Real estate 306 exam 1 - Study guides, Class notes & Summaries

developer's key objective - generate risk-adjusted returns that create value and are able to manage risk balance of land use - quiet enjoyment (private), eminent domain/takings/just compensation (public purpose), rights of police power, due process 5th, 5th, 10th, 14th amendments building codes - older than zoning; fire, sanitation and injury building shapes and sizes determined by - legally permissible, physically possible, market feasible cash flow drivers - revenue operating expenses...

Real Estate 306 Exam 1 | Questions And Answers Latest {} A+ Graded | 100% Verified

Real Estate 306 Exam 1 | Questions And Answers Latest {} A+ Graded | 100% Verified

Real Estate 306 Exam 1 Terms; Questions and Answers 100% Correct Real estate has 3 definitions Correct answer-physical asset, rights from owning a property, the industry itself Physical asset definition Correct answer-the land and all permanent attachments to the land, with tangible vs. intangible assets Difference between real property and personal property? Correct answer-Real property is pretty permanent. Personal property can be easily removed without leaving any marks/damages

Real Estate 306 Exam 1 | Questions And Answers Latest {} A+ Graded | 100% Verified

Real Estate 306 Exam 1 | Questions And Answers Latest {} A+ Graded | 100% Verified

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direct co-ownership forms (go into deeper detail later) - lots of forms, such as tenancy in common, joint tenancy, tenancy by the entirety, condominium, cooperative A "fixture" is.... - real property that formerly was personal property affirmative easements give the dominant parcel some intrusive use of the servient parcel - driveway or access right-of-way, sewer line, drainage, common wall appurtenant - a right of use that a (dominant) parcel of land "enjoys" over an adjacent (servient...

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Commission - A fee that a real estate broker is paid on the sale of an asset or the lease of a space. Typically calculated as a percentage of the sales price or percentage of the total rental income over the life of the lease. Architect Contract Phases - Schematic design, design development, bid negotiation, construction documents, and construction administration. Architecture - The work of developing concepts and converting those concepts into images and plans that are used to construct b...