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Real Estate 306 Exam 1 Study Guide 100% Verified.

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©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM Real Estate 306 Exam 1 Study Guide 100% Verified. Real Estate - answerLand and any improvements on it. Can be thought of as a bundle of legal rights or a bundle of assumptions. Commercial Real Estate - answerRefers to income-producing properti...

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  • August 29, 2024
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  • Real Estate 306
  • Real Estate 306
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©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM



Real Estate 306 Exam 1 Study Guide 100%
Verified.


Real Estate - answer✔✔Land and any improvements on it. Can be thought of as a bundle of legal
rights or a bundle of assumptions.

Commercial Real Estate - answer✔✔Refers to income-producing properties as opposed to
single-family homes, which is referred to as residential real estate.

Asset - answer✔✔A useful or valuable thing such as real estate.

Asset Class - answer✔✔A grouping of a similar type of investment.

Tangible - answer✔✔Describes something that you can touch.

Illiquid - answer✔✔Buildings being difficult, or taking a long time to sell and transact.

Lease - answer✔✔A contract by which one party conveys the use of land or space in a building
to another for a specified time in return for periodic payment/rent.

Credit Tenant - answer✔✔A term used to describe a tenant's financial strength and thus the
likelihood that they will make payments.

Revenue - answer✔✔Income in the form of rent payments.

NIMBY - answer✔✔Not in my backyard, refers to pushback some developers receive from the
neighboring community.

YIMBY - answer✔✔Yes in my backyard, the neighboring community that supports
development or density.

Capital - answer✔✔Money, typically in the form of debt or equity.

Equity - answer✔✔Invested money that is typically not guaranteed, but results in more reward
for the investor. Also refers to the owner or group of owners in real estate.

Debt - answer✔✔Borrowed money that must be returned with a predetermined interest rate that
is typically guaranteed by the developer.

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