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REE3043 EXAM 2 SG MC (2024) LATEST QUESTIONS WITH COMPLETE SOLUTIONS!!
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REE3043 EXAM 2 SG MC (2024) LATEST QUESTIONS WITH COMPLETE SOLUTIONS!!
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REE3043 EXAM 2 SGMC (2024) LATEST
QUESTIONS WITH
COMPLETE
SOLUTIONS!!
REE 3043
Evatee 8/4/24 REE 3043
,REE3043 EXAM 2 SG MC (2024) LATEST
QUESTIONS WITH COMPLETE SOLUTIONS!!
You are projecting that 5,000 apartment units will sign new leases in the
market area next year. Target luxury market makes up to 5% of households by
income that currently rent (or would be interested in renting). Assuming a
capture rate of 20% of segment potential, how many luxury apartment units
should a developer expect to lease in year one if...
A.1000 units
B. 500 units
C. 250 units
D.50 units Answer - D. 50 Units
If the market value of multifamily housing (apt bldgs) exceeds its construction
cost, an increase in the supply of units will occur. As the market becomes
oversupplied, we would expect which of the following to increase?
A. Occupancy levels
B. Market values
C. Vacancy levels
D. Constructioncosts Answer - C. Vacancy levels
Oversupply means there are more apts for rent than there are hholds looking
for apts. In this market phase we expect vacancy levels to increase (i.e.,
occupancy levels to decrease)
The objective of a market analysis is to provide key numbers that characterize
the potential for a real estate project. For rental retail space, the key market
, parameters in question would most likely include projections for all of the
following except:
A. Occupancy rates
B. Rent level
C. Rent growth
D. Sales rates Answer - D. Sales Rates
The primary source for detailed household demographic information in the U.S.
is the:
A. Regional Economic Accounts from the Bureau of Economic Analysis
B. Employment Situation Summary from the Bureau of Labor Statistics
C. American Community Survey from the U.S. Census Bureau
D. County Business Patterns Report from the U.S. Census Bureau Answer - C.
American Community Survey from the U.S. Census Bureau
A new residential development will face competition from other new
developments, other builders, and sales of existing homes. To determine if
demand in the project's core market segment will be sufficient to justify
proceeding, a developer would apply what rate to estimate sales per year:
A. Capture rate
B. Capitalization rate
C. Absorption rate
D. Risk risk-free rate Answer - A. Capture rate
Suppose a developer is interested in building a new suburban residential
development with 30 units. Through his market research, the developer has
determined that the target market makes up 20% (core market share) of the
households that currently reside in the metropolitan area. If an analysis of data
from the MLS indicates that there should be approximately 500 residential
sales in this area over the next year, how many years will it take the developer
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