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

Real Estate 306 Exam 1; Questions and Answers 100% Correct property Correct answer-refers to anything that can be owned or possessed Land Correct answer-may include more than the earth, may also include improvements to the land Raw land Correct answer-large land area with no improvements personal property Correct answer-things that are movable & not permanently affixed to the land Ownership rights Correct answer-Real estate provides people with this "bundle of rights"

Real Estate 306 Exam 1; Questions and Answers 100% Correct A market value where tenants negotiate rent and other terms with property owners or their managers is referred to as a : a. property market b. user market c. housing market d. capital market Correct answer-b. user market

Real Estate 306 Exam 1; Questions and Answers 100% Correct real estate figure Correct answer-space consumer space producers public infrastructure space consumer Correct answer-client/user spaces producers Correct answer-developers, bankers, appraisers, brokers, lawyers public infrastructure Correct answer-community (fire, police, garbage

Real Estate 306 Exam 1; Questions and Answers 100% Correct Real Estate Correct answer-An 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 Correct answer-Holds value and falls under PPE How much does Real Estate make up of the US GDP? Correct answer-25% How many jobs does RE create for AMericans? Correct answer-9 million

Factors that affect a bid-rent curve - - number of commuters or firms - wage rate (time cost) of commuters - speed of travel - frequency of trips Certain requirements for deed: - - Name grantor and grantee - Consideration and conveyance - Contain certain covenants and clauses - Contain exceptions and/or reservations clause & phsycial descriptions - acknowledgment and delivery Action of water - -Involuntary conveyance -accretion reliction - deposit soil, subsiding of water Actual notic...

Co ownership types: - - Condominium - Cooperative - Timeshare Land - may include more than the earth, may also include improvements to the land personal property - things that are movable & not permanently affixed to the land Ownership rights - Real estate provides people with this "bundle of rights" - Rights to: Use/Occupy Sell Lease Give away Do all or none "real property" vs. real estate security privacy location User markets - characterized by competition among users for ...

An undivided share of the whole, plus "survivorship" rights (restricts inheritance to heirs of the last surviving owner)• Not available in every state - joint tenancy -Mortgage-Leases-Mechanics Liens-Private Deed Restrictions. are all known as - title encumbrances -Name grantor and grantee -Dated and signed -Consideration -Words of conveyance -Delivery -Receipt of delivery - requirements of a deed -Pay for specific improvements - a new alley, new utilities to the home, new sidewal...

public infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastructurepublic infrastruc...

The actions of local, state, and federal governments affecThe actions of local, state, and federal governments affecThe actions of local, state, and federal governments affecThe actions of local, state, and federal governments affecThe actions of local, state, and federal governments affecThe actions of local, state, and federal governments affecThe actions of local, state, and federal governments affecThe actions of local, state, and federal governments affecThe actions of local, state, and fed...

How many jobs does RE create for AMericans? How many jobs does RE create for AMericans? How many jobs does RE create for AMericans? How many jobs does RE create for AMericans? How many jobs does RE create for AMericans? How many jobs does RE create for AMericans? How many jobs does RE create for AMericans? How many jobs does RE create for AMericans? How many jobs does RE create for AMericans? How many jobs does RE create for AMericans? How many jobs does RE create for AMericans? How m...