REAE 3325 Exam 1 Questions and
Answers (Already Graded A)
Real estate - ANSWER--land and things attached to it
-bundle of rights
-profession
-Tangible or intangible
Tangible Real Estate - ANSWER-oil
mineral
water rights
real or personal property
raw land (improvements)
roads
structure
"Intangible" Real Estate - ANSWER-stocks
bonds
mortgages
leases
3 things that determine value - ANSWER-1. User (space) markets
2. Capital market
3. Property markets
User (space) market - ANSWER-Lease and Rent -> Supply and Demand
Value varies on LOCATION
-Highly segmented
Ownership (freehold) estates - ANSWER-LEVELS OF OWNERSHIP
Fee simple absolute- all possible rights
fee simple conditional - ANSWER-all rights but revocable
its yours as long as... (conditions)
Capital market - ANSWER-MONEY=FUNDS
Money that it takes to own RE
can be impacted interest rates
RISK is always considered for RETURN
Public Capital market - ANSWER-Stock Exchange
find out things very easily and quickly
Sell very quickly = HIGH liquidity
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NursingTutor1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £8.92. You're not tied to anything after your purchase.
