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REAL 4000 UGA Test 1; Questions & Answers 100% Solved

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REAL 4000 UGA Test 1; Questions & Answers 100% Solved study guide! Correct answer edit?usp=sharing property Correct answer-anything that can be owned or possessed tangible assets Correct answer-physical things, such as automobiles, clothing, land, or buildings intangible assets Correct an...

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  • August 8, 2024
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  • REAL 4000 UGA
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REAL 4000 UGA Test 1; Questions & Answers
100% Solved
study guide! Correct answer-
https://docs.google.com/document/d/1Mqge7xjzBKIUA2c3hKny16BavAuhN1sUWPgaPxFHY18/
edit?usp=sharing




property Correct answer-anything that can be owned or possessed




tangible assets Correct answer-physical things, such as automobiles, clothing, land, or
buildings




intangible assets Correct answer-nonphysical things which include contractual rights
(e.g., mortgage and lease agreements), financial claims (e.g., stocks and bonds), interests,
patents, or trademarks




how is the term "real estate" used? Correct answer-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 Correct answer-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

, REAL 4000 UGA Test 1; Questions & Answers
100% Solved
land Correct answer-- often used to refer to a building site, lot, etc. and not just land




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




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

*used interchangeably with real estate




personal property Correct answer-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 Correct answer-1 acre = 43,560 sq ft

640 acres = 1 sq mile




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




capital markets Correct answer-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

, REAL 4000 UGA Test 1; Questions & Answers
100% Solved
capital market: equity interests Correct answer-owners of the real estate

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




capital market: debt interests Correct answer-the lenders

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




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



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).




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

- state govt has the least effect

- national govt also has significant impact




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




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

- immobility

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