REAL 4000 Uga; Questions & Answers 100%
Solved
property Correct answer-anything that can be owned or possessed
tangible assets Correct answer-physical things, such as automobiles, clothing, land, or
buildings
intangible assets Correct answer-nonphysical things which include contractual righ...
REAL 4000 Uga; Questions & Answers 100%
Solved
property Correct answer-anything that can be owned or possessed
tangible assets Correct answer-physical things, such as automobiles, clothing, land, or
buildings
intangible assets Correct answer-nonphysical things which include contractual rights
(e.g., mortgage and lease agreements), financial claims (e.g., stocks and bonds), interests,
patents, or trademarks
how is the term "real estate" used? Correct answer-1. used to identify tangible assets of
land/buildings
2. used to denote the bundle of rights associated w/ ownership of assets
3. used in reference to the business of real estate
improvements on land vs improvements to land Correct answer-ON land - fixed
structures such as buildings, walls etc
TO land - include components necessary to make the land suitable to be used such as
infrastructure
land Correct answer-- often used to refer to a building site, lot, etc. and not just land
raw land Correct answer-land that does NOT include structures or any improvements
, REAL 4000 Uga; Questions & Answers 100%
Solved
real property Correct answer-rights associated with ownership of land and all permanent
attachments to land.
*used interchangeably with real estate
personal property Correct answer-objects that are moveable and not permanently
attached to the land/structure, including furniture and tenant fixtures that are often purchased
along w/ real property acquisitions.
acre Correct answer-1 acre = 43,560 sq ft
640 acres = 1 sq mile
user markets Correct answer-when users are competing for PHYSICAL locations/spaces
capital markets Correct answer-FINANCIAL sector of the economy that allocates financial
resources among households/firms that require funds
- participants invest in stocks, bonds, etc. to receive a fin. return on their investment
capital market: equity interests Correct answer-owners of the real estate
- these people get their ROI through rent, price appreciation, etc.
, REAL 4000 Uga; Questions & Answers 100%
Solved
capital market: debt interests Correct answer-the lenders
- hold claims to interest on the borrowed funds that people use to invest, etc.
capitalization rate Correct answer-ratio of a property's annual net income from rental
operations to it's value
txtbk def: the percentage that is obtained when the income produced by a property (or a
specified interest in a property) is divided by the value or sale price of the property (or the
specified interest in the property).
role of government in real estate Correct answer-- local govt has the most influence
- state govt has the least effect
- national govt also has significant impact
how does the national government influence real estate? Correct answer-through
income tax and housing subsidy programs
how is RE unique? Correct answer-- heterogeneous: each property is unique
- immobility
*b/c of these, the RE market is illiquid, localized, and highly segmented
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 or Stuvia-credit 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 GOLDTUTORS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
