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Real Estate 306 Exam Questions & Answers Already Graded A+ $7.99   Add to cart

Exam (elaborations)

Real Estate 306 Exam Questions & Answers Already Graded A+

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  • Course
  • Real Estate 306
  • Institution
  • Real Estate 306

Developer Fee - What the developer gets paid for time and resources spent on project (based on a % of total costs) Appraiser must know.... - a. Supply & demand characteristics of marketplace b. Demand for property type c. Rules and regulations that impact property type d. Specific characterist...

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  • August 2, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate 306
  • Real Estate 306
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PatrickKaylian
Real Estate 306
Developer Fee - What the developer gets paid for time and resources spent on project (based on a
% of total costs)



Appraiser must know.... - a. Supply & demand characteristics of marketplace

b. Demand for property type

c. Rules and regulations that impact property type

d. Specific characteristics of property



(True/False) Lease forms may look very different from one another. - True



2 Types of Broker Licenses - 1. Licensee/salesperson (beginner level)

2. Broker



2 Types of Brokers - 1. Sale/purchase broker

2. Leasing broker



3 Approahces to Appraisal - 1. Sales comparison

2. Cost approach

3. Income approach



3 Techniques for Market Research - i. Excluding the Irrelevant

1. Compile public data that already exists

2. Get rid of what isn't relevant

ii. Find Proxy Tables

1. Find a corollary -> occupancy of all

apartments may be used to try to find the

, occupancy of 4 bedroom apartments

iii. Using an Analogy (Parallel)

1. Find something similar to what already

exists



3 Types of Maintenance - Preventative, routine, and corrective



4 Ways to Determine Available Sites - 1. Look at real estate websites

2. Hire a broker - must pay them

3. Conduct an independent site search

4. Solicit potential sites



Alterations & Improvements - LL hate alterations



Architect - Design the appearance of the building



Assignment - Contract must provide for assignment, otherwise seller's authorization is required to
assign



Assignment/Sub-Leasing - Sub-Lease: LL>T-ST

Assignment: LL>T0>T1

T wants more flexibility, LL wants less



Brokers have 3 types of special knowledge - i. Know the market/know pricing

1. Housing stock available

2. Buyers are in marketplace

ii. Marketing approaches

iii. Procedures & requirements of the transaction

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