Solutions for Real Estate Principles 7th Edition Ling
Complete Chapters
CHAPTER 1
The Nature of Real Estate and Real Estate Markets
Test Problems
1. A market where tenants negotiate rent and other terms with property owners or their
managers is referred to as a(n):
b. User/space market
2. The market in which required rates of return on available investment opportunities are
primarily determined is referred to as the:
d. Capital market
3. The actions of local, state, and federal governments affect real estate values
d. Through all of the above
4. What portion of households owns their house?
b. Approximately two-thirds
5. Of the following asset categories, which class has the greatest aggregate market value?
a. Corporate equities and mutual funds
6. Storm water drainage systems are best described as:
b. Improvements to the land
7. Among the following four categories, which is the largest asset category in the portfolio
of a typical U.S. household?
a. Housing
8. Real estate markets differ from other asset classes by having all of the following
characteristics except:
d. Homogeneous product
9. Which of the following is not important to the location of commercial properties?
c. Access to schools
10. Which of the following attributes of a home are the most difficult to observe and value?
c. Location attributes
1
Complete Chapters
CHAPTER 1
The Nature of Real Estate and Real Estate Markets
Test Problems
1. A market where tenants negotiate rent and other terms with property owners or their
managers is referred to as a(n):
b. User/space market
2. The market in which required rates of return on available investment opportunities are
primarily determined is referred to as the:
d. Capital market
3. The actions of local, state, and federal governments affect real estate values
d. Through all of the above
4. What portion of households owns their house?
b. Approximately two-thirds
5. Of the following asset categories, which class has the greatest aggregate market value?
a. Corporate equities and mutual funds
6. Storm water drainage systems are best described as:
b. Improvements to the land
7. Among the following four categories, which is the largest asset category in the portfolio
of a typical U.S. household?
a. Housing
8. Real estate markets differ from other asset classes by having all of the following
characteristics except:
d. Homogeneous product
9. Which of the following is not important to the location of commercial properties?
c. Access to schools
10. Which of the following attributes of a home are the most difficult to observe and value?
c. Location attributes
1
