolute- all possible rights
fee simple conditional - ANSWER-all rights but revocable
its yours as long as... (conditions)
Capital market - ANSWER-MONEY=FUNDS
Money that it takes to own RE
can be impacted interest rates
RISK is always considered for RETURN
Public Capital market - ANSWER-Stock Exchange
find out things very easily and quickly
Sell very quickly = HIGH liquidity
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