Real estate Chapter 6 question n answers rated A+

Real estate Chapter 61. Real estate market research is an important process used by analysts to facilitate a better understanding of a property's future profit potential. All of the following statements regarding market research are true EXCEPT: - correct answer B. Market research consists of a series of facts that fails to consider the role of investor behavior in the decision-making process. 2. A popular adage in real estate is that property value is all about "location, location, location." However, for most property types in nonresidential realms, nonlocational requirements are equally or even more important. All of the following are examples of nonlocational factors EXCEPT: - correct answer D. Proximity to modes of public transportation 3. Preferences of households can vary with time, prosperity, and context. The nuances in the preferences or needs of market subgroups are commonly referred to as: - correct answer A. market segmentation 4. Professor James Graaskamp often asserted that when one buys real estate, what one is buying is a set of assumptions about the future. Therefore, it is not surprising that the beginning point of the market research process is to: - correct answer C. construct a market-defining "story" 5. In constructing a market-defining "story," it is helpful to answer a series of fundamental questions around which analysis can be built. Which of the following questions is designed to identify the target market? - correct answer B. Who are the customers? 6. In the initial round of market analysis, analysts will attempt to provide key numbers that characterize the current condition and trend in the market. For rental retail space, the key market parameters in question would most likely include all of the following EXCEPT: - correct answer D. Projected sales rates 7. In contrast to conventional market analysis, the "story" approach to market research starts with an analysis of: - correct answer D. conditions in the property specific market 8. A planned unit development (PUD) is a residential development that differs from traditional residential subdivisions in all of the following ways EXCEPT: - correct answer B. It typically has larger individual lots with extensive side-yards on the property.