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REE 3043 exam Questions and answers| Grade A
REE 3043 exam Pack Questions and Solutions | Grade A
[Show more]REE 3043 exam Pack Questions and Solutions | Grade A
[Show more]Given the following information regarding an income producing property, determine the 
NPV using levered cash flows in your analysis: required equity investment: $270,000; 
expected NOI for each of the next five years: $150,000; debt service for each of the next five 
years: $125,000; expected ho...
Preview 2 out of 12 pages
Add to cartGiven the following information regarding an income producing property, determine the 
NPV using levered cash flows in your analysis: required equity investment: $270,000; 
expected NOI for each of the next five years: $150,000; debt service for each of the next five 
years: $125,000; expected ho...
Economists suggest that the value of something results from its utility and: 
️: D. 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: 
️: C. Urban economics 
Formal ar...
Preview 3 out of 17 pages
Add to cartEconomists suggest that the value of something results from its utility and: 
️: D. 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: 
️: C. Urban economics 
Formal ar...
The primary purpose of a listing agreement is to define the relationship between 
️: The property owner and the real estate broker 
A state license is required for anyone who 
️: Sells property for other people 
Which of the following terms refers to the illegal practice of showing minority buye...
Preview 3 out of 18 pages
Add to cartThe primary purpose of a listing agreement is to define the relationship between 
️: The property owner and the real estate broker 
A state license is required for anyone who 
️: Sells property for other people 
Which of the following terms refers to the illegal practice of showing minority buye...
A state license is required for anyone who: 
a)sells their own property 
b)sells property for other people 
c)a and b 
d)none of the above 
️: sells property for other people 
Which of the following arrangements does not qualify as an agency relationship in real estate 
transactions? 
a)a sel...
Preview 4 out of 32 pages
Add to cartA state license is required for anyone who: 
a)sells their own property 
b)sells property for other people 
c)a and b 
d)none of the above 
️: sells property for other people 
Which of the following arrangements does not qualify as an agency relationship in real estate 
transactions? 
a)a sel...
If the site represents 40% of the total value in a particular neighborhood, how much land 
value would be allocated from a $200,000 sale of a single family home? 
️: $80,000.00 
In the subject property's neighborhood, improved properties are selling for prices in a range 
of $140,000 to $160,00...
Preview 4 out of 56 pages
Add to cartIf the site represents 40% of the total value in a particular neighborhood, how much land 
value would be allocated from a $200,000 sale of a single family home? 
️: $80,000.00 
In the subject property's neighborhood, improved properties are selling for prices in a range 
of $140,000 to $160,00...
A property is being appraised using the income capitalization approach. Annually, it has an 
estimated gross income of $48,000, vacancy and credit losses of $3,600, and operating 
expenses of $15,000. Using a capitalization rate of 8%, what is the property's value (rounded 
up to the nearest $1,...
Preview 3 out of 30 pages
Add to cartA property is being appraised using the income capitalization approach. Annually, it has an 
estimated gross income of $48,000, vacancy and credit losses of $3,600, and operating 
expenses of $15,000. Using a capitalization rate of 8%, what is the property's value (rounded 
up to the nearest $1,...
Factors that affect housing market segmentation include all except: 
household size. 
household income. 
household lifestyle. 
household unemployment status. 
household age. 
️: household unemployment status. 
A popular adage in real estate is that property value is all about "location, locati...
Preview 4 out of 60 pages
Add to cartFactors that affect housing market segmentation include all except: 
household size. 
household income. 
household lifestyle. 
household unemployment status. 
household age. 
️: household unemployment status. 
A popular adage in real estate is that property value is all about "location, locati...
If one discount point costs the borrower 1% of the loan amount, and increases the lender's 
yield by 1/8th of one percent, how many discount points must be purchased to lower the 
interest rate by 1%? 
1 
4 
8 
16 
️: 8 
1/8th = 0.125; 1.0 ÷ 0.125 = 8 
A five-sided lot has the following dimens...
Preview 4 out of 35 pages
Add to cartIf one discount point costs the borrower 1% of the loan amount, and increases the lender's 
yield by 1/8th of one percent, how many discount points must be purchased to lower the 
interest rate by 1%? 
1 
4 
8 
16 
️: 8 
1/8th = 0.125; 1.0 ÷ 0.125 = 8 
A five-sided lot has the following dimens...
A market where tenants negotiate rent and other terms with property owners or their 
managers is referred to as a 
️: User Market 
The market in which required rates of return on available investment opportunities are 
determined is referred to as the: 
️: Capital Market 
The actions of local,...
Preview 2 out of 8 pages
Add to cartA market where tenants negotiate rent and other terms with property owners or their 
managers is referred to as a 
️: User Market 
The market in which required rates of return on available investment opportunities are 
determined is referred to as the: 
️: Capital Market 
The actions of local,...
Different financing requirements usually are involved in the various phases of a property's 
life. Which of the following types of loans is used to finance improvements to the land, such 
as sewers, streets and utilities? 
A. Bridge loans 
B. Land development loans 
C. Land acquisition loans 
...
Preview 3 out of 21 pages
Add to cartDifferent financing requirements usually are involved in the various phases of a property's 
life. Which of the following types of loans is used to finance improvements to the land, such 
as sewers, streets and utilities? 
A. Bridge loans 
B. Land development loans 
C. Land acquisition loans 
...
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