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Real Estate 306 Exam 1 Questions and
Answers
A market value where tenants negotiate rent and other terms with property owners
or their managers is referred to as a :
a. property market
b. user market
c. housing market
d. capital market
✓ ~~~ b. user market
The market in which required rates of return on available investment opportunities
are determined is referred to as the :
a. property market
b. user market
c. housing market
d. capital market
✓ ~~~ d. capital market
The actions of local, state, and federal governments affect real estate values:
,a. primarily through user markets
b. primarily through the capital markets
c. primarily through their taxation policies
d. Through all of the above
✓ ~~~ d. through all of the above
What portion of households owns their house:
a. 1/3
b. 2/3
c. 1/2
d. 1/4
✓ ~~~ b. 2/3
Of the following asset categories, which has the greatest aggregate market value?
a. corporate equities
b. mortgage debt
c. government debt
d. nongovernment real estate
✓ ~~~ d. nongovernment real estate
, What is the single largest asset category in the portfolio of a typical US household?
a. housing
b. consumer durables
c. stocks
d. bonds
✓ ~~~ a. housing
Real estate markets differ from other asset classes by having all of the following
characteristics except:
a. local market
b. high transaction costs
c. segmented market
d. homogenous product
✓ ~~~ d. homogenous product
Which of the following is not important to the location of commercial properties?
a. access to customers
b. visibility
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