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REAL 4000 UGA Test 1 Latest Updated 2024/2025 Actual Questions and Answers Fully Solved 100% Guaranteed Success.(Graded A+)
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clustering - examples: apparel stores in a mall or any business where customers like to comparison-shop raw land - land that does NOT include structures or any improvements role of government in real estate - - local govt has the most influence - state govt has the least effect - national govt...

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  • August 4, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • REAL 4000 UGA
  • REAL 4000 UGA

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REAL 4000 UGA Test 1
clustering - examples: apparel stores in a mall or any business where customers like to
comparison-shop

raw land - land that does NOT include structures or any improvements

role of government in real estate - - local govt has the most influence

- state govt has the least effect

- national govt also has significant impact

how is the term "real estate" used? - 1. used to identify tangible assets of land/buildings

2. used to denote the bundle of rights associated w/ ownership of assets

3. used in reference to the business of real estate



improvements on land vs improvements to land - ON land - fixed structures such as buildings,
walls etc

TO land - include components necessary to make the land suitable to be used such as infrastructure



land - - often used to refer to a building site, lot, etc. and not just land

real property - rights associated with ownership of land and all permanent attachments to land.

*used interchangeably with real estate



personal property - objects that are moveable and not permanently attached to the
land/structure, including furniture and tenant fixtures that are often purchased along w/ real property
acquisitions.



acre - 1 acre = 43,560 sq ft

640 acres = 1 sq mile



user markets - when users are competing for PHYSICAL locations/spaces

, capital markets - FINANCIAL sector of the economy that allocates financial resources among
households/firms that require funds

- participants invest in stocks, bonds, etc. to receive a fin. return on their investment



capital market: equity interests - owners of the real estate

- these people get their ROI through rent, price appreciation, etc.



capital market: debt interests - the lenders

- hold claims to interest on the borrowed funds that people use to invest, etc.



capitalization rate - ratio of a property's annual net income from rental operations to it's value

property - anything that can be owned or possessed



txtbk def: the percentage that is obtained when the income produced by a property (or a specified
interest in a property) is divided by the value or sale price of the property (or the specified interest in the
property).




how does the national government influence real estate? - through income tax and housing
subsidy programs



how is RE unique? - - heterogeneous: each property is unique

- immobility



*b/c of these, the RE market is illiquid, localized, and highly segmented



institutional-grade real estate - Larger commercial properties, usually valued over $10 million,
targeted by institutional investors, such as pension funds and foreign investors. These investments are
generally located in the 50 to 60 largest U.S. metropolitan areas.

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