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

©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM Real Estate 306 Exam 1 Questions With Correct Answers. Property - answerrefers to anything that can be owned or possessed Land - answermay include more than the earth, may also include improvements to the land Raw land - answerlarge land area with no improvements personal property - answerthings that are movable & not permanently affixed to the land Ownership rights - answerReal estate provides people with this "bundle of rights" - Rig...

Real Estate 306 Exam 1 Questions With Correct Answers. Real estate figure - answerspace consumer space producers public infrastructure space consumer - answerclient/user spaces producers - answerdevelopers, bankers, appraisers, brokers, lawyers public infrastructure - answercommunity (fire, police, garbage) developer's key objective - answergenerate risk-adjusted returns that create value and are able to manage risk development process/timeline - answerfind the opportunity land contr...

©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM Real Estate 306 Exam 1 Questions With Correct Answers Real Estate - answerAn asset class, Land improvements on any land and improvements on it (use of leverage, inflation hedge, tangible asset, depreciates, 1031 Exchange) Real Estate as an Asset - answerHolds value and falls under PPE How much does Real Estate make up of the US GDP? - answer25% How many jobs does RE create for AMericans? - answer9 million How much government revenue is g...

©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM Real Estate 306 Exam 1 Terms Real estate has 3 definitions - answerphysical asset, rights from owning a property, the industry itself Physical asset definition - answerthe land and all permanent attachments to the land, with tangible vs. intangible assets Difference between real property and personal property? - answerReal property is pretty permanent. Personal property can be easily removed without leaving any marks/damages Physical rig...

©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM Real Estate 306 Exam 1 Study Guide 100% Verified. Real Estate - answerLand and any improvements on it. Can be thought of as a bundle of legal rights or a bundle of assumptions. Commercial Real Estate - answerRefers to income-producing properties as opposed to single-family homes, which is referred to as residential real estate. Asset - answerA useful or valuable thing such as real estate. Asset Class - answerA grouping of a similar type ...

Real Estate 306 Midterm 1 Exam Questions and Answers with 100% Solutions | Rated A+ Real estate - physical asset anything that can be owned or possessed; RIGHTS from owning property if you have right of possession, you own real estate profession and an industry real estate as a physical asset - is the land and all permanent attachments to the land and anything it is suitable for; ex. fixed structures or parking garage potential real estate as a bundle of rights - it is the services/ben...

Real Estate 306 Final Exam Questions with Accurate Answers | Guaranteed Success 3 approaches to value - 1. sales comparison (market) approach 2. cost approach 3. income approach sales comparison (market) approach - -value of RE can be determined by analyzing the sale prices of similar properties -in a competitive market, close substitutes should sell for similar prices -difficulty: how many truly close substitutes exist & how many of these have sold recently? -"one price" rule (i.e....

©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM Real Estate 306 Midterm 1 Questions With Correct Answers Real estate - answerphysical asset anything that can be owned or possessed; RIGHTS from owning property if you have right of possession, you own real estate profession and an industry real estate as a physical asset - answeris the land and all permanent attachments to the land and anything it is suitable for; ex. fixed structures or parking garage potential real estate as a bundle...

©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM Real Estate 306 Final Exam Questions With Correct Answers. Market where tenants negotiate rent and other terms with property owners as their managers is: - answerthe user market market in which required rates of return on available investment opportunities is: - answerthe capital market the actions of local, state and federal governments affect real estate values: - answerthrough user markets, capital markets and taxation what portion o...

Real Estate 306 Exam 2 Questions With Correct Answers The action of taking possession of a mortgaged property when the mortgagor fails to keep up their payments - answerForeclosure A claim or legal right against assets that are typically used as collateral to satisfy a debt - answerLien a non-binding financing commitment - answerTerm Sheet A loan committee that consists of upper management of a lending institution with the authority to approve loans that the initial loan officer does not...