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REAL 4000 Dietz, REAL 4000 Test 2 Dietz, UGA REAL 4000 EXAM 3 Dietz, REAL 4000 Test 4 Dietz Questions and Answers $14.49   Add to cart

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REAL 4000 Dietz, REAL 4000 Test 2 Dietz, UGA REAL 4000 EXAM 3 Dietz, REAL 4000 Test 4 Dietz Questions and Answers

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What three ways are the term real estate used? What three ways are the term real estate used? What three ways are the term real estate used? What three ways are the term real estate used? What three ways are the term real estate used? What three ways are the term real estate used? What three ...

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  • August 16, 2024
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REAL 4000 Dietz, REAL 4000 Test 2
Dietz, UGA REAL 4000 EXAM 3 Dietz,
REAL 4000 Test 4 Dietz Questions and
Answers
5 types of commercial real estate

✓ ~~~ Retail, Hotel, Office Space, Multifamily, Warehouse/Industrial



Two types of property

✓ ~~~ tangible and intangible



tangible

✓ ~~~ physical assets that can be owned (can be real and personal)



intangible

✓ ~~~ non physical assets such as stock bonds and mortgages, leases



What three ways are the term real estate used?

✓ ~~~ 1.Tangible Asset (Building, Raw Land, Improvements to land) 2. Bundle of rights
(Exclusive possession of the real property (you own and can exclude) Use or enjoyment
can do whatever you want within means of law Disposition (sale) - selling the land
Can be unbundled (sticks)) 3. Real Estate as a career




Property Market Formula

✓ ~~~ space market/capital market



Property Value Formula

, ✓ ~~~ next years NOI/ Capitalization rate



1 acre =

✓ ~~~ 43560 sq ft



1 square mile =

✓ ~~~ 640 acres



4 Quadrants of Capital Markets

✓ ~~~ Private equity
Private debt

Public equity

Public debt




Institutional grade property

✓ ~~~ >10 million



Investment Grade

✓ ~~~ <10 million



What are rights?

✓ ~~~ Claims that the government is obligated to enforce, non revocable, enduring (not
limited to memory of the owners)



Two different types of rights

, ✓ ~~~ Personal & Property



Personal Rights

✓ ~~~ guaranteed by the constitution



property rights

✓ ~~~ the rights individuals or firms have to the exclusive use of their property, including
the right to buy or sell it



Real Property

✓ ~~~ physical property such as land and buildings



Personal Property

✓ ~~~ possessions such as jewelry, furniture, and boats



Fixtures

✓ ~~~ Real property that was formerly personal property



four rules of fixtures

✓ ~~~ 1. Manner of attachment (how attached is it to the property..clock vs light attached
to ceiling...does it cause damage when removed quickly
2. Character of the article and manner of adaption (Dry bar in corner that was

designed for it)(other examples, church pew)

3. Intention of the parties (dominant rule): based on the customary assumptions of

the realm (will you bring the fridge when you leave?) some places take all of the

appliances

, 4. Relation of the Parties: Trade Fixtures - commercial real estate fixtures that goes

with the tenant when they leave




interest

✓ ~~~ Any set of rights in real property



Estate

✓ ~~~ a real property interest that includes the right of exclusive possession
- non possessory interests




Two types of estates

✓ ~~~ Ownership estate & Leasehold estate



free simple absolute

✓ ~~~ the highest and most complete form of ownership, potentially infinite duration



Free simple conditional

✓ ~~~ all rights, but revocable if specific condition is violated (UGA property revocable if
iron mine is opened on ag hill)



Ordinary Life Estate

✓ ~~~ Estate in which the property owner retains all rights of exclusive possession, use,
and enjoyment for life while a subsequent owner holds a remainder interest that follows
the life estate.



Legal Life Estate

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