100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
REAL 4000 Test 1 - UGA Dr. Martin Questions And Answers With Latest Solutions $7.99   Add to cart

Exam (elaborations)

REAL 4000 Test 1 - UGA Dr. Martin Questions And Answers With Latest Solutions

 6 views  0 purchase
  • Course
  • REAL 4000 - UGA Dr. Martin
  • Institution
  • REAL 4000 - UGA Dr. Martin

3 phases of 2007 collapse - 1. mortgage 2. financial crisis 3. recession 1. identify the tangible assets of land and buildings 2. denote the bundle of rights associated with the ownership of property 3. activities related to the acquisition, operation, disposition of physical assets - 3 ways t...

[Show more]

Preview 2 out of 13  pages

  • August 3, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • REAL 4000 - UGA Dr. Martin
  • REAL 4000 - UGA Dr. Martin
avatar-seller
PatrickKaylian
REAL 4000 Test 1 - UGA Dr. Martin
3 phases of 2007 collapse - 1. mortgage

2. financial crisis

3. recession



1. identify the tangible assets of land and buildings

2. denote the bundle of rights associated with the ownership of property

3. activities related to the acquisition, operation, disposition of physical assets - 3 ways to describe
"Real Estate"



poorly built real estate and the effects of decisions in real estate last a long time - durability



real estate gets added to the market in relatively large chunks, hard to determine when to start a big
development project - lumpiness



impossible to know the value of real estate, seller typically knows more about a property than the buyer
does - imperfect information



range of potential values for a property, no single known value - price dispersion



brokerage fees (5-10%), search costs, reduces the return of flipping houses - high transaction costs



supply cannot be shifted to another market = surpluses and shortages can co-exist



consume a product, consume the location (unavoidable) - immobility



impossible for two locations to have the same location, every property has a location monopoly, no
perfect substitutes - perfect heterogeneity

, Which markets is real estate influenced by? - 1. user market

2. financial/capital market

3. government sector



government is expected to support you in your claims



non-revocable and enduring - basic rights



derive from the Constitution and Bill of Rights - personal rights



oldest notion of the law

includes:

1. exclusive possession

2. use and enjoyment

3. dispostion - property rights



rights to the land and everything permanently attached to it, includes raw land, improvements to the
land (clearing, rezoning), and improvements on the land (buildings) - surface rights



rights to the ground below the the surface of the property - subsurface rights



rights to the reasonable distance above the surface of your property, relates to the interference of
enjoyment (drones) - air rights



an object formerly personal property, but becomes real property through attachment - fixtures



a property that you have the rights to/own for an indefinite period of time, like a house - freehold
interests

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller PatrickKaylian. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80461 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart