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Real Estate 306 Exam 1; Questions and Answers 100% Correct $13.99   Add to cart

Exam (elaborations)

Real Estate 306 Exam 1; Questions and Answers 100% Correct

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  • Course
  • Real Estate 306
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  • Real Estate 306

Real Estate 306 Exam 1; Questions and Answers 100% Correct real estate figure Correct answer-space consumer space producers public infrastructure space consumer Correct answer-client/user spaces producers Correct answer-developers, bankers, appraisers, brokers, lawyers public infrastructure...

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  • August 8, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate 306
  • Real Estate 306
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GOLDTUTORS
Real Estate 306 Exam 1; Questions and
Answers 100% Correct
real estate figure Correct answer-space consumer

space producers

public infrastructure




space consumer Correct answer-client/user




spaces producers Correct answer-developers, bankers, appraisers, brokers, lawyers




public infrastructure Correct answer-community (fire, police, garbage)




developer's key objective Correct answer-generate risk-adjusted returns that create value
and are able to manage risk




development process/timeline Correct answer-find the opportunity

land control/acquisition

design&public approvals

financing

construction

leasing

payday

, Real Estate 306 Exam 1; Questions and
Answers 100% Correct
responsibilities of the real estate developer Correct answer-building users

construction

community/public sector

lenders and investors

entrepreneur




development starting points Correct answer-site in search of a use

use in search of a site




value creation Correct answer-a. sales price-total project cost

b. return on investment




components of total project costs Correct answer-land purchase price

cost of construction (hard costs)

secondary cost (soft costs)




cash flow drivers Correct answer-revenue

operating expenses

recurring capital expenditures

, Real Estate 306 Exam 1; Questions and
Answers 100% Correct
real estate's economic impact Correct answer-25% of GDP

70% of local gov revenue through RE taxes

developed land is 6% of US land

RE value is $31 trillion, a slight more than stock market equity at $30 trillion




the term real estate Correct answer-physical asset, rights from owning property, a
profession and an industry




formal definition of real estate Correct answer-land, buildings, and structures
permanently affixed to the land




real property Correct answer-real estate plus the bundle of rights




personal property Correct answer-property that is not permanently affixed to buildings
and have limited value if removed




ownership rights Correct answer-right to:

use/occupy/enter it

sell it

lease it

encumber it

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