REAL 4000 Uga; Questions & Answers 100%
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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 righ...
property correct answer anything that can be owned
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REAL 4000 Uga; Questions & Answers 100%
Solved
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
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 4000 Uga; Questions & Answers 100%
Solved
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
capital market: equity interests Correct answer-owners of the real estate
- these people get their ROI through rent, price appreciation, etc.
, REAL 4000 Uga; Questions & Answers 100%
Solved
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
*b/c of these, the RE market is illiquid, localized, and highly segmented
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