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REAL 4000 UGA Dietz Exam 1 Study Review; Questions & Answers 100% Solved $17.99   Add to cart

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REAL 4000 UGA Dietz Exam 1 Study Review; Questions & Answers 100% Solved

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  • REAL 4000 UGA
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  • REAL 4000 UGA

REAL 4000 UGA Dietz Exam 1 Study Review; Questions & Answers 100% Solved Five Main Product-Types or "Food Groups" and Others of CRE... (Corporate Real Estate) Correct answer-Industrial (e.g. offices, warehouses, garages, and distribution centers) Multi-family (e.g. duplex, which has two dwe...

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  • August 8, 2024
  • 47
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • REAL 4000 UGA
  • REAL 4000 UGA
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GOLDTUTORS
REAL 4000 UGA Dietz Exam 1 Study Review;
Questions & Answers 100% Solved
Five Main Product-Types or "Food Groups" and Others of CRE... (Corporate Real Estate)
Correct answer-Industrial (e.g. offices, warehouses, garages, and distribution centers)

Multi-family (e.g. duplex, which has two dwellings within a single building, to homes or small
apartments buildings with up to four units)

Office

Retail

Other (e.g. storage units, churches, stadium, hospitals, student housing)

Hotel/ Resorts




How much is this property worth at a 6.8% capitalization rate? Correct answer-net
operating income / capitalization rate = $1,948,.8% = $28,656,000




"NOI" Net Operating Income Correct answer-is one of the Golden numbers, represents
how well the machine works




tangible property Correct answer-Physical asset that can be owned

Can be real or personal property

EX: Real property, (land and other assets that are permanently attached to the land) buildings,
canals, crops, fences, land, landscaping, machinery, minerals, ponds, roads.

EX: Personal property, (property that is moveable) vehicles, furniture, boats, and collectibles.

, REAL 4000 UGA Dietz Exam 1 Study Review;
Questions & Answers 100% Solved
intangible property Correct answer-Non-physical assets such as stocks, bonds,
mortgages, leases




real estate as a tangible asset Correct answer-"Raw" Land

Improvements to the land

Excavation and fill

Sewers and other utilities

Roads and driveways

Structures (improvements on the land)




real estate as a bundle of rights Correct answer-Exclusive possession of the real property
(no trespassing)

Use or enjoyment

Ex., can use as rental property to generate cash flow

Disposition (sale)

Can be unbundled in many ways

Ex., owner leases property to renter




term real estate used in 3 ways Correct answer-1. Real Estate as a tangible asset

2. Real Estate as a bundle of rights

3. Real estate as an industry or profession

, REAL 4000 UGA Dietz Exam 1 Study Review;
Questions & Answers 100% Solved

Real Estate makes up ___________ of the world's wealth Correct answer-50%




real estate generates what percent of US GDP Correct answer-25%




real estate generates what percent of local govt revenue Correct answer-70%




real estate creates how many jobs for americans Correct answer-9 million




developed land represents what percent of land in the US Correct answer-6%




three markets in real estate Correct answer-Local User Markets

Property Markets

Capital Markets




important distinction of property market Correct answer-The property market is a
function of the Space (User) Market and the Capital Market

It is helpful to think of the Property Market as a result, NOT as a

Third market equal to the other two; though in reality they are all

Three independent concepts and can influence one another via

Their relationship.

, REAL 4000 UGA Dietz Exam 1 Study Review;
Questions & Answers 100% Solved

user market (space market) Correct answer-Market for the physical real estate

"Buyers" receive right to use space

Called the "space" market or "rental market"

Where rental rates are determined

These markets are very "local" and usually highly competitive

Separate localmarkets for various property types: retail, office, industrial, etc.




demand side of user market Correct answer-Individuals, households, & firms who require
space either for consumption or production purposes




supply side of user market Correct answer-Real estate owners/ operators who rent space
to tenants




Segmentation of User (Space) Markets Correct answer-Both demand and supply side of
user markets are very specific to location & building type

User (space) markets are highly segmented!

(is the process of dividing a broad consumer or business market, normally consisting of existing
and potential customers, into sub-groups of consumers (known as segments) based on some
type of shared characteristic, e.g., geographic, demographic, psychographic, and behavioral.)

Compare to nationally integrated markets (gasoline, steel, financial capital; i.e., homogeneous
commodities that can be moved from place to place)

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