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REE 3043 EXAM QUESTIONS WITH ALL CORRECT ANSWERS

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REE 3043 EXAM QUESTIONS WITH ALL CORRECT ANSWERS The investment strategy may be separated into three components - Answer Investment policy, investment objectives, and investment policies Characteristics of income property investment - Answer Property Type- Apartments, hotels, office building...

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

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REE 3043 EXAM QUESTIONS WITH
ALL CORRECT ANSWERS

The investment strategy may be separated into three components - Answer ✔
Investment policy, investment objectives, and investment policies

Characteristics of income property investment - Answer ✔ Property Type- Apartments,
hotels, office buildings etc
Rental Income
Purchase as Investors
Geographic Scope

Net sellping price NSP= - Answer ✔ expected sale price (SP) - selling expense (SE)

a measure of the extent to which NOI can decline before it is sufficient to service the
debt, defined as net operating income over debt service - Answer ✔ debt coverage ratio

the percentage of an equity investment returned in cash, before income taxes, for one
year - Answer ✔ equity dividend rate

the rent that could be obtained by renting a property on the open market - Answer ✔
market rent

the rent specified in the lease contract - Answer ✔ contract rent

you are considering purchasing a retail building for 5,000,000 (50,000 sq. ft. net lease
area). You expect lease in the first year for $18 per sq ft. Vacancy and collection losses
are expected to be 9 percent of PGI' and operating expenses 45 percent of EGI. What is
expected operating income (NOI) for the first year? - Answer ✔ 450,450

You are considering purchasing a retail building for 5,000,000 (50,000 sq. ft. net lease
area). You expect lease in the first year for $18 per sq ft. Vacancy and collection losses
are expected to be 9 percent of PGI' and operating expenses 45 percent of EGI. Using
selling price, what is the implied first year overall capitalization rate ? - Answer ✔ 9.0
Percent

Objective of U.S tax law - Answer ✔ raise revenue in an efficient and equitable manner
& promotion of economically and socially desirable activities

, Real estate is classified into four categories - Answer ✔ personal residence, dealer
property, trade/business property, and investment property

Forms of Ownership - Answer ✔ sole proprietorship, partnership, corporation

Types of Income - Answer ✔ active income- income earned from salaries, wages,
commissions, fees, and bonuses
portfolio income-interest and dividends, and capital gains from stock, bond, and other
financial security investment
passive activity income- generated from trade and business activities

operating expenses - Answer ✔ operating expenses are generally tax dectuibles in the
year they are incurred

Economists suggest that the value of something results from its utility and: - Answer ✔
Scarcity

A branch of economics that extends the basic ideas of the early classical and
neoclassical economists to better understand and predict how humans use space is
termed: - Answer ✔ Urban economics

Formals arrangements and associations that members of society make to support
fundamental economics and social activities are referred to, in the text as - Answer ✔
institutions

Marshal contended that in a perfect market, the value of a good - Answer ✔ Was equal
to its price

Commercial mortgages held in portfolios of lenders are generally referred to as -
Answer ✔ Unsecuritized commercial mortgages

Stocks,bonds, and cash are generally classified as - Answer ✔ Financial assets

Real estate in the United States represents approximately what portion of the world's
wealth? - Answer ✔ 15 %

Approximately __________ of the wealth of real estate in the U.S Accrues to residential
property - Answer ✔ 75%

According to the text, business real estate (excluding farmland) accounts for
approximately _____ percent of the total value of real estate in the U.S? - Answer ✔
15%

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