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Real Estate Marketing: Commercial Real Estate (SAE) questions and answers
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Real Estate Marketing: Commercial Real Estate (SAE) questions and answers
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Real Estate Marketing: Commercial Real Estate(SAE) questions and answers
_____________ affect(s) the supply of real estate in
the United States. - ✔✔ANSW✔✔..a. Economics
b. Land costs
c. Taxation
d. All of these affect the supply of real estate in the
U.S.
Office park - ✔✔ANSW✔✔..Office parks will typically
offer a gross rental agreement. Some will have a
"stop- gap" payment which is one extra payment per
year that the landlord charges to offset his costs of
running the building.
,OlderClassCstripcenters -
✔✔ANSW✔✔..Inthepast,mostretailleasesweregrossl
eases.Landlordsmoved to triple-net and percentage
rent because of the economy, namely inflation.
There are some older strip centers that still may offer
gross leases to their tenants due to the economic
condi- tions of the area.
Open Carry and Concealed Carry Signage -
✔✔ANSW✔✔..must appear in contrasting colors
with block letters at least one inch in height
open listing - ✔✔ANSW✔✔..no protection at all. In
writing and sets the price and terms, but states that
it is cancelable
operating statement - ✔✔ANSW✔✔..gives the
landlord a picture of the financial health of the
property, and should be prepared on a monthly,
quarterly and annual basis.
Percentage Lease - ✔✔ANSW✔✔..a lease in which
all or part of the rental is based on the gross receipts
of the tenant's business
Phase 1 Environmental Report - ✔✔ANSW✔✔..this
is a record check of the local building department,
,health department, or other government agency to
see if there has been any cease and desist order
made or any demand to clean up a hydrocarbon spill
Phase 2 Environmental Report - ✔✔ANSW✔✔..This
is an on-site inspection of the business using
hydrocarbons and the surrounding area to see if any
visible spills or storage tank leakage has taken place
Phase 3 Environmental Report - ✔✔ANSW✔✔..This
report requires boring test hold and obtaining soil
samples at various spots around the affected
property to see if any of the samples contain traces
of hydrocarbon
POLICE POWER - ✔✔ANSW✔✔..Police power is
the right of the government to regulate and control
the way land is used. The most common example of
police power is zoning.
Police Power - ✔✔ANSW✔✔..the right of the
government to regulate and control the way land is
used
Preventative Maintenance - ✔✔ANSW✔✔..servicing
a property and its equipment in order to prevent
mechanical failure and keep property values high
, procuring cause of sale - ✔✔ANSW✔✔..is the
individual who, through a series of uninterrupted
activities or actions, brought about the completion of
a contract. The rule is that the broker must perform
within the time specified in the contract.
Producing Cause - ✔✔ANSW✔✔..requires proof
that the act or omission was a significance factor in
bringing about the injury
Radon - ✔✔ANSW✔✔..odorless, colorless, gas that
is naturally produced by the decay of radioactive
materials in rocks underground
Real Estate Investment Syndicate - ✔✔ANSW✔✔..a
method of raising funds for the purchase of real
estate
Resident Manager - ✔✔ANSW✔✔..lives on the
premises and may be employed by the owner or a
property management firm
Resident manager - ✔✔ANSW✔✔..Residential
property managers often live on the property that
they man- age and may be employed by an
individual owner or by a property management firm.
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