Exam (elaborations)
REE3043 EXAM 2 SG MC (2024) LATEST QUESTIONS WITH COMPLETE SOLUTIONS!!
- Course
- Institution
REE3043 EXAM 2 SG MC (2024) LATEST QUESTIONS WITH COMPLETE SOLUTIONS!!
[Show more]
Content preview
REE3043 EXAM 2 SGMC (2024) LATEST
QUESTIONS WITH
COMPLETE
SOLUTIONS!!
REE 3043
Evatee 8/4/24 REE 3043
,REE3043 EXAM 2 SG MC (2024) LATEST
QUESTIONS WITH COMPLETE SOLUTIONS!!
You are projecting that 5,000 apartment units will sign new leases in the
market area next year. Target luxury market makes up to 5% of households by
income that currently rent (or would be interested in renting). Assuming a
capture rate of 20% of segment potential, how many luxury apartment units
should a developer expect to lease in year one if...
A.1000 units
B. 500 units
C. 250 units
D.50 units Answer - D. 50 Units
If the market value of multifamily housing (apt bldgs) exceeds its construction
cost, an increase in the supply of units will occur. As the market becomes
oversupplied, we would expect which of the following to increase?
A. Occupancy levels
B. Market values
C. Vacancy levels
D. Constructioncosts Answer - C. Vacancy levels
Oversupply means there are more apts for rent than there are hholds looking
for apts. In this market phase we expect vacancy levels to increase (i.e.,
occupancy levels to decrease)
The objective of a market analysis is to provide key numbers that characterize
the potential for a real estate project. For rental retail space, the key market
, parameters in question would most likely include projections for all of the
following except:
A. Occupancy rates
B. Rent level
C. Rent growth
D. Sales rates Answer - D. Sales Rates
The primary source for detailed household demographic information in the U.S.
is the:
A. Regional Economic Accounts from the Bureau of Economic Analysis
B. Employment Situation Summary from the Bureau of Labor Statistics
C. American Community Survey from the U.S. Census Bureau
D. County Business Patterns Report from the U.S. Census Bureau Answer - C.
American Community Survey from the U.S. Census Bureau
A new residential development will face competition from other new
developments, other builders, and sales of existing homes. To determine if
demand in the project's core market segment will be sufficient to justify
proceeding, a developer would apply what rate to estimate sales per year:
A. Capture rate
B. Capitalization rate
C. Absorption rate
D. Risk risk-free rate Answer - A. Capture rate
Suppose a developer is interested in building a new suburban residential
development with 30 units. Through his market research, the developer has
determined that the target market makes up 20% (core market share) of the
households that currently reside in the metropolitan area. If an analysis of data
from the MLS indicates that there should be approximately 500 residential
sales in this area over the next year, how many years will it take the developer
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 EvaTee. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $18.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now